09-Oct-2026 18:48:56

CLEANMAXAcquisition and merger

CLEANMAX: THAILAND STEP-DOWN SUBSIDIARIES ACQUIRE 100% SHARE CAPITAL OF MASSMUNCH

• Cleanmax Energy (Thailand) and Cleanmax IHQ (Thailand), both step-down subsidiaries, entered into a Share Purchase Agreement on 9 October 2026 to acquire 100% share capital of Massmunch Company Limited • Post-acquisition, Cleanmax Energy will hold 99.99% and Cleanmax IHQ will hold 0.01%; Massmunch will become a step-down wholly owned subsidiary • Transaction is for an enterprise value of Thai Baht 1,250,000 against cash consideration, with completion expected by 31 October 2026 • Massmunch was incorporated in Thailand on 27 March 2025 for renewable energy generation; net worth was Thai Baht 1,213,300 as of 31 December 2025 and turnover was nil • Acquisition aims to enable growth and further development of the company's solar renewable energy capacity in Thailand

Clean Max Enviro Energy Solutions Ltd

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