Pan Asia Footwear Public Company Limited announced that according to the letter No.AF. 040/2022 on September 26,2022 referred to company by the Board of Directors' resolution consideration receiving financial assistance from International Laboratories Corp. Ltd. at the total amount of THB 10 million Interest is 3.00% p.a. The Company hereby informed of the details of the change according to the resolution of the Board of Directors' meeting of Pan Asia Footwear Public Company Limited No.

1/2024 which held on February 26, 2024 as the following details: Interest changed from 3.0% per annum from 4.0% per annum. The term is calculated based on the remaining term of the loan contract: From 1 January 2024 to 30 September 2027. Interest, Old: THB 1,125,205.48, Changed to THB 1,500,273.97.

Transaction Size of financial assistance: Old: 0.19% of NTA, Changed to 0.25% of NTA. Objective of transaction: Increase the liquidity of business operations. Opinions by the company's Board of Directors: The Board of Directors considered and has opinions that this transaction is reasonable and beneficial to the company.

Increase the liquidity of business operations. The interest rate is 4.0 % p.a. is lower than the market interest rate which is the interest rate that the company borrows from other financial institutions. Transaction type: he Transaction as stated above would be within scope of the related transaction according to the Notification of the Capital Market Supervisory Board 21/2008 Re: Rules and regulations on connected transactions and Notification of the Stock Exchange of Thailand Re: Opinion of Financial Advisors Concerning Connected Transactions, 2003 in categories of related transactions on type of receiving financial assistance.

Total transaction amount THB 1.50 million is a medium size (0.25% NTA) which has the transaction value more than THB 1 Million but less than THB 20 Million or to by more than 0.03% but less than 3% of NTA (3% of NTA = 18 Mb.)* whichever is higher.