March 21, 2019

Subject: The capital increases of Seafresh Farm Co., LTD. (as CFRESH’s Subsidiary)
To: President The Stock Exchange of Thailand

Seafresh Industry Public Co., LTD. (“CFRESH”) would like to notify the resolutions passed by
the Board of Directors Meeting No.3/2019 March 21, 2019 to the Stock Exchange of Thailand
regarding the capital increase of Seafresh Farm Co., Ltd. (“SFF”) as a subsidiary of CFRESH which is
the following transactions.

1. Transaction Date
The Board of Directors’ meeting of the company approved to increase the registered
capital of SFF on March 21, 2019.

2. The parties involved and relationship with the company

CFRESH will increase the registered capital of the Seafresh Farm Co., Ltd. as CFRESH’s
subsidiary holds 100 percent of the total shares which established on May 17, 2018. The
objectives of SFF’s increasing capital are to repay loan and buy assets for operation from
CFRESH including to be working capital.

3. The general characteristics of the transaction

CFRESH will increase registered capital of SFF (CFRESH’s subsidiary) of 300,000,000 baht
by issuing 60,000,000 shares with the par value of 5 baht.

Details of increase registered

Detail Before the capital Changing After the capital

increase increase
Capital Registration (Baht) 30,000,000 300,000,000 330,000,000
Stock value (Baht per share) 5 5 5
Common stock (Share) 6,000,000 60,000,000 66,000,000

Shareholders’ structure of SFF Unit: No. of shares

Shareholder Before the After the capital Changing

capital increase increase
CFRESH 5,999,997 65,999,997 60,000,000
Mr. Narit Chia-Apar 1 1 1
Mrs. Tassanee Youngmeevithya 1 1 1
Mr. Chintat Chia-Apar 1 1 1

Detail of SFF (after the capital increase)

Registered capital and Paid-up capital 330,000,000 Baht
Divided into 66,000,000 ordinary shares at the par value of 5 baht per share
 SFF’s Board of Directors
1) Mr. Narit Chia-Apar
2) Mrs. Tassanee Youngmeevithya
The investment above is not considered to be a connected transaction, and the size of
the transaction is not under the Notification of the Capital Market Supervisory Board No.
Tor Jor. 20/2551.
4. Details of assets
Types of Business
SFF is CFRESH’s subsidiary which the company holds 100% of total shares. SFF was
established on May17, 2018 to operate in aquaculture business.
5. Total consideration value
CFRESH will increase registered capital of SFF (CFRESH’s subsidiary) of 300,000,000 baht
by issuing 60,000,000 shares with the par value of 5 baht.
6. The criteria for determining the consideration value
Par value is 5 baht per share.
7. Expected benefits from the transaction
Aquaculture for sourcing raw material to the company.
8. Source of fund
The source of fund for increasing capital would come from CFRESH’s working capital and
bank loan.
9. Opinion of directors regarding the transaction
The directors of the Company considered that the transaction was appropriate to
aquaculture for sourcing raw material to the company.
10. Any opinions of the audit committee and/or directors that are different from the opinion
in the above item
None.

Please be informed accordingly

Respectfully yours,

Mrs. Tassanee Youngmeevithya

Director