Rengo Co., Ltd. announces that its joint venture in Thailand, Thai Containers Group Co., Ltd. (hereinafter, "TCG"), has entered into a conditional share purchase agreement to acquire 60% of the shares in Indonesian corrugated packaging manufacturer PT Prokemas Adhikari Kreasi (commonly known as Mypak, hereinafter, "Mypak") through TCG Solutions Pte. Ltd., TCG's subsidiary, by the end of 2025.
Mypak is a leading corrugated packaging manufacturer with one corrugated packaging factory located in Bekasi Regency in the western part of Java Island.
The Rengo Group has four corrugated packaging factories owned by PT Surya Rengo Containers, a joint venture with PT Indofood CBP Sukses Makmur Tbk, a major food company, and seven corrugated packaging factories through TCG in Indonesia. Through the acquisition of shares this time, the Group will have 12 corrugated packaging factories in total.
The business in Southeast Asia, including that of Indonesia, has been positioned as an important strategic focus for the overseas operations of the Rengo Group as the General Packaging Industry (GPI), and we will continue to drive further enhancement of our business in the future.

Overview of Thai Containers Group Co., Ltd.

Address	1 Siam Cement Rd., Bangsue, Bangkok 10800, Thailand
Shareholders	Rengo Co., Ltd. 30% SCG Packaging Public Company Limited 70%
Main business	Manufacturing and sales of corrugated packaging and folding cartons, and flexible packaging

Overview of Mypak (PT Prokemas Adhikari Kreasi)

Address	Jl. Raya Fatahillah No.106, Kalijaya, Kecamatan Cikarang Barat, Kabupaten Bekasi, Jawa Barat 17530, Indonesia
Shareholders	TCG Solutions Pte. Ltd. 60% Siam Kraft Industry Co., Ltd. 40%
Main business	Manufacturing and sales of corrugated packaging