SABUY is preparing to increase its stake in AIT, acquiring a major share of 21.1% in Thailand's leading IT business for 400 million baht, while also expanding its outsourcing labor supply business to support the booming industrial economy.

Sabuy Technology Public Company Limited (SABUY) is aggressively expanding its business. The board has approved the purchase of an additional 6.26% stake in AIT, bringing its total ownership to 21.1%. AIT has reported a significant profit growth of 556 million baht over six months, along with a substantial backlog of high-quality projects. Additionally, SABUY is acquiring a major provincial leasing company to expand its loan portfolio nationwide.

Mr. Chookiat Rujanapornpajee, CEO of Sabuy Technology Public Company Limited (SABUY), revealed that during the 19th board meeting on November 1, 2022, the board made several important decisions: 1) To invest in up to 83,333,300 common shares, representing 6.26% of Advanced Information Technology Public Company Limited (AIT), through trading on the Main Board with a budget not exceeding 500 million baht. After this investment, SABUY will become a major shareholder in AIT with a 21.1% stake. AIT is a leader in designing comprehensive network and communication systems (System Integrator or SI) for both public and private sectors, offering a full range of services from consulting, project planning, system design, implementation, installation, training, to maintenance. This aligns well with SABUY's Enterprise & Life business core and has shown outstanding growth, with revenues of 7,035 million baht and a net profit of 527 million baht in 2021. 2) Approval for Sabuy Capital Plus Company Limited (SBCAP) to invest in common shares of Love Leasing Company Limited (LoveLeasing) for up to 1,540,000 shares, representing 100% of all shares in LoveLeasing, from the existing shareholders. This aims to strengthen the Financial Inclusion business core, as LoveLeasing provides electrical appliances through installment payments, ensuring customers can access essential products and services for a more convenient life. LoveLeasing focuses on markets in the northern, northeastern, and western regions of the country, currently operating 20 branches. SBCAP will pay a compensation of no more than 400 million baht to the existing shareholders of LoveLeasing.

SBCAP will receive the transfer of all common shares of LoveLeasing in November 2022. 3) To further expand its outsourcing business, SABUY has approved an investment in up to 8,000 common shares, or 80%, with an investment budget of 29.5 million baht in S.K. Human Resources Service Company Limited (SKH) from Ms. Kanya Watthanakul, the current shareholder of SKH, which will further enhance SABUY's Enterprise & Life business core. SKH primarily provides labor supply services in the eastern region, and SABUY will pay a compensation of no more than 29,556,940.29 baht to the existing shareholders of SKH.

Additionally, the board has approved the sale of common shares in Plus Tech Innovation Public Company Limited (PTECH) for up to 1,343,497 shares, or 0.55% of all shares in PTECH, to Ms. Kanya Watthanakul, with SABUY receiving cash payment.

SABUY has also planned investments to establish a training center for its personnel and partners, which can also serve as an institution to help develop SMEs, a crucial customer base. Furthermore, SABUY aims to develop a new generation of teams by seeking and providing opportunities for fresh graduates from leading educational institutions both domestically and internationally to join SABUYVERSE. All of these are part of the strategic plan for 2022, aiming for significant organizational growth within this year,” Mr. Chookiat concluded.

About Sabuy Technology Public Company Limited

Sabuy Technology Public Company Limited is a Thai technology company that creates a comprehensive business platform by connecting technology across all dimensions, enabling consumers to transcend the limits of their potential and diverse lifestyles, whether in health, wealth, work, recreation, or understanding individual needs, through six main business groups:

1. Payments and Wallet - Electronic payment and financial system services
2. Enterprise & Life - Services for organizations and lifestyles with consumer understanding
3. Connext - Distribution channels and connections to reach all customer groups
4. Financial Inclusion - Loan and insurance services
5. InnoTainment - Media innovation, digital media, and networks
6. Venture - Investment business to support sustainable growth