AddTech Hub Public : Report of the Utilization of Capital Increase from Initial Public Offering (IPO)

No. ADD 24/2022

7 July 2022

Subject: Report of the Utilization of Capital Increase from Initial Public Offering (IPO)

To: President

The Stock Exchange of Thailand

As AddTech Hub Public Company Limited (the "Company") issued new shares for capital increase by Initial Public Offering ("IPO") on 12-14 May 2021, for 40 million shares at the price of Baht 11 per share, the Company received proceeds from IPO in the total net amount of Baht 426.48 million after deducting underwriting commission and expenses in connection with the offering. In addition, according to the 2022 Annual General Meeting of Shareholders held on 12 April 2022, it was resolved to approve the change in the objectives of the utilization of the remaining capital increase of Baht 336.78 million as of 31 December 2021 from the original objective of the utilization for the whole amount as operational working capital to be as follows:

	Objective of spending	IPO Proceeds (Million Baht)	Estimated time spent
1.	Operational working capital	186.78	2021 - 2023
2.	Investments in other businesses	150.00	2022 - 2024
	Total	336.78

The Company would like to report the utilization of capital increase from IPO as of 30 June 2022 as

follows:

					(Unit: Million Baht)
		IPO	Remaining capital	Amount spent during	Outstanding
	Objective of spending	increase as of	1 January 2022 to	balance as of
	Proceeds
		31 December 2021	30 June 2022	30 June 2022
1.	Operational working capital	426.48	186.78	63.37	123.41
2.	Investments in other businesses	-	150.00	-	150.00
	Total	426.48	336.78	63.37	273.41

Please be informed accordingly.

Sincerely yours,

- Chawan Boonprakobsap -

( Mr. Chawan Boonprakobsap )

Director and Chief Executive Officer