The Board of Directors of Radiant Globaltech wishes to announce that the Company had on 8 January 2020 entered into a Shareholders Agreement with Simat, Phenpuk Chintanapat, Thammanoon Korkiatwanich and Thanapoom Khetraksa to jointly form a new company in Thailand as the Special Purpose Vehicle to undertake the business of sale of computer hardware, software, network equipment, development of information technology solutions and maintenance services in Thailand.

Please refer to the attachment for further information.

This announcement is dated 8 January 2020.