Firetrade Engineering : Notification of the Connected Transaction (Receiving financial assistance from the Company's director)(Edit)

(Translation)

Turn-key for Engineering, Design, Supply, Installation, Supervision, Testing, Co mmissioning, etc.

• Valve, Fire Hose, Fire Extinguisher Equip ment, Automatic Sprinkler Equip ment
• Water Base Syste m, Foa m Syste m, Gaseous System, Dry Che mical System
• Fire Suppression - Detection & Fire Alarm System

T H E L E A D E R I N F I R E P R O T E C T I O N

Ref. No. FTE/CS/SET-013/2022

August, 15th, 2022

Subject: Notification of the Connected Transaction (Receiving financial assistance from the Company's director)

To:	The President,
	The Stock Exchange of Thailand

The Board of Directors Meeting of Firetrade Engineering Public Company Limited No. 4/2022 on August 15th, 2022 at 3.30 p.m. at the Company's meeting room, resolved to enter into a connected transaction with type of financial assistance from connected persons. The details of the transaction are as follows:

1. Date of Transaction
   Within one month from the date of approval from the Board of Directors
2. Related Parties and Relationship with the Listed Company

Name of the offer of the financial	Mr. Taksin Tantipijit and Mrs. Pattamaporn Tantipijit, who
assistance	are authorized directors and are major shareholders of the
	Company in the proportion of 38.475% and 7.817%
	(as of June 30th, 2022)
Name of the recipient of the	Firetrade Engineering Public Company Limited
financial assistance

3. General Explanation regarding Nature of the Connected Transaction

Type of Transaction	Connected Transaction Regarding the Receipt of Financial
	Assistance
Credit Facility	15,000,000.00 Baht and 15,000,000.00 Baht respectively,
	totaling 30,000,000.00 Baht, which are short-term loans
	without collateral.
Interest Rate	Interest rate is not more than 3.50% (lower than the same
	type of loan that the company receives from financial
	institutions approximately 1.75%)
Duration	1 Year (from August 20th, 2022 to August 19th, 2023)
Remuneration payment	Pay interest rate per month
Objectives of receiving financial	To be used as working capital of the company
assistance

บริษัท ไฟร์เทรดเอ็นจิเนียริ่ง(มหำชน)จ ำกัด	1198/5 ถนนพระรำม 9	แขวงพัฒนำกำร เขตสวนหลวง กรุงเทพฯ10250 ส ำนักงำนใหญ่
FIRETRADE ENGINEERING PUBLIC COMPANY LIMITED	1198/5 Rama 9 Road, Phatthanakan, Suanluang, Bangkok 10250 THAILAND
Registration No.0107559000397	Tel. [phone] - 92	Fax. [phone]	E-mail. [e-mail]
	เลขประจ ำตัวผู้เสียภำษี: 0107559000397	หน้ำ1 จำก 2

(Translation)

Turn-key for Engineering, Design, Supply, Installation, Supervision, Testing, Co mmissioning, etc.

• Valve, Fire Hose, Fire Extinguisher Equip ment, Automatic Sprinkler Equip ment
• Water Base Syste m, Foa m Syste m, Gaseous System, Dry Che mical System
• Fire Suppression - Detection & Fire Alarm System

	T H E	L E A D E R	I N	F I R E	P R O T E C T I O N
4. Total Value
	Total Value of Transaction		Interest Payment 1,050,000.00 Baht
			Accounted for 0.14% of net tangible assets (NTA)

1. The Characteristics and Scope of the Interest of the Connected Persons to Enter to the Connected Transaction
   Entering into such transaction is a connected transaction with type of financial assistance. The consideration value of the transaction size (interest) amounted to 1,050,000.00 Baht or 0.14% of the net tangible asset value. The size of the transaction is more than 1.00 Million Baht but less than 20.00 Million Baht. Therefore, according to the size of the transaction, the Company is obliged to seek approval from the meeting of Board of Directors and disclose information about entering into such transactions to the Stock Exchange of Thailand as specified in the Notification of the Connected Transaction.
2. Conditions that affects the shareholders -None-
3. Attendance and voting of the connected persons
   For agenda for consideration of connected transaction with type of financial assistance from connected persons, directors having interests from this transaction are Mr. Taksin Tantipijit and Mrs. Pattamaporn Tantipijit that abstain from voting on this agenda.
4. Opinions of the Board of Directors Concerning the Connected Transaction
   The Board of Directors has considered that entering into such transaction is reasonable and beneficial to the Company due to entering into such transactions would make the Company to have more liquidity in business including reducing the interest burden that must be paid to financial institutions therefore the Board of Directors agrees and approves to proceed with the said transaction.
5. Opinions of the Audit Committee and/or the Board of Directors which is Different from the Opinions the Directors about the connected Transaction (No.8)
   -None-
   Please be informed accordingly.

Sincerely yours,

-Signature-

(Mr. Taksin Tantipijit)

Chief Executive Officer

บริษัท ไฟร์เทรดเอ็นจิเนียริ่ง(มหำชน)จ ำกัด	1198/5 ถนนพระรำม 9	แขวงพัฒนำกำร เขตสวนหลวง กรุงเทพฯ10250 ส ำนักงำนใหญ่
FIRETRADE ENGINEERING PUBLIC COMPANY LIMITED	1198/5 Rama 9 Road, Phatthanakan, Suanluang, Bangkok 10250 THAILAND
Registration No.0107559000397	Tel. [phone] - 92	Fax. [phone]	E-mail. [e-mail]
	เลขประจ ำตัวผู้เสียภำษี: 0107559000397	หน้ำ2 จำก 2