TQM Public : Report of the utilisation of capital increase from IPO

TQM CORPORATION PUBLIC COMPANY LIMITED

123 Ladplakao Road, Chorakhe Bua, Ladprao, Bangkok 10230

Tel: 1737, 0-2119-8888 Fax: [phone] www.tqmcorp.co.th

- Translation -

No. TC0070765

27 July 2022

Subject:	Report of the utilisation of capital increase from IPO
To:	The President
	The Stock Exchange of Thailand

TQM Corporation Public Company Limited ("the company") offered 75 million capital increase common share to the public (IPO) during 12-14 December 2018 at the offering price of Baht 23.0 per share, totaling net amount of Baht 1,681.8 million after deduction of underwriting fee and expenses in connection with the offering.

The company would like to report the increase capital spending ended 30 June 2022 as follows:

											Unit: Million Baht
			Use of fund			Amount Received			Amount of spent as of		Outstanding
							30 June 2022		Balance
1.	Improvement and Development of Information
	Technology System Project
		1.1	Development of sales channel in online system by	15.0		5.4	9.7
	investing in Chat Bot of TQM Broker
		1.2	Implement Disaster and Recovery Site (DR Site) of	6.2		3.3	-
	TQM Broker.1/
2.	Development of business process by investing in	8.0		3.9	4.1
	Enterprise Resource Planning (ERP) of TQM Broker2/
3.	Investing in TQM's subsidiaries for working capital
		3.1	Investing in TQM Broker for working capital	200.0		200.0	-
		3.2	Investing in TQM Life for working capital	40.0		40.0	-
4.	Working capital within TQM Group	1,370.6		1,370.6	-
			Total	1,639.8		1,623.2	13.8

Remark: 1/ The change of purpose from Server investment to "Cloud system" does not require any investment on hardware; therefore, the monthly fee shall be paid instead. The advantage of this change is to support further development and future usage demand.

2/ The launch date of ERP project was postponed by 18 months.

Please be informed accordingly.

Yours sincerely,

- Signature -

(Mr.Unchalin Punnipa)

Chairman of the Board of Directors