Page 34 - Demo

32 Super Turtle Public Company LimitedThe Company received proceeds (after deducting relevant fees and expenses) (a) in the amount of THB 3,236.20 million from the issuance and offering of 984,000,000 newly issued ordinary shares, with a par value of THB 1 per share, through a private placement, at the offering price of THB 3.30 per share on 22 June 2022, and (b) in the amount of THB 791.40 million from the issuance and offering of 240,000,000 newly issued ordinary shares, with a par value of THB 1 per share, to its existing shareholders in proportion to their respective shareholding (Right Offering), at the offering price of THB 3.30 per share, during 24 and 27-30 June 2022. As a result, the total proceeds the Company receiving from the capital increase under (a) and (b) amounted to THB 4,027.60 million.The utilization of proceeds received from the capital increase under (a) and (b) during the period between 1 January 2024 to 31 December 2024 (the %u201cPeriod%u201d), the details are as follows:Unit: THB millionObjective and progress of utilization of proceedsProceeds utilization planOutstanding proceeds (1 Jan 2024)Utilization during the PeriodOutstanding proceeds (31 Dec 2024)1. Acquisition of all ordinary shares in Groupwork Company Limited110.00 0.00 0.00 0.002. Construction of the Company%u2019s shops under %u201cTurtle%u201d brand (the %u201cTurtle Shop%u201d)1,120.00 843.04 141.72 701.323. Procurement of stock inventory for sale in the Turtle Shops600.00 449.22 423.28 25.944. Renovation of existing rental booths on BTS SkyTrain stations, including adjustment of scenery and construction of additional rental booths 200.00 163.12 18.43 144.695. Construction of warehouse and management of stock system200.00 200.00 0.00 200.006. Working capital and/or using for investment 1,797.60 1,594.68 (58.56) 1,653.24Total 3,250.06 524.87 2,725.1911. Utilization of Proceeds Received from Capital IncreaseIntroduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment