Asset World Public : Report of the utilization of increased capital from initial public offering (IPO)

Date	15 July 2022
Subject	Report of the utilization of increased capital from initial public offering (IPO)
Attention	The President
	The Stock Exchange of Thailand

Asset World Corp Public Company Limited (the "Company") completed the initial public offering (IPO) of 8,000,000,000 shares at THB 6 per share in October 2019. The total amount of proceeds from IPO after deducting expenses related to newly issued ordinary shares was at THB 47,158 million and the remaining balance as of 31 December 2021 was at THB 4,976 million as reported to SET on 27 January 2022.

This time, the company would like to summarize the detail of expenditure as the following table;

Unit: THB million

	Use of Proceeds		Approximate	Accumulated	Remaining	Actual	Accumulated
				Cost		Amount as	Spending	Spending	Balance
					Spending as of	of 1	Amount
					(a)+(b)
						January
					31 December	(1 January -
					2022
					2021	30 June 2022)
					(As lasted		(b)
					reported)
					(a)
1.To fund the acquisition of Asset	Approximately	25,500	-	-	25,500	-
Group 3 entities		25,500
2.To prepay existing indebtedness to	Approximately	5,200	-	-	5,200	-
banks and/or the promissory notes	5,200
that	the	Company	and/or
subsidiaries	have issued;	provided
that such repayment will be made to
banks which are affiliates of the
financial advisors on the Combined
Offering and/or the Domestic Lead
Managers, namely:

Use of Proceeds	Approximate	Accumulated	Remaining	Actual	Accumulated
	Cost		Amount as	Spending	Spending	Balance
		Spending as of	of 1	Amount
			(a)+(b)
			January
		31 December	(1 January -
		2022
		2021	30 June 2022)
		(As lasted		(b)
		reported)
		(a)
 Kiatnakin Bank Public Company
Limited; and
 The Siam Commercial Bank Public
Company Limited
3.To invest in the development and/or	Approximately	5,355	4,976*	726	6,081	4,250**
renovation of the existing assets	10,331
and/or those of subsidiaries, as well
as Asset Group 3
4. Or apply the proceeds toward the	Not greater	11,103	-	-	10,377	-
Company' s treasury management	than 57,422	(*The			(**The
transactions in the ordinary courses		Company shall			Company shall
of business		utilize THB			utilize THB
		4,976 million			4,250 million
		from treasury			from treasury
		management to			management to
		invest in the			invest in the
		development			development
		and/or			and/or
		renovation of			renovation of
		the assets			the assets
		according to			according to
		Item No.3)			Item No.3)
Total use of proceeds		47,158	4,976*	726	47,158	4,250**

Please be informed accordingly.

Sincerely yours,

Dr. Karn Prativedwannakij

Chief Financial Officer

Authorized Person for Publishing Information