Thai Nippon Rubber Industry Public Company Limited notify that the Company received a notice dated 5 November 2021 from Products Licensing LLC which purports to terminate the Product License Agreement between Products Licensing LLC and the Company dated as of 1 April 2010, as amended, to design, manufacture, advertise, promote, sell, and distribute certain condoms and non-medical personal lubricants bearing and sold in connection with the Playboy Properties.