Thai Energy Storage Technology Public Company Limited announced that according to the Meeting of the Board of Directors of No. 5/2021 held on December 20, 2021, has resolved to approve the Company to enter into the Credit Facility Agreement with Sustainable Battery Solutions Inc. Approval of the entering into the Credit Facility Agreement between the Company as Borrower and Sustainable Battery Solutions Inc., as Lender with the Loan value in the amount of THB 725,000,000 and interest rate 2.50 per annum. The total interest is in the amount of million THB 60.68, 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 2.82% 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, 2021. The transaction's details are as specified in the enclosure.