B 52 Capital Public : The report on utilisation of capital increase proceeds

Date: 22 July 2022

No.: B52-2022-07/001

Subject: The report on utilisation of capital increase proceeds

To:	The Director and Manager
	The Stock Exchange of Thailand

B-52 Capital Public Company Limited ("the Company") would like to report on the results of the use of the Capital increase as follows:

1. According to the company there was a resolution of the 2021 Annual General Meeting of Shareholders held on May 18, 2021, which resolved to approve increasing the registered capital of the Company under a general mandate by issuing ordinary shares not exceeding 681,609,990 shares with a par value of 0.50 baht per share and divided into 2 types of allocations: (1) the allocation of new ordinary shares in the amount of not more than 454,406,660 shares to offer to the existing shareholders in proportion to their shareholding; and (2) to allocate not more than 227,203,330 newly issued ordinary shares for sale to a private placement.
   By the resolution of the Board of Directors Meeting No. 6/2021, held on May 25, 2021, it was resolved to approve the issuance and allocation of ordinary shares of not more than 349,550,000 shares with a par value of 0.50 baht per share to be offered to the existing shareholders at the ratio of 6.5 existing ordinary shares to 1 newly issued ordinary share At the offering price of 0.50 baht per share and on 5 - 9 July 2021, the Company has allocated the offering of new ordinary shares to the existing shareholders. Equivalent to 349,550,000 shares with a par value of 0.50 baht per share at an offering price of 0.50 baht per share, totaling 174,775,000 baht.
   And by the resolution of the Board of Directors Meeting No. 11/2021, dated November 18, 2021, it was resolved to approve the issuance and allocation of 9,973 ordinary shares with a par value of 0.50 baht per share for offering to private placement. (Ms. Supaporn Vongpitunmanachai) to prevent fractions of shares from the company's capital restructuring. At the offering price of 0.66 baht per share, representing the money received from the offering in the amount of 6,582.18 baht.
   The total amount received from the capital increase through a general mandate is equal to 174,781,582.18 baht.
2. Capital increase arising from the exercise of warrant holders to purchase ordinary shares of the Company No. 3 (B52-W3) has exercised the right to convert to ordinary shares as follows:
   - On June 30, 2021, there were warrant holders to purchase ordinary shares of the Company No. 3 (B52-W3) exercise 200,000 units of B52-W3 convertible into 206,720 newly issued ordinary shares at the conversion price of 0.2418 baht per share, representing an income of 49,984.90 baht

• On December 30, 2021, there were warrant holders to purchase ordinary shares of the Company No. 3 (B52-W3) exercise 1,993,003 units of B52-W3 convertible into 514,991 newly issued ordinary shares at the conversion price of 0.9672 baht per share, representing an income of 498,099.29 baht
• On February 14, 2022, there were warrant holders to purchase ordinary shares of the Company No. 3 (B52-W3) exercise 231,129,033 units of B52-W3 convertible into 59,723,672 newly issued ordinary shares at the conversion price of 0.9672 baht per share, representing an income of 57,764,735.56 baht
  Total proceeds from the exercise of convertible rights B52-W3 to newly issued ordinary shares equal to 58,312,819.75 baht.
  Therefore, it is the money received from the capital increase under (A) and (B) combined equal to 233,094,401.93 baht.
  The Company would like to report the use of capital increase in the amount of 233,094,401.93 baht until the end of June 30, 2022 as follows:

	The amount	The balance has	Use of Proceeds
	been used and	to Jan-June 2022	Balance
	received from the
Objective of the capital increase	accumulated before	(million baht)	up to 30 June 2022
capital increase
	December 31, 2021.		(million baht)
	(million baht)
	(million baht)
To be used as working capital in the business	233.09	19.40	68.89	144.80
of the company and its affiliates through the
retail stores in the network Both business selling
consumer products and health products.
Financial services business with merchants and
advertising business, etc. The working capital
for the above operations, such as salaries,
directors' remuneration, consulting fees,
various professional fees, establishment rental
fees Cost of purchasing or hiring a product
network expansion costs customer acquisition
costs Design and production of public relations
advertisements media space rental other
operating expenses, etc.

Please be informed accordingly.

Yours Sincerely,

Naravadee Waravanitcha

(Ms. Naravadee Waravanitcha)

Chief Executive Officer