AJ Advance Technology Public : Notification of Conversion Price Calculation and The registration of change of paid-up capital

AJA.027/2022

August 9th, 2022

Subject : Notification of Conversion Price Calculation and The registration of change of paid-up capital

To : President

The Stock Exchange of Thailand

AJ Advance Technology Company Limited ( the " Company") would like to inform that the Company has operated to offered and issue the newly convertible debentures pursuant to The Convertible Debentures Agreement for " AJ Advance Technology Company Limited 's long-term convertible debenture No.1/2022 due 2025", to Advance Opportunities Fund ("AO Fund") and Advance Opportunities Fund 1 (AO Fund 1). Later,The convertible debenture holders, namely AO Fund1, notified the conversion of convertible debenture on 5 August,2022.Total amount of THB 5 million to 21,367,521 ordinary shares as follows: as follows:

	The Company's			Amount of			Remaining			Exercise the right to			Remaining debentures after
	long-term			debentures			debentures			conversion (unit)				conversion (unit)
	convertible			(units)			before			5 August, 2022
							conversion
	debentures								AO Fund			AO Fund 1			Total			AO Fund			AO Fund1			Total
							(unit)
	No. 1/2022	30,000		10,000		-		5,000			5,000		-		5,000			5,000
	No. 2/2022	5,000		-		-		-			-		-		-			-
	Total	35,000		10,000		-		5,000			5,000		-		5,000			5,000

Note: Debenture 1,000 baht per unit.

August 5th, 2022

AO Fund 1 exercised their conversion rights of THB 5 million to 21,367,521 ordinary shares at the conversion price of 0.234 baht per share, Details of conversion price calculation using data from www.set.or.th as follows:

number of days		Date	Volume (Shares)	Value (Baht'000)
1		21/7/2022	35,923,106	9,190.37
2		22/7/2022	31,313,331	7,832.40
3		25/7/2022	10,838,164	2,802.45
4		26/7/2022	14,315,966	3,813.51
5		27/7/2022	4,008,163	1,059.31
6		1/8/2022	12,718,470	3,431.98
7		2/8/2022	3,989,680	1,065.28
8		3/8/2022	15,066,999	3,885.61
9		4/8/2022	27,933,821	7,265.07
	Total	156,107,700	40,345.98

The weighted average price of 9 consecutive business days = 0.26 baht per share, 90 percent of the weighted average price of 9 consecutive business days = 0.234 baht per share.

With the conversion price is not less than 90 percent of market price "The market price" shall be calculated based on the weighted average price Company's shares trading on the Stock Exchange of Thailand for not less than 7 consecutive business days but not exceeding 15 consecutive business days prior to the date that the Debenture holder exercises their conversion right. Therefore, it does not meet the criteria to prohibit of selling shares within 1 year from the date of receiving the convertible securities (Silent Period). In this regard, the weighted average price is calculation from the closing weighted average price traded in each consecutive business day (Floating Exercise Price). Whereby the market price will be calculated with two digit decimals. And for the conversion price of Convertible Debentures, it will be calculated with three digit decimals.

The Company hereby informs that the Company has completely registered the change in its paid- up capital from Baht 526,813,336. 40to Baht 528,950,088. 50 with registrar of Department of Business Development, Ministry of Commerce on August 9th, 2022. As a result, the Company has the paid- up capital of Baht 528,950,088. 50 divided in to 5,289,500,885 ordinary shares at a par value of Baht 0. 10 each.

Please be informed accordingly,

Yours sincerely,

(Mrs. Prangthip Chanvisitsak) Company Secretary