KPN Group (‘KPN’), a leading Thailand based conglomerate, has signed the purchase for the entire stake in Renewable Energy Corporation Co., Ltd. (‘REC’), the majority shareholder of Wind Energy Holding Co., Ltd. (‘WEH’), one of Thailand’s and Southeast Asia’s leading renewable energy companies. The current management team of WEH, with strong support from KPN, has also invested alongside KPN and taken a minority stake in REC. REC will be renamed KPN Energy Company Limited. Following this transaction, the founding shareholder of REC and WEH, Nopporn Suppipat, has no shareholding or involvement in REC or WEH.