Jay Mart Public Company Limited announced a private placement of 342,361,387 common shares of par value THB 1 per share, at an issue price of THB 30.337 per share for gross proceeds THB 10,386,217,397.42 on August 26, 2021. The company will also issue 42,060,884 warrants no.6 to purchase 42,060,884 common shares, representing 4.07% stake in the company, at an exercise price of THB 30.337 per share for a period of no more than 3 years 9 months from the date of issuance. The transaction will include participation from new investors VGI Public Company Limited for 206,241,800 shares to acquire 15% stake, and 25,337,882 warrants, and U City Public Company Limited for 136,119,587 shares to acquire 9.9% stake, and 16,723,002 warrants.

The transaction has been approved in the board of directors' meeting No. 7/2021 of U City Public Company Limited, board of directors' meeting No. 6/2021 of VGI Public Company Limited, and board of directors' meeting No.

8/2021 of the company. The transaction is subject to approval in the company's extraordinary general meeting of shareholders No. 2/2021 to be held on November 1, 2021.

All securities to be issued in the transaction will be subject to a lock-up period of one year.