Right Tunnelling Public : Report of the utilization of capital increase received from the offering of ordinary shares

Our Ref. RTCS 015/2565

July 27, 2022

Subject:	Report of the utilization of capital increase received from the offering of ordinary shares
To:	The President
	The Stock Exchange of Thailand

According to Right Tunnelling Public Company Limited (the "Company") has offered the Initial Public Offering of newly issued ordinary shares (IPO) on November 3-5, 2020 totaling 300,000,000 shares at 1.92 Baht per share, after deduction of expense incurred from this offering, the remaining proceeds are in the amount of 551.38 Million Baht.

The Company would like to report the use of the proceeds received from the offering of the newly issued ordinary shares as of June 30, 2022 as follows:

										Unit: Million Baht
				IPO			Outstanding			Accumulated			Outstanding
				Proceeds			Balance			Utilization
										Balance
	Objectives			from			as of			of Proceeds
									as of June
				Fund			December			as of June
										30, 2022
				Raising			31, 2021			30, 2022
1. Used to finance computer systems,	10.00		-		-		-
	equipment, and software.
2. Used as funds for machinery,	54.00		-		-		-
	vehicles, tools, equipment.
3. Used to finance the construction	10.00		9.92		0.10		9.82
	of new workshop and warehouse.
4. Used as working capital in	477.38		-		-		-
	business operation.
	Total	551.38		9.92		0.10		9.82

Please be informed accordingly.

Sincerely yours,

(Mr. Chawalit Tanomtin)

Chief Executive Officer

The Office of Company Secretary

Tel: [phone] ext. 138 or 148

E-mail:[e-mail]