WHA Group showcases leadership in Sustainability-Linked Debenture Issuance with 3 times over subscription emphasizing the commitment to building a sustainable growth in line with its new campaign WHA: WE SHAPE THE FUTURE

Bangkok - WHA Group has received outstanding demand from institutional investors and High-Net-Worth investors in its Sustainability-Linked Debenture No.2/2023 with total offering of Baht 1,000 million. This successful offering demonstrates WHA Group's leadership and the solid confidence of investors reaffirming the Company's strong business capabilities, robust financial structure, and definite sustainable business expansion plans. This Sustainability-Linked Debenture is marked as The First sustainable-linked debenture issuance of Logistics, Industrial Estates, Utilities, and Power sectors.

Chairman of the Executive Committee and Group CEO, Ms. Jareeporn Jarukornsakul, is confident in achieving the business goals set for the year 2023 and has unveiled a strategic plan for continuous and sustainable growth. This strategy focuses on expanding both domestically and internationally along with developing new solutions to strengthen the organization. Additionally, it aims to create new opportunities for communities, society, and the country. For Logistics business, there will be continuous launches of new projects with a focus on high-growth industries as well as a commitment to Green Logistics. For Industrial Development business, WHA Group continues to maintain its leadership position and accelerate the development of industrial estates to support foreign investments. For Utilities business, the Company aims to increase value-added water products together with expanding service areas, while Power business is poised for further expansion, utilizing innovation and sustainability concept in its operations. Digital business remains a spearhead in digital transformation, enhancing business capabilities, and striving to become a Technology Company by 2024. Furthermore, the asset monetization to WHA Premium Growth Freehold & Leasehold Real Estate Investment Trust (“WHART”) will be in Q4 2023 as planned.

Ms. Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group CEO of WHA Corporation Public Company (WHA Group), reveals that the Company Sustainability-Linked Debenture Issuance No. 2/2023 with total size of Baht 1,000 million, offering during 10 – 11 October 2023 via UOB Bank as the underwriter, has received strong demand of Institutional Investors and HNW with 3 times over subscription reflecting Investors’ confidence in WHA Group. There are 2 tranches of debentures: the first with 3-year term matured in 2026 amounting Baht 650 million; and the second with 5-year term matured in 2028 amounting Baht 350 million. The fixed interest rates for 2 debentures tranches are 3.69% and 4.08%, respectively. In addition, the Company has set up the 2 KPIs for the debentures including Scope 1 and Scope 2 GHG Emission Intensity Reduction and decrease in raw water consumption and reliance from natural sources by increasing reclamation water production, in alignment with WHA's campaign of "WHA: WE SHAPE THE FUTURE" which is committed to sustainable growth in conjunction with environmental and social responsibility to contribute to the overall sustainable development of the country. With the proceeds from the issuance, the Company shall repay existing debt, and/or utilize for working capital to support its business operations.

Ms. Jareeporn Jarukornsakul added that due to the outstanding performance in the first half of 2023, reflecting the continuous growth of all four business hubs - Logistics, Industrial Estates, Utilities & Power, and Digital, the Company has recently increased 2023 year-end targets from those set earlier this year and announced a new campaign, "WHA: WE SHAPE THE FUTURE." This campaign is driven by the potential of the comprehensive and robust ECO System of all four business hubs, aiming to create value and sustainable growth for the Company and all stakeholders. The Company is also focused on developing new solutions to create opportunities, strengthen its competitive edge, and propel Thailand to become "The World's Best Investment Destination" for international investors. driving Thailand forward with economic efficiency and sustainability.

Logistics Business – continues to pursue its expansion in Thailand while seeking new opportunities in Vietnam, with focus on high-growth industries such as EV, e-Commerce and new S-curve businesses, long-term partnerships and implementation of digital innovations and sustainable practices across all operations.

The Company also focuses on Green Logistics which involves managing logistics activities in an environmentally friendly manner. This concept aims to enhance operational efficiency, reduce logistics costs in the long term, and take into consideration the environmental and natural impact simultaneously.

Office Solutions Business - continues to expand office building projects in prime locations of Bangkok, currently accounting for 5 projects with a total area of over 120,000 sq.m. The business unit is also venturing into new types of commercial property.

Industrial Development Business - extends leadership in Thailand and broaden national presence in Vietnam, while enlarging its product offering with advanced Smart-Eco Industrial Estates and high-value industrial projects.

Utilities & Power Businesses – Utility Business - continues to grow along with the Group’s industrial estates, to expand products and solutions focusing on value-added water products, as well as seeks to capture opportunities outside WHA’s industrial estates.

Power Business - aims to enlarge its portfolio in Thailand, expand in Vietnam and explore new oversea markets, and continue to implement innovative and sustainable practices while seeking new opportunities in new S-Curve businesses such as Battery Energy Storage Systems (BESS), Green Hydrogen, Carbon Trading and Carbon Capture Utilization and Storage (CCUS).

Digital Business - continues to lead digital transformation initiatives within WHA Group, empowering business operations of all business units to achieve strong growth, as well as seeking new partners in the technology sector. In addition, WHA Digital collaborates with other 3 business hubs of WHA Group to create new value-added products and services driven by technologies, such as improvement of digital health tech solution “WHAbit” which has already launched the pilot project for internal use.

Moreover, the Company will monetize assets to WHA Premium Growth Freehold & Leasehold Real Estate Investment Trust (WHART) in Q4 2023, as planned.

With the overall economic trend anticipating positive direction in the second half of the year, we are confident that we will be able to achieve our 2023 year-end business targets. Meanwhile, we will continue to strengthen our capacity across key business dimensions to become a Technology Company in 2024 as well as move forward with WHA: WE SHAPE THE FUTURE campaign to be a part of creating a stable and sustainable future for people, the society and Thailand, in line with WHA Group's business direction to become “The Ultimate Solution for Sustainable Growth”.