DV8 Public : Plan and Progress Report in solving the Caution (C) Sign on the security of DV8 Public Company Limited

-Translation-

SET_DV8-2022015

May 25th, 2022

Subject: Plan and Progress Report in solving the Caution (C) Sign on the security of DV8 Public Company Limited

To: President

The Stock Exchange of Thailand

According to The Stock Exchange of Thailand has marked "C" on the security of DV8 Public Company Limited (the "Company"), due to the Company having the shareholders' equity of less than 50% of paid-up capital as appeared on the Financial Statement - Quarter 1/2022 Ending 31 March 2022. (The Company has the shareholders' equity of 45.11%)

The Company would like to inform that the public presentation was held on May 25th, 2022 at 2.15 p.m. by electronic meeting (E-Meeting) or online platform via C Update of the Stock Exchange of Thailand's channel. The details of the meeting are as follows;

1. The cause of the problem
   Financial Year 2019
   The crucial factor that has an impact on the shareholders' equity has resulted from the Company recorded losses of THB 197 million from its investment and write off of loans to 33.33% owned Hero Experience Co., Ltd.
   Financial Year 2021
   The economy has been affected by the Coronavirus (Covid-19) pandemic due to the need to stop the outbreak. By implementing a measure to lock down, this affects to decrease the use of advertising media and the concert activities and events.
2. Recovery Plan

The Board of Directors and Audit Committee Including the management of the Company has continuously evaluated and considered the situation of the decrease in shareholders' equity of the Company. Affects the shareholders' equity of the company less than 50% when compared to the paid-up capital of the Financial Statement for the year 2021. the Company has the solutions to such problems within a 12-month period as follows;

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1. The company expects to increase revenue from core business.
2. The company expects to increase revenue through online channels such as; organizing events, producing series and collaboration with production partners.
3. The company expects to book revenues and profits from government projects.
4. The management is in the process of evaluating new projects as well as investments in other areas. Details will follow when available.

3. Risks or obstacles

The situation of COVID-19 remains uncertain, as a result the Company cannot operate the event as planned.

4. Q&A

- none -

Please be informed accordingly.

Yours Sincerely,

- Kochakorn Ruksasuk -

(Miss Kochakorn Ruksasuk)

Company Secretary

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