Thai Polycons Public Company Limited announced that the contract of a construction project had been terminated. The details shall be described as follow; Project Name: Provision of Raw Water for Production Sector in Rayong Area (Supporting EEC) located in Rayong Province Phase 2. Description of Work: Construction of the Raw Water Pumping Station, Raw Water Distribution Pumping Station, Control Building and Raw Water Supply Piping laying. Project Owner: Y.S.S.P. Aggregate Company Limited.

Contract Value: THB 1,251,694,132.00. Construction Period: 306 Days. Reason: The volatility of construction material cost, the rise of labor wage and the increase of the oil price have affected the project, the contractor, and the suppliers' break-even point.

The mechanics of the pump and the phasing of the project has to be revised, if to continue the investment; therefore, the Owner and the Company agreed to terminate the contract, dated October 25, 2022.