Alucon Public : Notification of Entering into Connected Transaction

	11th August 2022
To:	The Stock Exchange of Thailand
Re:	Resolutions passed by Board of Directors' Meeting No. 365
	An approval of connected transactions with related companies

The details are as follows;

1. Normal business supporting Transactions
   (1.1) The company has paid license and commission fee to Takeuchi Press Industries Co., Ltd. (Japan) during second quarter of year 2022 total amount of Bt. 3,973,149.00 which is calculated at percentage of sales amount as determined in the agreement at the rate between 1-17%. This transaction is classified as a normal business supporting transaction with general commercial terms.
   (1.2) Under the term of the agreement, Takeuchi Press Industries Co., Ltd. agrees to provide technical assistance inclusive technical information and know-how, equipment for manufacturing and right to sell the products.
   (1.3) Size of transaction: This transaction is considered to be transactions prescribed in the notification of the SET, each transaction is more than 1 million Baht but less than 20 million Baht or more than 0.03% but less than 3% of NTA depending on which is greater (3% of NTA = BT. 184,682,170.30).
   Total license and commission fee for first quarter of year 2022 was Bt 3,973,149.00 or equals to 0.06% of NTA.
   (1.4) The Related Company: Takeuchi Press Industries Co., Ltd. (Japan) who held 71.65% of paid up share capital.
   (1.5) The connected person: Mr. Takaaki Takeuchi and Miss Kasumi Takeuchi abstained from
   the meeting and from the consideration of this matter by the Board of Directors.
   (1.6) Opinions by the Company's Board of Director and the Audit Committee:
   Agree to pay the license and commission fees as this transaction is considered a normal business supporting transaction with general commercial terms but the pricing cannot be calculated from the underlying assets or reference value.
2. Assets or Service Transactions

(2.1)	The Company will purchase the following items:
	- Coating material	= BT. 4,000,000. -
	- Machine part and spare part consisting of Ti Polymer,
	Somarit tape and Slug Elevator Belt	= BT. 1,000,000. -
	Grand Total	= BT. 5,000,000. -
	that greater than 0.03% of NTA as at 30.06.2022 = BT. 1,846,821.70 but less than 3%
	of NTA as at 30.06.2022 = BT. 184,682,170.30. The transactions amount of
	BT.5,000,000. - is equal to 0.08 % of NTA.
(2.2)	The above transactions will be purchased the third and the fourth quarter of year 2022.
(2.3)	The Company will buy from related company at the market price which is similar to
	other buyers, they cannot be obtained locally and produce good quality products.
(2.4)	The Related Company: Takeuchi Press Industries Co., Ltd. (Japan) who held 71.65% of
	paid-up share capital.
(2.5)	The connected person: Mr. Takaaki Takeuchi and Miss Kasumi Takeuchi abstained from
	the meeting and from the consideration of this matter by the Board of Directors.

2

(2.6) Opinions by the Company's Board of Director and the Audit Committee:

• To agree for purchasing of coating material with the lower price from Related Company compared to other suppliers those cannot be acquired in Thailand.
• These transactions are fair and without undue benefit to Takeuchi Press Industries Co., Ltd. and they are beneficial to the Company's business.

The Board of Directors Meeting has passed resolutions to approve the above connected transaction with total value of Bt. 8,973,149.00 which is equal to 0.15% of NTA.

Yours faithfully, ALUCON Public Company Limited

(Mr. Takaaki Takeuchi)

Managing Director