C.I. Group Public Company Limited announced a private placement to issue Debentures for a gross proceeds of THB 400,000,000 on December 7, 2023. The debentures are senior unsecured convertible debentures with the conversion right to convert into the company?s ordinary shares. The interest rate of debentures is 0%.

The convertible debentures holders may exercise their conversion rights of the Convertible Debentures every day until the close of business hours 1 week prior to the Convertible Debenture maturity date. The conversion price of the Convertible Debentures must not be lower than 90% of the market price whereas the market price is calculated based on the weighted average price of the Company?s shares trading on the Market for Alternative Investment (mai) for not less than 7 consecutive business days, but not more than 15 consecutive business days prior to the day the debenture holders exercise their conversion rights, in accordance with the Notification. The Debentures are converted into 538,372,419 shares to accommodate the exercise of the conversion rights of the aforementioned convertible debentures, representing 24.31% of the paid-up capital