Thai reinsurer THRE is restructuring into a holding company, THREH. Its 1:1 share exchange offer runs 23 Sep to 20 Nov 2026 (40 business days), and the offer will not be extended. THRE shares are expected to be delisted when THREH lists around year-end. Holders who do not tender may face thinner trading and may lose some returns and tax benefits. Only relevant if you hold THRE shares: decide and submit through Finansia Syrus Securities before the deadline. For other businesses, this is background only.