AJ Advance Technology Public : Report on the results of the Exercise of convertible debentures (F53-5)

Headline:	Report on the results of the Exercise of convertible debentures (F53-5)
Security Symbol:	AJA

Announcement Details

Report on the results of sale of securities (F53-5)

Name of Company AJ ADVANCE TECHNOLOGY PUBLIC COMPANY LIMITED

Date 08-Aug-2022

Report on the results of the Exercise of convertible securities as follow

	Number of conversed	Number of non	Ratio	Conversion		Number of shares	Number of
	(Convertible	Exercise
Name of Convertible debentures	convertible		conversed convertible	Price	derived from	remaining shares
	debentures :	Date
	debentures (shares)	debentures (shares)	shares)	(baht/share)		conversion (shares)	reserved (shares)
AJ Advance Technology Public Company	5,000	5,000	1.00 :	0.234	From	21,367,521	821,558,645
Limited's long-term convertible				4273.5042		05-Aug-2022
debentures No.1/2022 due 2025						To
						05-Aug-2022
Summary
Total excercised shares / converted shares (common	21,367,521
shares)

Remark

The convertible debenture holders who have exercise: Advance Opportunities Fund 1 amount 5,000 units

Conversion Ratio: Principle amount of the Convertible Debentures divided by the conversion price

Conversion price: 90.00 percent of market price of the company's share on The Stock Exchange of Thailand for the past 7-15 consecutive business days before the conversion date is between July 21, 2022 to August 4, 2022. The weighted average price is 0.26 Baht per share with 90% of the weighted average price equal to 0.234 baht per share, then the conversion price is 0.234 Baht per share which is not less than 90.00 percent weighted average price. Therefore, it does not meet the criteria that prohibit the convertible debenture holders from selling the newly issued ordinary shares within one year from the date that the convertible debenture holders received the convertible securities (Silent Period). However, the weighted average price calculated from closing price or weighted average price by trading volume in each business day (Floating Conversion Price).

The company has issued and offered of Convertible Debentures as follows No.1/2022 Issuance and offering of Convertible Debentures on June 23, 2022 at the amount of 30 million Baht (30,000 units).

The convertible debenture holders have exercised their conversion rights on August 5, 2022 at the amount of 5 million Baht (5,000 units) by Advance Opportunities Fund 1. The balance of convertible debentures No.1/2022 which are not exercised at the amount of 5.00 million Baht (5,000 units).

Signature ________________________________	Signature ________________________________
(Mr.Pichai Panjasanka)	(Mrs.Prangthip Chanvisitsak)
Director	Director
Authorized to sign on behalf of the company	Authorized to sign on behalf of the company

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