KEX Express (Thailand) Public Company Limited Receives Tender Offer from SF International Holding (Thailand) Company Limited

The Stock Exchange of Thailand has announced that KEX Express (Thailand) Public Company Limited (the "Company") has received a tender offer from SF International Holding (Thailand) Company Limited, an offer that has undergone two amendments since its initial submission on July 18, 2025. The Company has prepared an opinion regarding the tender offer, dated July 29, 2025, and has submitted multiple amendments to the Securities and Exchange Commission, the Stock Exchange of Thailand, and shareholders. The latest amendment to the opinion, dated September 10, 2025, includes the independent financial advisor's opinion on the tender offer.

Key Takeaways:

• On July 18, 2025, SF International Holding (Thailand) Company Limited submitted a tender offer for the securities of KEX Express (Thailand) Public Company Limited.
• The offer underwent two amendments: Amendment No. 1 on August 5, 2025, and Amendment No. 2 on September 2, 2025.
• Capital Advantage Company Limited was appointed as the independent financial advisor to provide an opinion on the tender offer.
• The Company received Capital Advantage Company Limited's opinion on September 10, 2025.
• The Company has submitted multiple documents to the Securities and Exchange Commission, the Stock Exchange of Thailand, and shareholders, including the original tender offer and two amendments.
• The tender offer has undergone significant changes since its initial submission.

Statistics:

• The tender offer was submitted on July 18, 2025.
• The first amendment (Amendment No. 1) was submitted on August 5, 2025.
• The second amendment (Amendment No. 2) was submitted on September 2, 2025.
• The latest opinion (Amended No. 2) was dated September 10, 2025.
• The Company has received multiple submissions from SF International Holding (Thailand) Company Limited regarding the tender offer.

Sources:

• Company Announcement from the Stock Exchange of Thailand on July 18, 2025 (Form 247-4)
• Amendment No. 1 from SF International Holding (Thailand) Company Limited dated August 5, 2025 (Form 247-4)
• Amendment No. 2 from SF International Holding (Thailand) Company Limited dated September 2, 2025 (Form 247-4)
• Opinion of the Company regarding the Tender Offer (Form 250-2) dated July 29, 2025
• Amendment No. 1 to the Opinion of the Company regarding the Tender Offer (Form 250-2) dated September 10, 2025
• Amendment No. 2 to the Opinion of the Company regarding the Tender Offer (Form 250-2) dated September 10, 2025