Dashing Success: Intends to Acquire 30% Equity in Far East Thailand

Dashing Da announced on the evening of July 31 that the company plans to acquire 10% of the equity of Thailand Far East International Environmental Protection Co., Ltd. held by Jiteli Trading and 20% of the equity of Thailand Far East held by Far East Zhongqian in cash, with a total of 30% of the equity of Thailand Far East. The transaction consideration is 204 million Thai Baht, determined based on the book value of Thailand Far East's registered capital. At the same time, after the completion of this equity transfer, the shareholders of Thailand Far East intend to increase their capital by 670 million Thai Baht in proportion to their equity. Among them, the company plans to subscribe for 201 million Thai Baht of registered capital at a cost of 1 Thai Baht per registered capital, and after the capital increase is completed, it will still hold 30% of the equity of Thailand Far East. The total consideration for this investment in equity transfer and capital increase subscription amounts to 405 million Thai Baht (which will serve as the base for conversion into RMB).