Chayo Group Public Company Limited has issued and offered the Company's debentures No. 2/2023 due in 2026, in which the issuer has the right to redeem the debentures before the redemption date with the number of debentures offered for sale not exceeding THB 600 million to offer for sale to institutional investors and/or large investors as of October 6, 2023, the company was able to raise funds from the said bond offering in the total amount of THB 517.90 (five hundred seventeen point nine zero) million. The objectives for using the money and the period for using the money are as follows: For use in purchasing debt for management and/or lending in companies of the Group of the Company amount not exceeding THB 250.00 million, To use as working capital amount not exceeding THB 20.00 million, To repay debentures amount not exceeding THB 330.00 million.

The period for using the money for all 3 objectives has been set on or before December 2023 and the cash spending for objectives 2 and 3 has been completed within 31 December 2023. However, for the cash spending for Objective 1 (to buy debt for management and/or lending), the company spend those cash in full on 20 February 2024. Therefore, the company was spent or used those cash over the period that specified in the prospectus.

This is because the company was determined the period for using those cash too short (approximately 3 months from the issuing date) and the adjustment according to the current situation. In order to have the most beneficial financial management. As a result, the company is unable to spending cash to buy debt for management and/or lending within 31 December 2024 according to the period as specified in objective no.1. Therefore, the company is proposed to the Board of Directors Meeting No.

2/2024 to extend the period for using the said funds from within 31 December 2023 to within 20 February 2024.