The Board of Directors of Takaso Resources Berhad ("TRB" or "the “Company") wishes to announce that the Company has on 2 October 2015 accepted a conditional Letter of Intent dated 22 September 2015 (“LOI”) from Lay Hong Berhad (“LHB” or “the Purchaser”) to consider acquiring 200,000 ordinary shares of THB 100 each in Takaso SC (Thailand) Limited (“TSC”) (the “Shares”), being 100% of the issued and paid-up share capital of TSC, from the Company (hereinafter referred to as the “Proposed Transaction”).