Delta Paint Public : Report on Usage of Fund Raised from Initial Public Offering

DPAINT-001-02/2565

Date July 25, 2022

Subject: Report on Usage of Fund Raised from Initial Public Offering

To:	Director and Manager
	The Stock Exchange of Thailand

According to Delta Paint Public Company Limited's Initial Public Offering ("IPO") during the period of October 19 - 21, 2021 in the amount of 53,250,000 shares at the price of 7.5 Baht per share, Delta Paint Public Company Limited ('the Company") had received total fund after deducting underwriting fee and other related fee at Baht 373.2 million.

The Company would like to report the usage of fund raised from IPO as of June 30, 2022 as follows:

										Unit: Baht Million
							Accumulated Usage of			Accumulated Usage of			Outstanding Balance
				Estimated					Proceeds between
	Use of Proceeds					Proceeds as of					as of
			Amount					January 1, to June 30,
						December 31, 2021					June 30, 2022
									2022
1.	Investment in production plan on	150.0		-		-		150.0
	building and machine at Suwinthawong
	Plant
2.	Investment in the auto tinting machine	100.0		-		18.3		81.7
	in the amount of 440 units
3.	Investment in Enterprise Resource	10.0		1.3		0.7		8.0
	Planning (ERP) software
4.	Investment in laboratory facility	5.0		-		0.8		4.2
5.	Loan repayment	25.0		25.0		-		-
6.	Working Capital	83.2		83.2		-		-
Total	373.2		109.5		19.8		243.9

Please be informed accordingly,

Yours sincerely,

________________________________

(Mr.Athapon Tangkaravakoon)

Chief Financial Officer

Delta Paint Public Company Limited