I&I Public : Report on the utilization of Proceeds from the Initial Public Offering

iiG007/2022
	27 July 2022
Subject :	Report on the utilization of Proceeds from the Initial Public Offering
To :	The President
	The Stock Exchange of Thailand

I&I Group Public Company Limited (the "Company") has completed an Initial Public Offering (IPO) of 25 million shares. The IPO price was 6.60 THB/share amounting to 165 million Baht in aggregate, net after deduction of all relevant expenses for the process remaining 155.56 million Baht. The Company has reviewed the suitability of the investment on Investment on Software Development and Developing Center and Products Development. The Board of Directors' Meeting No.1/2022 held on 23 February 2022 has resolution to approve the change of the IPO usage limit which is considered immaterial since it was the allocation among objectives that have been disclosed to the public. The change of IPO usage was informed to shareholders in the 2021 Annual General Meeting of Shareholders held on April 22, 2022.

The Company would like to report on the utilization of proceeds from the initial Public Offering for the period between 1 January 2021 and 31 June 2022 as follows:

					(Million Baht)
	Purpose	Planned	Balance as of	Change of	Usage	Balance as
		Amount	31 December	used of	during 1	of 30 June
			2021	proceeds	January - 30	2022
					June 2022
1.	Investment on Software Development	35.00	32.49	(32.00)	-	0.49
	and Developing Center
2.	Products Development	20.00	17.49	(8.00)	(9.49)	-
3.	Working Capital	100.56	13.37	40.00	(53.35)	0.02
	Total	155.56	63.35	-	(62.84)	0.51

Please be informed accordingly

Yours sincerely,

Mr. Somchai Mekasuvanroj

Chief Executive Officer