Srinanaporn Marketing Public : Report of the utilization of capital Increase from IPO

SRINANAPORN MARKETING PUBLIC CO., LTD.

325/6-9 Lanluang Road, Sriyakmahanak Sub-District, Dusit District, Bangkok 10300 Thailand Telephone [phone] Facsimile + 66 2281 5161 Website: www.snnp.co.th

-Translation -

Ref No. SNNP 013/2022

18 July 2022

Subject:

Report of the utilization of capital Increase from IPO

To:President

The Stock Exchange of Thailand

According to Srinanaporn Marketing Public Company Limited (the "Company") has issued the new shares for capital increase by initial public offering ("IPO") between 7 - 9 and 12 - 14 July 2021, amounting to 240 million shares at the offering price 9.20 Baht per share. The Company received net proceed (after deduction of underwriting fee and related expenses for the offering of securities) totaling of Baht 2,138.14 million.

The Company would like to summarize and report utilization of capital Increase from IPO at the end of June 30, 2022 as following:

													Unit: Million Baht
							Actual			Actual			Actual
	Objectives of the use of			Proceeds			Spending in			Spending in			Spending in			Remaining
			utilization			between			between			between			Amount as at
	proceeds
			plan			15 - 30 Jul			31 Jul - 31			1 Jan - 30 Jun			30 Jun 2022
							2021			Dec 2021			2022
1.	Investment in subsidiary	60 - 450		0.00		79.59		0.00		0.00
company for business
operation in Vietnam
2.	Repayment loans from	1,800 - 2,100		2,008.09		0.00		0.00		0.00
financial institutions
3.	Working capital for	30 - 200		0.00		0.00		50.46		0.00
business operations
	Total	2,138.14		2,008.09		79.59		50.46		0.00

Yours sincerely,

Srinanaporn Marketing Public Company Limited

-Signed-

(Mr. Supachoke Bumrungpun)

Acting Chief Financial Officer