TRIS Rating Affirms WHA Group’s Company Rating at “A-” with a “Stable” Outlook Reflecting Strong Financial Position and Sustained Growth, Driving a Sustainable Future under the Mission “WHA: WE SHAPE THE FUTURE

Bangkok – TRIS Rating affirms WHA Corporation Public Company Limited or WHA Group (“the Company”) company rating at “A-” with “stable” outlook, reflecting the Company's continued sustainable growth across its five business hubs - Logistics, Mobility, Industrial Development, Utilities and Power, and Digital Solutions.

Ms. Jareeporn Jarukornsakul, Chairman of the Executive Committee and Group CEO of WHA Corporation PCL., stated that TRIS Rating recently announced the Company rating of WHA Corporation at “A-”, with a ‘Stable’ outlook, reaffirming strong financial position, continuous sustainable growth, and ability to overcome challenges. Furthermore, this company rating demonstrates the Company’s financial discipline, effective liquidity and capital structure management, as well as its adaptability and prudent financial risk management. It also highlights the Company's ability to access funding through various sources, including the capital market, and financial institutions, supporting ongoing business expansion and future sustainable growth.

The Chairman of the Executive Committee and Group CEO added that the Company remains committed to driving its business in alignment with its core strategies and global megatrends. Supported by the ongoing relocation of manufacturing bases and investment flows into Southeast Asia, WHA Group continues to integrate innovation and advanced technology across all aspects of its operations. At the same time, the Company maintains a strong focus on sustainability to ensure a balance between economic, social, and environmental growth as well as continue to move forward under its strategic direction “WHA: WE SHAPE THE FUTURE”, reinforcing its mission to drive a truly stable and sustainable future for the nation.

Logistics Business delivers an exceptional growth driven by a strong demand in high-quality warehouse facilities from leading customers across multiple industries. The Company remains focused on expanding its domestic footprint, particularly in Bangkok, the surrounding metropolitan areas, Samut Prakan, and the Eastern Economic Corridor (EEC). In Vietnam, the Company is also expanding with focus on high-growth industries.

Mobility Business is actively building a comprehensive Built-to-Suit electric vehicle ecosystem. This includes EV Rental Service, Mobilix Software Solution, and EV Charging Solutions under Mobilix brand, all tailored to meet the surging demand in the commercial EV market which is driven by the transportation sector's critical push for Decarbonization – a significant long-term growth opportunity.

Industrial Development Business remains a key driver in supporting future industries and contributing to the country’s economic growth. The Company continues to reaffirm its position as a leader in the industrial estate sector in Thailand, capable of attracting significant foreign investors across various industries particularly in the data center, electronics and electrical appliances, and automotive sectors. This reflects both the Company’s strong potential and investors’ confidence in its capabilities to bring world-class corporations to invest in Thailand, in line with the country’s significant increase in foreign direct investment (FDI). At the same time, the Company remains focused on driving continuous business expansion in Vietnam.

Utility Business (Water) continues to explore new investment opportunities beyond the Group’s industrial estates with a strong focus on expanding value-added water products to meet the rising demand across various industrial sectors, particularly from data center operators. The Company is also expanding new water production and wastewater treatment plants in Vietnam, while developing innovative solutions that enhance environmental sustainability and support long-term growth.

Power Business is actively accelerating renewable energy development both within and beyond WHA’s industrial estates in Thailand and overseas. In addition, WHA is developing the RENEX platform to enable peer-to-peer clean energy trading and offering Renewable Energy Certificate (REC) services to support customers in achieving their sustainability goals. The Company is also well-positioned to meet the growing clean energy needs of data centers.

Digital Business is increasingly vital, enhancing the capabilities of all business groups through the strategic integration of technologies such as AI and IoT. Over 12 AI Transformation projects are underway, including the Drone Inspection Solution and IoX Platform for Solar. WHA is also continually developing the Mobilix Software Solution platform and the WHASApp application, which includes the CO2 ZERO feature for standardized carbon footprint reporting.

Furthermore, the Company will monetize assets to WHA Premium Growth Freehold & Leasehold Real Estate Investment Trust (WHART) in Q4 2025, as planned.

WHA Group is steadfastly pursuing its Net Zero goal by 2050. This commitment is underpinned by five core ESG missions: Green Mobility, Water Conservation, Decarbonization, Green Construction, and Waste Reduction by 3R, all guided by the philosophy of "Edible Green" – a belief that sustainability is not a cost, but a crucial investment for the future. WHA Group’s strong commitment to sustainable business practices has been recognized through numerous prestigious accolades, including being listed in the S&P Global Sustainability Yearbook for the third consecutive year, and achieving the Top 1% S&P Global CSA Score 2024 for the first time in the Real Estate Management & Development industry group. The Company has also been included in the THAIPAT ESG100 list for 2025 for the third consecutive year, reaffirming its leadership in sustainability excellence.

Despite a challenging first half, WHA Group successfully turned challenge into opportunity, creating substantial value for our investors, customers, and Thai economy. This achievement reflects our deep expertise in business management and our unwavering commitment to leveraging innovation to develop comprehensive solutions that attract and support the industries of the future — all under our guiding mission: “WHA: WE SHAPE THE FUTURE.”