AJA.020/2022

June 23rd , 2022

Subject : Issuance and offering of the Convertible Debentures No.1/2022

To : President

The Stock Exchange of Thailand

According to the 2022 Annual General Meeting of Shareholders of AJ Advance Technology Company Limited (the "Company") on April 28th, 2022, resolved to approve the issuance and offering of the newly issued convertible debentures of the Company not exceeding THB 300,000,000 by way of private placement to specific investor namely Advance Opportunity Fund (AO Fund) and Advance Opportunities Fund 1 (AO Fund 1), which is not related persons. The Convertible Debentures can issue from time to time until the total amount of not exceeding THB 300,000,000.

The Company would like to inform that the Company had offered and issued the Convertible Debentures No.1/2022 pursuant to Convertible Debentures Agreement at the amount of THB 15,000,000 to AO Fund and the amount of THB 15,000,000 to AO Fund 1 on June 23, 2022 totaling THB 30,000,000. The issued Convertible Debentures will mature on June 23, 2025 unless the holder of the Convertible Debentures exercise their rights of conversion before the maturity date.

The Conversion price is not less than 90 percent of market price "The market price" shall be calculated based on the weighted average price Company's shares trading on the Stock Exchange of Thailand for not less than 7 consecutive business days but not exceeding 15 consecutive business days prior to the date that the Debenture holder exercises their conversion right. Therefore, it does not meet the criteria to prohibit of selling shares within 1 year from the date of receiving the convertible securities (Silent Period). In this regard, the weighted average price is calculation from the closing weighted average price traded in each consecutive business day (Floating Exercise Price). Whereby the market price will be calculated with two digit decimals. and for the conversion price of Convertible Debentures, it will be calculated with three digit decimals.

Please be informed accordingly,

Yours sincerely,

(Mrs. Prangthip Chanvisitsak) Company Secretary

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AJ Advance Technology pcl published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 10:54:03 UTC.