Thai Energy Storage Technology Public Company Limited has resolved to approve the Company to enter into the Revolving Loan Agreement with Energywith Co. Ltd. Approval of the entering into the Revolving Loan Agreement between the Company as Borrower and Energywith Co. Ltd., as Lender with the Loan value in the amount of THB 150,000,000 and interest rate 4.10 per annum.

The total interest is in the amount of million THB 32.29, which falls under the Transaction Category 4 of the Notification of the SET regarding the Disclosure of Information and Other Acts of Listed Companies concerning the Connected Transactions. The transaction size is equal to 1.37% of the Net Tangible Assets of the Company (‘NTA') based on the highest remuneration. Therefore, this transaction size is considered to be larger than 0.03% but less than 3.00% of the Company's NTA according to the latest consolidated financial statements of the Company as of September 30, 2022.

The transaction's details are as specified in the enclosure.