Report on the result of exercise of other convertible securities (F53-5)
Report date of securities allocation     : 24-May-2024

Exercised securities



Convertible debentures

   Common shares
      Name of Convertible debentures     : Clover Power Public Company Limited's
 long-term Convertible Debentures No. 3/2024 due 2027
      Number of conversed convertible    : 5,000
debentures (shares)
      Number of non conversed            : 45,000
convertible debentures (shares)
      Ratio (Convertible debentures :    : 1 : 2,923.9766
shares)
      Conversion Price (baht/share)      : 0.342
      Exercise Date                      : From 23-May-2024
      Number of shares derived from      : 14,619,883
conversion (shares)
      Number of remaining shares         : 171,738,697
reserved (shares)



Remark                                   :
The convertible debenture holders who have exercise: Advance Opportunities Fund 
1
Conversion Ratio: Principle amount of the Convertible Debentures divided by the 
conversion price
Conversion price: 90.00 percent of market price of the company's share on the 
Stock Exchange of Thailand for the past 7-15 consecutive business days before
the conversion date is between 13-21 May 2024, totaling 7 business days, which
has a weighted average price of 0.38 baht per share and a 90% price equal to
0.34 baht per share (Refer to past prices from SETSMART according to
www.setsmart.com) with a conversion price of 0.342 baht per share which is not
less than 90.00 percent weighted average price. Therefore, it does not meet the
criteria that prohibit the convertible debenture holders from selling the newly
issued ordinary shares within one year from the date that the convertible
debenture holders received the convertible securities (Silent Period). However,
the weighted average price calculated from closing price or weighted average
price by trading volume in each business day (Floating Conversion Price). Before
exercising the right to convert this time, the company had remaining
convertible debentures that had not yet been exercised in the amount of  20
million baht (20,000 units) from the issuance and offering of long-term
convertible bonds of the Company No. 3/2024 to Advance Opportunities Fund 1 ("AO
Fund 1") on April 24, 2024 and from the issuance and offering of long-term
convertible bonds of the Company No. 4/2024 to Advance Opportunities Fund 1 ("AO
Fund 1") in the amount of  20 million baht (20,000 units) and Advance
Opportunities Fund ("AO Fund ") in the amount of  10 million baht (10,000 units)
 on May 16, 2024, totaling 50 million baht (50,000 units)
This time, the convertible debenture holders have exercised their conversion 
rights from the issuance and offering of long-term convertible bonds of the
Company No. 3/2024 on May 23, 2024 at the amount of 5 million Baht (5,000
units). The balance of convertible debentures that have not yet exercised their
rights total 45 million baht (45,000 units).
Authorized to sign on behalf of the      : Mr. Saithsiri Saksitthisereekul
company
Position                                 : Director

Ms. Nintita Loetruangsuphakun
Director

______________________________________________________________________
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