General Engineering Public : The increase of registered capital in General Nippon Concrete Industry Co., Ltd (Subsidiary of General Engineering Public Company Limited) for reinforce the potential in order for the subsidiary to expand its business

GEL.CS.011/2565

Date June 20, 2022

Subject: The increase of registered capital in General Nippon Concrete Industry Co. , Ltd ( Subsidiary of General Engineering Public Company Limited) for reinforce the potential in order for the subsidiary to expand its business

According to the Annual General Meeting of Shareholders 2022 of General Engineering Public Company Limited (" Company" ) held on April 29, 2022, the Board had the resolution of approval regarding the allocation of the newly-issued ordinary share in the amount of not more than 1,799,292,396 shares. The allocation ratio shall be 3 existing ordinary shares to 1 newly-issued ordinary share. The company plans to use the money for the following purposes;

1. To use as working capital and to enhance the company' s financial liquidity to support the operations in the core business.
2. For paying debts the company and/or its subsidiaries to financial institutions.
3. For the purpose of increasing a new capital on one of the subsidiaries in order for the subsidiary to expand its

business

Nowadays, the allocation of the newly-issued ordinary share of the company has finished on June 2, 2022. The company had received the money amount 377,531,026. 58 Baht. To achieve the purpose of capital increase and proceeds utilization funds of the company, the Board of Directors' Meeting No. 5/ 2022 on June 20, 2022 had resolved to increase of registered capital in General Nippon Concrete Industry Co., Ltd amount 110 million Baht for reinforce the potential in order for the subsidiary to expand its business

However, General Nippon Concrete Industry Co., Ltd will proceed along with the procedure to get the approval of the capital increase amount 110 million Baht to achieve the purpose of capital increase abovementioned.

Such transaction of the Company deems to be the acquisition of the asset according to Notification of the Board of Governors of The Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2 0 0 4 ( " Notification Re: Acquisition or Disposition" ) . When it has calculated according to various bases by using the highest value calculated from any of bases, it is found that such transaction has volume subject to maximum volume in accordance with the total value of consideration paid which is at 1 .6 1 % ( the Company has no the acquisition of asset within 6 months) . In addition, due to the volume of this transaction having value less than 15%, said project as described above is neither subject to comply with Notification Re: Acquisition or Disposition nor related transaction.

Please be informed accordingly.

Yours sincerely,

General Engineering Public Company Limited -Signed-

(Mr. Wuttichai Sresthabutra) Director