Union Mosaic Industry Public : Report on the progress of the subsidiary's payment default

UMI 11/2565

August 9'2022

Subject: Report on the progress of the subsidiary's payment default

Dear Directors and Managers

The Stock Exchange of Thailand

The Union Mosaic Industry Public Company Limited would like to report on the progress of default payment of

1. Ceramic Public Company Limited (TTC), a subsidiary. As of June 2022, the parent company has purchased some debt and shares from an asset management company. As a result, the Company's shareholding ratio from 74.90% to
   78.97% of TTC's shares are as follows:
   TTC has recorded the provision for the payment of non-compliance with the agreement. (18%-25% default interest rate), which is considered a default payment under existing credit agreements with financial institutions, started in default on August 2018, as of June 30, 2022, there are outstanding liabilities of 720 million baht and default interest of 257 million baht, total 977 million baht, 35% of total assets according to the financial statements ended June 30. 2022, which must be disclosed according to the criteria of the Stock Exchange of Thailand. Debt obligations that are defaulted are as follows:
2. 1. Debt obligations to the parent company, principal amount of 348 million baht and interest at 136 million baht, totaling 484 million baht.
   2. Debt to an asset management company, consisting of principal amount of 372 million baht and default interest of 121 million baht, totaling 493 million baht.

TTC is in the process of negotiating the repayment plan. If there is any progress, it will be published through the SET's system further.

Please be informed accordingly.

Yours sincerely,

(Mr Sutin Youthanavaraporn)

Managing Director

The Union Mosaic Industry Public Company Limited