Mena Transport Public Company Limited announced the establishment of a joint venture company name TD M Logistics Company Limited ("TDM") with Tawandang Logistics Company Limited ("TWD"), which is a company held by C.J. Express Group Company Limited 40.00%, TD Tawandang Company Limited 39.99% and Carabao Group Public Company Limited 20.00%, to distribute consumer goods and other products. The Company holds 35% of the registered capital and TWD holds 65% of the registered capital. The Company would like to inform that on March 27th, 2023, TDM has been established with Department of Business Development Ministry of Finance with a registered capital of THB 270,000,000 .

The Company has jointly invested by holding 35% of its shares, representing a total investment of THB 94.5 million . The Company already paid part of the share subscription by cash in the amount of THB 0.97 million. For the remaining share subscription of THB 93.53 million, the Company will pay by transferring the Company's trucks which have net book value as of December 31, 2022, in the amount of THB 93.53 million to TDM within 90 days from the date of incorporation of TDM.