SET requests to clarify news or information


Subject                                  : Clarification of news or information 
requested by SET
Description                              :
As the Stock Exchange of Thailand ("SET") has issued a letter to X Bioscience 
Public Company Limited ("the Company") concerning the auditor's observations on
the financial statements for the first quarter of 2026, SET has requested the
Company to provide additional clarification and disclose the information through
 the SET system by June 16, 2026, as follows:
1.	Material Uncertainty Regarding Going Concern
                     The Company wishes to clarify that the auditor raised 
concerns about material uncertainty regarding the Company's ability to continue
as a going concern. This stems from the overall business situation, including
the reduction of operating branches without opening new ones to replace them,
resulting in accumulated losses and liquidity issues. In response, the Company
has implemented measures to strengthen the performance of its core branches and
prepared a financial rehabilitation plan, which includes:
-	Capital increase to enhance liquidity
-	Debt restructuring with external creditors
-	Development of new projects expected to generate revenue, such as the 
acquisition of a Japanese omakase restaurant business

2.	Advance Payment for Land and Buildings in Nonthaburi Province
                    The Company wishes to clarify that the advance payment of 
THB 10 million was made under preliminary conditions to assess the feasibility
of acquiring land and buildings in Nonthaburi Province. The purpose was to
establish a central facility for raw material management, warehousing, and
distribution systems for the Company's restaurant group, as part of its supply
chain management strategy to improve efficiency and reduce long-term operating
costs. However, the Company has reconsidered the project, taking into account
economic conditions, financial liquidity, investment suitability, and the best
interests of the Company and its shareholders. At present, the Company is
proceeding in accordance with the rights and conditions stipulated in the
relevant contract concerning the THB 10 million advance payment, and will act
prudently to safeguard the Company's interests, while providing updates to
shareholders and investors as appropriate.

3.	Significant Increase in Net Loss
                     The Company wishes to clarify that in Q1/2026, it recorded 
a net loss of THB 336 million, representing an increase of 437% compared to the
same period of the previous year. The primary reason was a rise in
administrative expenses of THB 316 million, or 774%, resulting from business
restructuring and branch reduction from 14 branches to only 4 core branches at
the end of the quarter. The higher losses and administrative expenses were
mainly due to impairment recognition of assets related to past investments,
which were assessed to have declined in value in line with market conditions and
changes in operating performance. Despite the reduction in branches, the
Company remains committed to maintaining its customer base and brand presence in
the food business sector. The remaining branches continue to operate to build
customer confidence and preserve the Company's market image. The Company
believes that business restructuring and strict cost management will mitigate
the impact of expenses and support the long-term stability of its operations.
This clarification is respectfully submitted for your information.
Yours sincerely


                         Signature ___________________________
                                    ( Miss Saowanee Khaoubol )
                                    Acting Chief Executive Officer
                         Authorized to sign on behalf of the company

______________________________________________________________________

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