Kumwell Corporation Public Company Limited
100/3 Thesabansongkrow Rd., Lardyao, Chatuchak,
Bangkok 10900, Thailand Tel 02-954-3455 Fax: 02-591-7891
KC 059/65
July 25, 2022
Subject: Report on use of proceeds from capital increase by Initial Public Offering
To: President
The Stock Exchange of Thailand
According to the Initial Public Offering (IPO) of Kumwell Corporation Public Company Limited ("the Company") during July 24-26, 2019 on newly issued ordinary shares in the amount of 130,000,000 shares at
1.10 Baht per share. After the deduction of expenses incurred from this offering, the remaining proceeds are in the amount of 130.48 Million Baht.
The Company would like to report the use of proceeds from IPO for the period ended at June 30, 2022 as follows:
Unit: Million Baht | |||||||||||||||||
Outstanding | Amount used | Outstanding | |||||||||||||||
during | |||||||||||||||||
Use of Proceeds | Plan | balance as of | balance as of | ||||||||||||||
January 1 - | |||||||||||||||||
December 31, 2021 | June 30, 2022 | ||||||||||||||||
June 31, 2022 | |||||||||||||||||
1. | Use as capital to build new factory (Sai Noi, | ||||||||||||||||
Nonthaburi) to increase the production | 71.27 | 6.58 | 4.96 | 1.62 | |||||||||||||
capacity of Ground Rod product | |||||||||||||||||
2. | Use | as | capital to | improve building of | 4.49 | - | - | - | |||||||||
existing factory (Bang Yai, Nonthaburi) | |||||||||||||||||
3. | Use as capital to research and develop new | 10.24 | - | - | - | ||||||||||||
product and solution. | |||||||||||||||||
4. | Use as capital to improve and develop | ||||||||||||||||
product testing room at the new head office | 20.00 | 17.78 | - | 17.78 | |||||||||||||
building. | |||||||||||||||||
5. | Use | as | working | capital for business | 24.48 | - | - | - | |||||||||
operation | |||||||||||||||||
Total | 130.48 | 24.36 | 4.96 | 19.40 | |||||||||||||
Resolution of the Board of the Directors' Meeting No. 5/2022 on June 22, 2022 approved the extension period of capital spending in the 1st purpose to enhance wastewater treatment capability by applying zero waste technology in ground rod production from Q2 2022 to Q3 2022.
Please be informed accordingly,
Kumwell Corporation Public Company Limited
100/3 Thesabansongkrow Rd., Lardyao, Chatuchak,
Bangkok 10900, Thailand Tel 02-954-3455 Fax: 02-591-7891
Yours Sincerely,
Mr. Boonsak Kiatjaroonlert
Chief Executive Officer
Kumwell Corporation Public Company Limited