AJ Advance Technology Public : Notification of Conversion Price Calculation and The registration of change of paid-up capital

AJA.024/2022

July 18th, 2022

Subject : Notification of Conversion Price Calculation and The registration of change of paid-up capital

To : President

The Stock Exchange of Thailand

AJ Advance Technology Company Limited ( the " Company") would like to inform that the Company has operated to offered and issue the newly convertible debentures pursuant to The Convertible Debentures Agreement for " AJ Advance Technology Company Limited 's long-term convertible debenture No.2/2022 due 2025", to Advance Opportunities Fund ("AO Fund").Later,The convertible debenture holders, namely AO Fund, notified the conversion of convertible debenture on 12 July 2022 amount of THB 5 million to

19,841,269 ordinary shares as follows:

	The Company's			Amount of			Remaining			Exercise the right to			Remaining debentures after
	long-term			debentures			debentures			conversion (unit)				conversion (unit)
	convertible			(units)			before					12 July, 2022
							conversion
	debentures								AO Fund			AO Fund 1			Total			AO Fund			AO Fund1			Total
							(unit)
	No. 1/2022	30,000		15,000	-		-			-		-		15,000		15,000
	No. 2/2022	5,000		5,000	5,000	-			5,000		-		-		-
	Total	35,000		20,000	5,000	-			5,000		-		15,000		15,000

Note: Debenture 1,000 baht per unit.

July 12th, 2022

AO Fund exercised their conversion rights of THB 5 million to 19,841,269 ordinary shares at the conversion price of 0.252 baht per share, Details of conversion price calculation using data from www.set.or.th as follows:

number of days		Date	Volume (Shares)	Value (Baht'000)
1		1/7/2022	3,708,854	1,159.26
2		4/7/2022	14,974,287	4,499.79
3		5/7/2022	20,057,635	5,827.63
4		6/7/2022	43,261,273	11,757.38
5		7/7/2022	16,334,281	4,591.40
6		8/7/2022	14,727,841	4,281.19
7		11/7/2022	2,325,850	666.00
	Total	115,390,021	32,782.65

The weighted average price of 7 consecutive business days = 0.28 baht per share, 90 percent of the weighted average price of 7 consecutive business days = 0.252 baht per share.

With the conversion price is not less than 90 percent of market price "The market price" shall be calculated based on the weighted average price Company's shares trading on the Stock Exchange of Thailand for not less than 7 consecutive business days but not exceeding 15 consecutive business days prior to the date that the Debenture holder exercises their conversion right. Therefore, it does not meet the criteria to prohibit of selling shares within 1 year from the date of receiving the convertible securities (Silent Period). In this regard, the weighted average price is calculation from the closing weighted average price traded in each consecutive business day (Floating Exercise Price). Whereby the market price will be calculated with two digit decimals. And for the conversion price of Convertible Debentures, it will be calculated with three digit decimals.

The Company hereby informs that the Company has completely registered the change in its paid- up capital from Baht 522,692,457. 40 to Baht 524,676,584. 30 with registrar of Department of Business Development, Ministry of Commerce on July 18th, 2022. As a result, the Company has the paid-up capital of Baht 524,676,584.30 divided in to 5,246,765,843 ordinary shares at a par value of Baht 0.10 each.

Please be informed accordingly,

Yours sincerely,

(Mrs. Prangthip Chanvisitsak) Company Secretary