BGRIM Moves Forward to Expand Portfolio in Vietnam with the Acquisition of Solar Rooftop ‘Lotuscom’

B.Grimm Power Public Company Limited (SET: BGRIM) would like to inform you that on 9 March 2023, Amata B.Grimm Vietnam Company Limited, a 51.2% subsidiary of B.Grimm Power, has acquired 100% of total issued shares of Lotuscom Limited Liability Company, incorporated under Laws of Socialist Republic of Vietnam, from Mr. Tran Viet Dung, who is not a connected person of B.Grimm Power, with the total investment of VND 4,800,000,000.

Lotuscom is an operator of solar rooftops in Vietnam. Lotuscom Limited Liability Company owns 100% in 1) Sustainable Growth Company Limited, and 2) BH Solar LLC Company Limited, which operate solar rooftop business and are incorporated under Laws of Socialist Republic of Vietnam. As a result, Lotuscom Limited Liability Company and its subsidiaries became B.Grimm Power’s subsidiaries.