“Lightnet” cancels purchase of additional shares in PP SABUY, insists on continuing business cooperation

“Lightnet” cancels purchase of additional PP shares after the price of “SABUY shares” continues to fall. Confirming that there will continue to be good business cooperation together, SABUY reveals that it will continue to look for partners for investment.

June 19, 2567 Sabai Technology Public Company Limited (SABUY) Informing the Stock Exchange of Thailand that on June 18, 2567, the Company was informed by a limited number of persons, namely Lightnet Pte. Ltd. (Lightnet) and Mr. Anonchai Veeraprawat, including Hiwell Global Co., Ltd., that The said private placement intends to cancel the investment according to the original capital increase plan. Due to the fluctuation of market conditions, which results in the Company's stock price has continuously decreased in the past period and affects the appropriateness of the price for investing in the relevant securities of each private placement.

The Board of Directors' meeting on June 18, 2567 resolved to approve the cancellation of the transaction according to the original capital increase plan. Including canceling the Extraordinary General Meeting of Shareholders No. 1/2567 on 24 June 2567.

Previously, the Board of Directors It was resolved to hold an Extraordinary General Meeting of Shareholders No. 1/2567 on June 24, 2567 to consider approving the issuance and offering of additional common shares totaling 1,300 million shares at an offering price of 2.30 baht per share and Warrants to purchase additional common shares of the Company, No. 3 (SABUY-W3), No. 4 (SABUY-W4), and No. 5 (SABUY-W5), totaling 1,210 million units, given to a limited number of persons. and consider and approve the request for a waiver from making a tender offer for all securities of the business by virtue of the resolution of the shareholder meeting (Whitewash), including other related agendas.

However, due to the current market conditions being volatile, which results in the Company's stock price has decreased continuously in the past period and significantly affects the appropriateness of the price for the offering of new ordinary shares to a limited number of persons as previously specified, andIn the past, the company and limited persons have discussed together the possibility of entering into the transaction according to the original capital increase plan in order for the Company Able to move forward with the original capital increase plan

however Both the Company and Lightnet continue to have good business cooperation. Due to Lightnet Still seeing the potential of SABUY's business and ecosystem and intending to support SABUY to quickly return to strength. In addition, the company continues to search for potential partners to invest in the company.

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