No.: PROEN 19/2022

Date: August 18th, 2022

Subject: Notification of contract termination regarding the acquisition of Digital Asset in Cryptocurrency

To:

The President

The Stock Exchange of Thailand

Ref:

Notification to the SET no. PROEN 07/2022 published on February 25th, 2022 Re: Acquisition of digital asset

in cryptocurrency and no. PROEN 15/2022 published on June 13th, 2022 Re: Notification of the progress of

Acquisition of Digital Asset in Cryptocurrency

According to PROEN Corp Public Company Limited ("the Company"), it has approved by the Board of Directors meeting no. 3/2022 regarding the investment in digital asset in cryptocurrency in accordance with the terms of its partnership with Bitkub Blockchain Technology Company Limited ("Bitkub"), The Company will invest in digital asset of cryptocurrency as Bitkub Coin currency ("KUB coin") which is the condition of entering into a partnership with Bitkub. The Company shall be the partner in validating transactions (Validator Node PoSA) as Proof of Stake Alliance on Bitkub's block chain transaction validating system (Bitkub Chain). The responsibilities of the Company are to validate and verify the copy of the transactions generated from user's accounts on Bitkub Chain platform that are decentralized to the Company's computers server system from possessing KUB coins as a guarantee of the legitimacy of the transaction (Staking). As a result, the Company is required to purchase KUB coins from Bitkub in the amount of not exceeding 72,949,815 Baht and the Company shall receive KUB coins in the amount of 250,000 coins.

The Company has considered factors in accordance with the Notification of the SEC No. JorTor.-1.(Wor)

37/2565 Re: Investment or business operation regarding digital asset of listed companies, the volatility of KUB coin price, and other factors that may contain significant impacts on the company. The Company then issued a contract termination letter, and requested for the cancellation of digital asset investment by sending the contract termination letter to Bitkub on August 17th, 2022. Nevertheless, the Company maintains a relationship of being a Tech Partner with Bitkub in terms of its expertise as appropriate, supports the technology development of Bitkub Chain, and cooperates with Bitkub in various fields in order to be the digital economy infrastructure of Thailand in the future.

Please be informed accordingly

Best Regards,

PROEN Corp Public Company Limited

(Mr. Kittipan Sri-bua-iam)

Chief Executive Officer

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Proen Corporation pcl published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 11:03:05 UTC.