Nation International Edutainment Public Company Limited (the "Company") announced that on 23 September 2022, the Company and SuperRich Currency Exchange (1965) Company Limited ("SuperRich") jointly incorporated a joint venture company, namely SuperRich Turtle Exchange Company Limited (the "JV Co"), in which the Company holds 51% of total shares. The transaction details are as follows: Name of the JV Co: SuperRich Turtle Exchange Company Limited; Registered capital: THB 10 million, divided into 100,000 ordinary shares, with a par value of THB 100 per share; Shareholding structure: The Company and SuperRich hold 51% and 49% respectively; Nature of business: Distribution of souvenir and currency exchange services in mass transit area and/or any other area that the Company and/or its affiliate has the rights to use or manage; Size of transaction: The incorporation of the JV Co is regarded as an acquisition of assets which the transaction size does not require to disclose the information
memorandum under the regulations regarding the assets acquisition and disposition of a listed company.