Ngern Tid Lor Public : The Board of Director Resolution of the Employee Joint Investment Program (EJIP)

Translation

TIDLOR_IR_008/2022

August 5, 2022

Subject: The Board of Director Resolution of the Employee Joint Investment Program (EJIP)

To: The President

The Stock Exchange of Thailand

Ngern Tid Lor Public Company Limited (the "Company" or "TIDLOR") would like to disclose the Company's Board of Directors Meeting No. 6/2022 convened on June 29, 2022, had approved the Employee Joint Investment Program ("EJIP") under the Notification of the Office of the Securities and Exchange Commission (the "SEC") No. SorJor. 38/2561, Re: Preparation of Report on Changes to the Securities and Derivatives Holding of Director, Executive, Auditor, Plan Preparer, and Plan Administrator, dated July 16, 2018.

As to comply with Clause 6 (6) of Notification No. SorJor. 38/2561 of the SEC, the Company will submit a letter to the SEC to confirm that EJIP has complied with the regulations prescribed in Clause 7 of the Notification of the SEC No. SorJor. 38/2561 on August 8, 2022.

Items	Detail of EJIP
Company entering into program	Ngern Tid Lor Public Company Limited
The period of EJIP	From October 1, 2022 to September 30, 2028 ( total program is 6
	years)
Eligible participants under EJIP	All permanent employees and Executive of the company with a year of
	service is not less than 2 years, until the date of applying for the
	program and it is a voluntary basis. This program includes Mr. Piyasak
	Ukritnukun, Managing Director who considered the Company's
	Executive.
EJIP contribution period	From October 1, 2022 to September 30, 2025 ( total contribution
	period is 3 years)
EJIP arrangement	During EJIP contribution period, the Company will transfer funds to the
	participant, including;
	1. The Company will monthly deduct funds from the payroll of EJIP
	participants at the rate of 3% to 12% depending on the
	participant's year of service until the end of the program
	contribution period.
	2. The Company's monthly contribution at 100% of such deducted
	amount from participants.

		In this regard, EJIP participants able to change the contribution rate
		yearly, by submitting the change request in September each year,
		and effective in that year.
	Manager to EJIP Program	Krungsri Securities Public Company Limited is the Manager of the
		EJIP Program, their duty is to invest in TIDLOR shares on the Stock
		Exchange of Thailand within the Company's specified date each
		month. Including allocating TIDLOR shares purchased in each period
		to each participant's EJIP accounts.
	Conditions for Holding the	Each EJIP participant has the right to sell TIDLOR shares
	Securities (Silent period)	accumulated under the EJIP program each year as follows:
		∙ The year of accumulated TIDLOR shares: Participant cannot sell
		any TIDLOR shares.
		∙ 1st subsequent year: Participant cannot sell TIDLOR shares.
		∙ 2nd subsequent year: Participants can sell within 20% of
		accumulated TIDLOR shares.
		∙ 3rd subsequent year: Participants can sell 30% of accumulated
		TIDLOR shares.
		∙ 4th subsequent year: Participants can sell 50% of accumulated
		TIDLOR shares.
		Conditions for Exiting the Program
		The membership of the EJIP program will end when the participant is
		no longer an employee of the Company, or the participant exits the
		program and remains an employee of the Company - the participant
		is an owner of TIDLOR shares. However, If the subsequent years are
		not complete according to the number EJIP program years. the
		participant have to return the Company's contribution fund within 30
		days, calculated from the amount contributed by the Company in that
		EJIP program year.
		Except, in case of the participant was retires or becomes incapacitated
		or dead, all TIDLOR share shall be owned by the participant.
	Please be informed accordingly,
Sincerely yours
-signed by-
(Mr. Piyasak Ukritnukun)
Managing Director