Thai Nondestructive Testing Public : Report on the results of the Exercise of convertible debentures (F53-5)

Headline:	Report on the results of the Exercise of convertible debentures (F53-5)
Security Symbol:	TNDT

Announcement Details

Report on the results of sale of securities (F53-5)

Name of Company THAI NONDESTRUCTIVE TESTING PUBLIC COMPANY LIMITED

Date 27-Jul-2022

Report on the results of the Exercise of convertible securities as follow

	Number of conversed	Number of non	Ratio	Conversion		Number of shares	Number of
	(Convertible	Exercise
Name of Convertible debentures	convertible	conversed convertible	Price	derived from	remaining shares
debentures :	Date
	debentures (shares)	debentures (shares)	shares)	(baht/share)		conversion (shares)	reserved (shares)
Thai Nondestructive Testing Public	1,000		4,000	1.00 :	0.63	From	1,587,301	122,616,763
Company Limited's long-term convertible				1587.301		27-Jul-2022
debentures No. 4/2022 due 2024						To
						27-Jul-2022
Summary
Total excercised shares / converted shares (common	1,587,301
shares)

Remark

The convertible debenture holders who have exercise: Advance Opportunities Fund

Conversion Ratio: Principle amount of the Convertible Debentures divided by the conversion price

Conversion price: 90.00 percent of market price of the company's share on the Stock Exchange of Thailand for the past 7-15 consecutive business days before the conversion date is between 18 July 2022 to 26 July 2022. The weighted average price is 0.70 Baht per share and the conversion price is 0.630 Baht per sharewhich is not less than 90.00 percent weighted average price. Therefore, it does not meet the criteria that prohibit the convertible debenture holders from selling the newly issued ordinary shares within one year from the date that the convertible debenture holders received the convertible securities (SilentPeriod). However, the weighted average price calculated from closing price or weighted average price by trading volume in each business day (Floating Conversion Price)

The company has issued and offered of Convertible Debentures as follows

No. 4/2022 Issuance and offering of Convertible Debentures on 22 July 2022 at the amount of 5 million Baht (5,000 units). The convertible debenture holders by Advance Opportunities Fund have exercised their conversion rights on 27 July 2022 at the amount of 1 million Baht (1,000 units). The balance of convertible debentures of No.4/2022 which are not exercised at the amount of 4 million Baht (4,000 units).

Signature ________________________________	Signature ________________________________
(Miss Chomduen Satavuthi)	(Mr. Suwat Dangpibulskul)
Director	Director
Authorized to sign on behalf of the company	Authorized to sign on behalf of the company

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