The Union Mosaic Industry Public Company Limited would like to report on the progress of default payment of T.T. Ceramic Public Company Limited, a subsidiary. the company holds 78.97% of TTC's shares are as follows: TTC has recorded the provision for the payment of non-compliance with the agreement. (18%-25% default interest rate), which is considered a default payment under existing credit agreements with financial institutions, started default in August 2018, As of December 31, 2023, there was an outstanding principle amount of THB 719 million and default interest of THB 450 million, total of THB 1,169 million, which accounts for 39% of total assets of the company according to the financial statements ended December 31, 2023, which must be disclosed according to the criteria of the Stock Exchange of Thailand.

Debt obligations that are defaulted are as follows: Debt obligations to The Union Mosaic Industry Public Company Limited., consisting of principal amount of THB 348 million and interest at THB 234 million, totaling THB 582 million. Debt obligations to Chayo JV Asset Management company Limited., which is a financial institution, consisting of principal amount of THB 372 million and default interest of THB 216 million, totaling THB 588 million. T.T. Ceramic Public Company Limited is in the process of negotiating a debt repayment plan with both creditors.

If there is any progress, it will be published through SET's system further.