-Translation-

SECURE-SET2022-007

20 July 2022

Subject: Report of the Utilization of Capital Increase from IPO as of 30 June 2022

To: President

The Stock Exchange of Thailand

With reference to Nforce Secure Public Company Limited (the "Company") issued new shares for capital increase by initial public offering ("IPO") on 23 - 25 June 2021 for 27,741,000 shares at the price of Baht 16 per share and registered in the Market for Alternative Investment (mai) on 1 July 2021 with proceeds totaling Baht 443.86 million. Then totaling Bath 420.72 million after deducting underwriting commission and expenses in connection with the offering. The Company would like to report the utilization of capital increase from IPO as of 30 June 2022 as follows:

Unit: Million Baht

Objective of Spending

Plan Amount

Amount used until

Outstanding balance

30 June 2022

as of 30 June 2022

1. Use of net proceeds in Technical Support

20.00

9.20

10.80

Center Project

2. Use of net proceeds in Cybersecurity

50.00

0.00

50.00

research and development

3. Use of net proceeds on related business

100.00

0.00

100.00

investment

4. Use of net proceeds for operational

250.72

47.21

203.51

working capital of the Company

Total

420.72

56.41

364.31

The Utilization of Capital Increase were reallocated among the objectives specified in the securities offering statement.

Please be informed accordingly.

Yours Sincerely,

- Signed by -

(Miss Sukanya Luanchamroen)

Deputy Chief Executive Officer and Company Secretary

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Nforce Secure pcl published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 10:53:02 UTC.