PP PRIME Public Company Limited announced that it expects to receive THB 150 million in funding from Advance Capital Partners Asset Management Private Limited, ZICO Asset Management Pte. Ltd.

PP PRIME Public Company Limited announced a private placement of newly issued convertible debenture for gross proceeds of not more than THB 150,000,000 on August 19, 2022. The company will issue convertible debentures with the right to convert into the ordinary shares, senior and unsecured. The transaction will include participation from returning investors, Advance Opportunities Fund, a fund managed by Advance Capital Partners Asset Management Private Limited and Advance Opportunities Fund I, a fund managed by ZICO Asset Management Pte.

Ltd. The transaction has been approved in the extraordinary general meeting of shareholders No 2/2022. The issuance of convertible debentures is subject to the completion of the conditions precedent which are, permission from the Securities and Exchange Commission and other relevant agencies, including the terms and conditions of the convertible debentures. The debenture carries a coupon of 1% per annum, provided that the interest will be paid on a quarterly basis from the date the convertible debentures was issued.

The debentures have maturity of 3 years after the issuance of each tranche. The transaction has been approved by board of directors of the company and subject to approval of extraordinary general meeting of Shareholders No. 2/2022to be held on September23, 2022.