W Management Limited agreed to acquire 60% stake in Star Shenton Energy Pty Ltd. from Star Universal Network Public Company Limited (SET:STAR) for THB 17.7 million on November 17, 2021. W Management will acquire 54,459,460 shares of Star Shenton Energy at THB 3.86 per share in cash. The consideration includes the debt between star and Shenton (cancel the debt that Shenton has with Star amount as of November 16, 2021 of AUD 0.284304 million (approximately THB 6.854412 million)). For the year ending on September 30, 2021, Star Shenton Energy reported total assets of THB 221.824 million and Total shareholders equity of THB 48.603 million. The transaction is subject to Star Universal Network Public shareholders approval. The transaction is expected to close in March 2022. Star Universal Network Public will use the proceed from the disposal as working capital to enhance the Company's liquidity and for benefits in business operations that has the potential to generate income and profits. Star Universal Network Public Company Limited would like to inform you that the Star Shenton Energy Pty Ltd. has been approved by the Extraordinary General Meeting of Shareholders on December 29, 2021

W Management Limited completed the acquisition of 60% stake in Star Shenton Energy Pty Ltd. from Star Universal Network Public Company Limited (SET:STAR) on March 16, 2022.