Bangkok Sheet Metal Public Company Limited announced that it will issue convertible debentures by private placement for gross proceeds of THB 500,000,000 on February 25, 2022. The transaction will include participation from 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 convertible debentures will bear interest rate of 1% per annum, provided that the interest will be paid on a quarterly basis from the date of issuance.

The maturity period will be 3 years after the issuance of each tranche. The debentures will be convertible into 99,630,078 shares at a price of not less than 90% of the market price. The transaction will include no more than 10 specific investors.

The securities issue will subject to 4-month hold period.