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Company Response

27 Nov 2023

MBK Partners response

Tuesday, November 21, 2023 4:21 PM

[Redacted for personal information] We understand you are contemplating including in your weekly newsletter the article reported by Myanmar Now. We respect your decision on sharing the article, but feel that we should point out to you major inaccuracies in the article.

The article is factually misleading because Tasaki does not operate a joint venture in [Myanmar] with the junta. Tasaki’s subsidiary in Myanmar has a long-standing production license granted by Ministry of Natural Resources and Environmental Conservation under a PSC regime, which does not require any payment to the MPE.

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