1. Name and Nature of the Target: Equity in Thai subsidiary World Gym (Thailand) Co., Ltd
2. Date of Occurrence: April 10, 2026 - June 3, 2026
3. Date of Board Resolution: June 3, 2026
4. Other Resolution Dates: Not applicable
5. Transaction Quantity, Price per Unit, and Total Amount: Par value of 100 THB per share, authorized capital of 300,000,000 THB, total of 3,000,000 shares
6. Counterparty and Relationship: Subsidiary of the company
7. Reasons if Counterparty is a Related Party: Not applicable
8. Ownership History in Last 5 Years: Not applicable
9. Matters Regarding Disposal of Credits: Not applicable
10. Gains or Losses on Disposal: Not applicable
11. Payment Terms, Contractual Limitations, and Other Important Provisions: Authorized capital of 300,000,000 THB, to be funded incrementally.
12. Basis for Transaction Decision: Board of Directors, based on par value
13. Net Asset Value per Share of Target: Not applicable
14. Cumulative Holdings: 3,000,000 shares, 100% ownership
15. Status of Investment as per Article 3 of Regulations: Proportion of assets: 3.33%, Proportion of parent company equity: 22.94%, Working capital: -4,407,421 thousand THB Strategy for market expansion in Thailand, expected to increase revenue.
16. Broker and Fees: None
17. Purpose of Acquisition: Investment in subsidiary
18. Dissenting Opinion from Directors: None
19. Related Party Transaction: Yes
20. Date of Audit Committee Approval: June 3, 2026
21-24. Accountant Details: Not applicable
25. Change in Business Model: No
26-27. Business Model Change Details: Not applicable
28. Source of Funds: Self-owned funds
29. Date of Previous Disclosure of Major Information: Not applicable
30. Other Matters: None
FACT BOX
- Source: PR Times
- Category: News
- Organizations: World Gym (Thailand) Co., Ltd
- Products / services: World Gym