Notification of the Resolution of the Board of Directors Meeting regarding the determination of the names who are eligible for the allocation of newly issued shares, the determination method of offering price and offering period under STGT ESOP

Number of newly-issued

:

Not exceeding 6,000,000 shares, at the par value of THB 0.50 per

ordinary shares to be issued

share, equivalent to not exceeding 30 percent of total number of shares

and offered in the second year

being issued and offered under STGT ESOP

after the IPO

Names of eligible employees to

:

As approved by the Board of Directors of the Company

be allocated the newly-issued

ordinary shares in the second

year under STGT ESOP

Conditions of the allocation

:

The directors, executives, and/or employees of the Company and its

subsidiaries who are entitled to the allocation of the newly-issued

ordinary shares must be subject to the following conditions:

1. As at the Record Date, a director, executive, and/or employee

must be a director, executive, and/or employee of the Company

and its subsidiaries for a period of no less than three months,

must not be under a probationary period, and must remain a

director, executive, and/or employee of the Company and its

subsidiaries at the Offering Date; and

2. Each director will be entitled to equal number of ordinary shares,

while the number of ordinary shares to which each executive, or

In the case where there are directors, executives, and/or employees

of STGT and STGT's subsidiaries who wish not to exercise their

rights to purchase the newly-issued ordinary shares on the Offering

Date, Executive Committee of the Company and/or the person

delegated by Executive Committee of the Company may determine

the names of other executives and/or employees of the Company and

its subsidiaries for the allocation instead within the offering and

allocation period, in accordance with the conditions of the allocation.

In this regard, each executives and/or employee will be entitled to the

allocation of not exceeding 5.00 percent of the total number of shares

to be offered under STGT ESOP.

Offering price per share

:

Offering price per share is equivalent to 90.00 percent of the market

price as specified under the Notification of the Office of the Securities

and Exchange Commission regarding the Calculation of Offer Price

of Securities and Determination of Market Price for Consideration of

Offer for Sale of Newly-issued Shares with Discount.

"Market Price" means the volume-weighted average price of the

shares traded on the Stock Exchange of Thailand ("SET") during the

period of 7-15 consecutive business days prior to the Offering Period

of each offering.

"Offering Date" means the date on which the Board of Directors of

the Company or the person delegated by the Board of Directors of

the Company, passes a resolution or approves as the date to offer

the newly-issued ordinary shares to the directors, executives, and/or

employees of the Company and the Company's subsidiaries under

STGT ESOP.

In this regard, the Board of Directors of the Company has determined

the offering price based on the volume-weighted average price of the

ordinary shares of the Company traded on the SET using the closing

price during the period of 7 - 15 consecutive business days prior to

the date on which the Board of Directors of the Company has

resolved to approve the offering period of this offering i.e. during the

period of 10 - 30 June 2022, which the volume-weighted average

price is based on information from SETSMART www.setsmart.comof

the SET. The Board of Directors of the Company has considered and

viewed that the said offering price is appropriate and in line with the

relevant Notification of the Office of the Securities and Exchange

Commission and the resolution of the Extraordinary General Meeting

of the Shareholders of the Company No. 4/2019. In addition, the

Board of Directors has delegated the Chief Executive officer to have

authority in determining the offering price whereby such offering price

must be in accordance with the determination method of offering price

as detailed above, the Company shall further inform such offering

price through the SET website accordingly.

Offering period

:

The subscription period and payment of the newly issued ordinary

shares are 9.00am to 4.00pm of 1 July 2022.