SET requests to clarify news or information


Subject (Update)                         : Clarification in response to the 
Stock Exchange's inquiry and regarding TPL-W1 (Revised)
Description (Update)                     :
Thai Parcel Public Company Limited (the "Company") convened the Extraordinary 
General Meeting of Shareholders No. 1/2025 on September 4, 2025 (the
"Shareholders' Meeting"). At the Shareholders' Meeting, the Company informed the
shareholders regarding the expected schedule for the allocation of 230,000,000
newly issued ordinary shares by way of Private Placement (the "PP Shares") to
Mr. Pachara Panyayong (the "PP Investor"), which was anticipated to take place
during September 5-14, 2025. The Company has, however, been notified by the PP
Investor of his request to postpone the payment for the subscription of the
newly issued ordinary shares under the Private Placement to a period following
the allocation of newly issued ordinary shares to the existing shareholders in
proportion to their shareholding.
	The PP Investor acknowledges that he shall not be entitled to the waiver from 
the obligation to make a mandatory tender offer for all securities of the
Company (Whitewash), as previously approved by the Shareholders' Meeting, due to
the postponement of the payment for the subscription of the newly issued
shares.
	Nevertheless, the PP Investor has informed the Company that he still intends to
subscribe for and receive the allocation of the PP Shares under the Share
Subscription Agreement between the Company and the PP Investor. In the event
that the acquisition of such PP Shares results in the PP Investor being
obligated to make a mandatory tender offer for all securities of the Company,
the PP Investor has duly acknowledged and accepted such obligation and will
fully comply with all applicable rules and regulations.
The PP Investor has notified the Company of his request to postpone the 
subscription of the PP Shares. to a period after September 19, 2025 until
December 3, 2025. That is, following the completion of the allocation of the
newly issued ordinary shares by way of Rights Offering ("RO Shares"). In this
regard, if the PP Investor does not subscribe for the PP Shares within 3 months
from the date on which the Shareholders' Meeting resolved to approve the
allocation of the PP Shares, the Company will no longer be able to allocate such
PP Shares to the PP Investor. The Company would then need to consider
alternative sources of funding for the investment in First Transport Co., Ltd.
("FT"), such as borrowing from financial institutions. Nevertheless, the Company
views the risk of the PP Investor not subscribing for the PP Shares as low,
given that the PP Investor has already entered into the Share Subscription
Agreement with the Company, which constitutes a legally binding agreement and
reflects the PP Investor's clear and firm intention to invest in the PP Shares.
However, in the event that the PP Investor fails to subscribe for the PP Shares
and such failure causes damage to the Company, the Company shall be entitled to
claim compensation for such damages under the Share Subscription Agreement.
The postponement of the subscription of the PP Shares as requested by the PP 
Investor will not affect the payment conditions for the investment in FT, as the
Company and the shareholders of FT have agreed to amend the payment schedule
for the investment in FT, whereby the first installment shall be in the amount
of THB 209.00 million. The first installment was paid on September 12, 2025,
which was the completion date of the transaction, using the proceeds received
from the IPO. and the second installment in the amount of THB 570.78 million,
which shall be paid within 3 months from the completion date of the transaction.
The Company expects to use the proceeds from the issuance and offering of the
RO Shares and the PP Shares for the payment. Furthermore, even though the PP
Investor's subscription for the PP Shares occurs after the allocation of the RO
Shares, the Company believes that such postponement will not affect the
subscription for the RO Shares in any way. This is because the allocation of the
RO Shares and the allocation of the PP Shares are separate processes and are
not conditional upon each other. The Company can continue to raise funds in
accordance with the resolution of the Shareholders' Meeting, and such
fundraising will continue to provide the maximum benefit to the Company and its
shareholders in connection with the acquisition of the business of FT. Even if
the PP Investor does not subscribe for the PP Shares, the Company has considered
and concluded that it will not affect the allocation of the RO Shares, which is
part of the fundraising for the investment in FT, as the Company can still
secure alternative sources of funds for the investment, such as borrowing from
financial institutions.
In addition, as the Company will issue warrants to purchase newly issued 
ordinary shares of Thai Parcel Public Company Limited (Series 1) ("TPL-W1") to
the existing shareholders who subscribe for and are allocated the RO Shares,
Under the regulations of the Stock Exchange of Thailand regarding the listing,
disclosure, and delisting of securities on the Market for Alternative Investment
(MAI) B.E. 2563, there is no minimum number of warrant holders required as a
condition for the application to list warrants as listed securities. Therefore,
regardless of the number of TPL-W1 warrant holders, the Company will still issue
TPL-W1 warrants to the shareholders who subscribe for and are allocated the RO
Shares and will apply to list TPL-W1 warrants as listed securities.


                         Signature ___________________________
                                    ( Mr. Chaipipat Kaewtrirat )
                                     Chief Executive Officer
                         Authorized to sign on behalf of the company

______________________________________________________________________

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