TEAM Consulting Engineering and Management Public : Report on usage of fund from an initial Public Offering (IPO)

SET 2022/17

20 July 2022

Subject: Report on usage of fund from an Initial Public Offering (IPO)

To: President

The Stock Exchange of Thailand

According to the company's fund raising through the Initial Public Officer (IPO) during the period of 4 - 6 July 2018 which offered 180 million newly issued ordinary shares at initial selling price of 2.42 Baht/share with par value of 0.5 Baht/share - TEAM Consulting Engineering and Management Public Company Limited ("The Company") hereby has planned usage of IPO proceeds as disclosed in the filing documents. The Company would like to report the utilization of fund raising through the IPO as of 30 June 2022 as follows:

				(Unit: million Baht)
	Planned usage of IPO	Estimated	IPO proceeds	Balance of IPO
No.	amount of	used until	proceeds as of
proceeds
	IPO proceeds	30 June 2022	30 June 2022
	Investing in computer system,
1.	software and investment in	65.00	63.07	1.93
business relating to advanced
	technology
2.	Working Capital Management	345.77	345.77	-
	Total	410.77	408.84	1.93

Please be informed accordingly.

Yours Sincerely,

(Mrs. Penpilai Phonchaipanich)

Chief Financial Officer

TEAM Consulting Engineering and Management Public Company Limited