Increasing Capital

Subject                                  : Specifying  the purpose of utilizing 
proceeds
Date of Board resolution                 : 25-Nov-2024
Number of additional common shares       : 20,989,446,278
(shares)
Total of additional shares (shares)      : 20,989,446,278
Par value (baht per share)               : 10.00
Type of allocated securities             : Common shares
  Allocated to                           : Other
    Allocation Details                   : Results of the allocation of newly 
issued ordinary shares from expressing the intention to exercise the right to
convert debt into equity by the creditors in Group 4, Group 5, Group 6 and
debenture creditors according to the business rehabilitation plan
    Number of allotted shares (shares)   : 20,989,446,278
Remark                                   :
Pursuant to Clause 5.6.3 (b) of the business rehabilitation plan, the Company 
shall allocate newly issued ordinary shares to accommodate the conversion of
debt into equity which is the obligation of the creditor under the business
rehabilitation plan (Mandatory Conversion) by creditors in Group 4, Group 5,
Group 6, and debenture creditors under the business rehabilitation plan.  In
this regard, the Plan Administrators' Meeting approved the execution of the
conversion of debts for creditors listed as of 28 October 2024 into newly issued
ordinary shares pursuant to Clause 5.6.3 (b) of the business rehabilitation
plan, whereby the debts under the business rehabilitation plan were calculated
as of 31 October 2024, with the aggregate amount of debts totaling
37,601,923,443.81 Baht.  If there is any fractional number of shares resulting
from the calculation, such fractional number of shares will be rounded down.
After the calculation on such basis, the creditors will be allocated a total of
14,773,659,802 newly issued ordinary shares from the mandatory debt-to-equity
conversion pursuant to Clause 5.6.3 (b) of the business rehabilitation plan.
After such allocation, there are an aggregate remaining newly issued ordinary
shares after the allocation for the debt-to-equity conversion under Clause 5.6.3
 (b) of the business rehabilitation plan of 88,709,831 shares.
As the creditors under the business rehabilitation plan who are eligible for the
right to convert debt into equity have expressed the intention to voluntarily
convert debt into equity from 19 November 2024 to 21 November 2024, the Company
would like to notify the results of the allocation of newly issued ordinary
shares from expressing the intention to exercise the right to convert debt into
equity of creditors in Group 4, Group 5, Group 6, and debenture creditors
according to the business rehabilitation plan, having details as follows
1.	Voluntary conversion of the existing debts into additional equity under the 
business rehabilitation plan
Since the total number of newly issued ordinary shares for which creditors have 
expressed its intention to convert the existing debts into additional equity
under Clause 5.6.3 (a) of the business rehabilitation plan (Voluntary
Conversion) exceeds the number of newly issued ordinary shares which were
allocated to accommodate the exercise of right to convert debt into equity under
Clause 5.6.3 (a) of the business rehabilitation plan (Voluntary Conversion),
the Company has therefore allocated newly issued ordinary shares to creditors
who exercised the right to convert debt into equity on a pro rata basis
according to the principal debt of each creditor under the business
rehabilitation plan.  If there is any fractional number of shares resulting from
the calculation, such fractional number of shares will be rounded down.  In
this regard, the Company has allocated a total of 4,911,236,792 newly issued
ordinary shares to the creditors under the business rehabilitation plan who have
expressed their intention to convert existing debts under the business
rehabilitation plan into additional equity, representing a total debt resulting
from exercising the right to the debt-to-equity conversion, pursuant to Clause
5.6.3 (a) of the business rehabilitation plan, of 12,500,079,881.78 Baht.  After
the allocation of shares on such basis, there are an aggregate remaining newly
issued ordinary shares resulting from the rounding down of fractional number of
shares in the process of exercising the right to convert debt into equity under
Clause 5.6.3 (a) of the business rehabilitation plan of 21 shares.
2.	Exercise of the right by the creditors to voluntarily convert suspended new 
interests into equity under the business rehabilitation plan
The Company has allocated a total of 1,304,549,684 newly issued ordinary shares 
(net of withholding tax) to the creditors under the business rehabilitation plan
who have expressed their intention to convert suspended new interests into
equity, representing a total debt resulting from exercising the right to the
debt-to-equity conversion pursuant to Clause 5.6.3 (c) of the business
rehabilitation plan, of 3,351,213,177.95 Baht.  All creditors who have expressed
their intention to convert suspended new interests into equity have been
allocated newly issued ordinary shares according to the number of shares they
expressed their intention to convert.
After such allocation, there are an aggregate remaining newly issued ordinary 
shares after the allocation for the exercise of right to convert debt into
equity under Clause 5.6.3 (c) of the business rehabilitation plan of 599,058,492
 shares.

In this regard, Clause 5.6.7 of the business rehabilitation plan specifies that 
the plan administrators have the authorization to reduce the registered capital
by eliminating the newly issued ordinary shares that have not been allocated for
the debt-into-equity conversion under Clause 5.6.3 (a), Clause 5.6.3 (b) and
Clause 5.6.3 (c) of the business rehabilitation plan, in the total amount of
687,768,344 shares (including newly issued ordinary shares which have not been
allocated under Clause 5.6.4 of the business rehabilitation plan), as deemed
appropriate by the plan administrators.
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