On June 17, 2024, Cornerstone Tec announced that it had signed a non-binding list of terms with a potential investor who plans to make a large-scale potential investment in Cornerstone Tec's electric vehicle charging business in Thailand. This move aims to support the overseas expansion of the company’s electric vehicle charging business. The specific scale, terms, and structure of the potential investment are still under discussion and will be announced to the public after the details are confirmed. The potential investor has begun due diligence and is expected to complete the evaluation and reach a deal by the end of August 2024. Prior to this, Cornerstone Tec had signed a long-term business cooperation memorandum of understanding with Bangchak...Show More

On June 17, 2024, Cornerstone Tec announced that it had signed a non-binding list of terms with a potential investor who plans to make a large-scale potential investment in Cornerstone Tec's electric vehicle charging business in Thailand. This move aims to support the overseas expansion of the company’s electric vehicle charging business. The specific scale, terms, and structure of the potential investment are still under discussion and will be announced to the public after the details are confirmed. The potential investor has begun due diligence and is expected to complete the evaluation and reach a deal by the end of August 2024. Prior to this, Cornerstone Tec had signed a long-term business cooperation memorandum of understanding with Bangchak Corporation Public Company Limited, planning to establish a nationwide network of electric vehicle charging stations under Bangchak petrol stations. The funds raised from the potential investment will mainly be used to support the first and second phases of projects cooperating with Bangchak, which is expected to involve 1000 charging station sites. The company reminds shareholders and potential investors to handle the company's securities carefully and pay attention to subsequent announcements.