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Shareholders Give TPL the Green Light for “Project Synergy Move” – Expanding Into an Integrated Transport Network of More Than 1,500 Vehicles

Thai Parcel Public Company Limited (TPL) reported the resolution of the Board of Directors’ Meeting No. 7/2025 held on June 7, 2025, to the Stock Exchange of Thailand. The meeting resolved to approve the adjustment of key details in the strategic investment plan under the “Project Synergy Move,” which involves investing in First Transport Co., Ltd. (FT) and Chalermpat Corporation Co., Ltd. (CPC). This aims to elevate the business from a parcel delivery provider to a comprehensive transport and mobility platform. The resolutions were unanimously approved, paving the way for Thai Parcel Public Company Limited to expand its business and strengthen its position as a leader in integrated logistics in Thailand. The shareholders’ meeting approved several important matters, including the acquisition of 100% of shares in First Transport Co., Ltd. (FT), a provider of buses and vans for tourism and domestic travel, to expand into passenger transport services in the tourism industry, which has high potential in the future. The acquisition of 100% of shares in Chalermpat Corporation Co., Ltd. (CPC), which operates passenger transportation businesses including industrial employee transport and interprovincial buses, to enhance service capabilities and generate stable long-term income. The issuance and allocation of new ordinary shares through both Private Placement and Rights Offering to existing shareholders, as well as the issuance of warrants TPL-W1 and TPL-W2. The request for a waiver from making a mandatory tender offer for all securities of the company (Whitewash) to support the new shareholding structure after the acquisitions and capital increase. Mr. Chaipipat Kaewtrirat, Chief Executive Officer, said, “The direction of business investment in FT and CPC represents a significant expansion that allows the company to advance toward becoming an Integrated Logistics Hub covering both goods transportation and passenger transport. This will help diversify revenue, reduce risks from competition in the parcel delivery market, and increase the company’s ability to generate stable returns.