Thai Energy Storage Technology Public : Shareholders meeting's resolution of the Company No. 2/2022.

CS-2207016

21 July 2022

Subject : Notifying the resolutions of the Annual General Meeting of Shareholders of

	the Company No. 2/2022.
To	: Director and Manager,
	The Stock Exchange of Thailand.

We, Thai Energy Storage Technology Public Company Limited (the "Company"), wish to notify the resolutions of the Annual General Meeting of Shareholders of the Company No. 2/2022, held on 21 July 2022, whereby 49 shareholders were present in person and by proxy, representing 77,096,053 shares out of the total 78,400,000 shares, being equivalent to 98.34 percent of the total number of shares, as follows:

1. Resolved for adoption of the Annual General Meeting of Shareholders for the year 2022, which the meeting passed the resolution as follows:

Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0

2. Resolved for adoption and ratification of the report of the operating results of the Company for the period from 1 January 2022 to 31 March 2022 and the Annual Report, which the meeting passed the resolution as follows:

Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0

3. Resolved for approval of the Statements of Financial Position and the Statements of Comprehensive Income of the Company for the period from 1 January 2022 to 31

March 2022, which the meeting passed the resolution as follows:

Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0

4. Resolved for approval of the payment of dividends to the Shareholders, which the

meeting passed the resolution as follows:
Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0

5. Resolved for re-election of Mr. Masato Yoshida, Mr. M a sa k a tsu S u z u k i and Mr. Apichai Chvajarernpun, who should be retired by rotation in this year to their offices as Directors of the Company for another period, which the meeting passed the resolution as follows:

1. Mr. Masato Yoshida

Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0
(2)Mr. Masakatsu Suzuki
Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0
(3)Mr. Apichai Chvajarernpun
Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0

Therefore, the Board of Directors of the Company has 9 persons as follows:

1.	Mr. Masato	Yoshida	Chairman of the Board
2.	Mr. Akihiko	Emori	Vice Chairman of the Board and
			Chief Executive Officer
3.	Mr. Masakatsu	Suzuki	Director
4.	Mr. Yoshitaka	Nibe	Director
5.	Mr. Tamotsu	Sakata	Director
6.	Mr. Takahiro	Tomiyama	Director
7.	Mr. Nontaphon	Nimsomboon	Independent Director and
			Chairman of Audit Committee
8.	Mr. Suchat	Chanlawong	Independent Director and
			Audit Committee
9.	Mr. Apichai	Chvajarernpun	Independent Director and
			Audit Committee

6. Resolved for approval of the remuneration of Directors of the Company for the fiscal year 2022 (from 1 April 2022 to 31 March 2023) in the amount not exceeding

2,000,000.- Baht, with the details as follows : Board of Directors

Chairman	35,000.- Baht/meeting
Directors	25,000.- Baht/meeting
Directors' Bonus	200,000.- Baht/person/year

Provided that the payment of bonus depends on the duty and responsibility of director and the operating result of the Company.

Audit Committee
Chairman of Audit Committee	20,000.- Baht/meeting
Member of Audit Committee	12,000.- Baht/meeting
Directors	7,000.- Baht/meeting

Regardless of the above, a Director who is a director, an executive officer or an employee of Energywith Group company shall not be paid any remuneration.

which the meeting passed the resolution as follows:
Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0

7. Resolved for appointment of Miss Vilailak Laohasrisakul, C.P.A. (Thailand) No. 6140 or Miss Vissuta Jariyathanakorn, C.P.A. (Thailand) No. 3853 or Miss Manee Rattanabunnakit, C.P.A. (Thailand) No. 5313 from EY Office Limited, as the auditors of the Company for the fiscal year 2022 (from 1 April 2022 to 31 March 2023), and fixing of the remuneration of the auditors in the amount of 2,500,000.-

Baht, which the meeting passed the resolution as follows:
Approved	77,096,053	Votes	equivalent to	100%
Disapproved	0	Votes	equivalent to	0
Abstained	0	Votes	equivalent to	0
Voided Ballot	0	Votes	equivalent to	0

Please be informed accordingly.

Sincerely yours,

______________________

Mr. Akihiko Emori

Chief Executive Officer