Trendy Home Builder Co., Ltd. and Landy home (Thailand) Co., Ltd agreed to acquire a 63.76% stake in Landy Development Co., Ltd. from Nation International Edutainment Public Company Limited (SET:NINE) and designated person of Nation International Edutainment Public Company Limited for THB 88 million on February 22, 2021. Under the transaction, Landy home (Thailand) Co., Ltd will acquire an additional 38.76% stake and Trendy Home Builder Co., Ltd. will acquire 25% stake in Landy Development Co., Ltd. and Nation International Edutainment Public Company Limited will sell 63.75% stake and designated person of Nation International Edutainment Public Company Limited will sell 1 share in Landy Development Co., Ltd. Under the transaction, Trendy Home Builder Co., Ltd. and Landy home (Thailand) Co., Ltd will acquire 2.550399 million shares of Landy Development Co., Ltd. at a price of THB 34.5 per share. Post transaction, Trendy Home Builder Co., Ltd. and Landy home (Thailand) Co., Ltd will hold 25% and 75% stake in Landy Development Co., Ltd. respectively and Nation International Edutainment Public Company Limited will not have any stake in Landy Development Co., Ltd. As a result of this transaction, Landy Development Co., Ltd. will not be a subsidiary of Nation International Edutainment Public Company Limited. Subsequent to the completion of the transaction, Voraphot Chanyakomol and Rashane Leerabandhu, the directors of Landy Development Co., Ltd. will be changed to the directors of Trendy Home Builder Co., Ltd. and Landy home (Thailand) Co., Ltd. Transaction has been approved by board of directors of Nation International Edutainment Public Company Limited. Under the conditions to the transaction, Nation International Edutainment Public Company Limited is required to disclose information about such transactions to the Stock Exchange of Thailand (SET) and to provide the information memorandum regarding the disposition to the shareholders within 21 days following the date of disclosure of the transaction to the SET. Transaction is expected to complete within the first Quarter of 2021. Proceeds from the transaction will be used by Nation International Edutainment Public Company Limited for working capital and business operation.