M Vision Public : Report on use of proceeds from capital increase raised from through Private Placement as at June 30, 2022

MVP080/2022

July 27, 2022

Subject : Report on use of proceeds from capital increase raised from through Private Placement as at June 30, 2022

Attention The President

The Stock Exchange of Thailand

Reference to M Vision Public Company Limited ("the Company") issued and allocated of 45,000,000 newly-issued ordinary shares, at a par value of Baht 0.50 per share, by offering to the specific person (Private Placement) to Capital Asia Investment Pte. Ltd., the offering price Baht 4.20 per share. As at March 24, 2022, the Company received the proceeds of Baht 189,000,000. The Company hereby reports the use of proceeds from the offering of the ordinary capital increase shares as at June 30, 2022 as follows:

											Unit: million Baht
										Accumulated
							Outstanding			Utilization			Outstanding
	Objective			Plan			balance			of proceeds			balance
					at March			during March			as of June
							24, 2022			24, 2022 -			30, 2022
										June 30, 2022
	1. To invest in the business of Node	160.0		160.0		160.0		-
	validator and Cryptocurrency Mining
	business in Thailand or overseas (Bitcoin
	Mining Business)
	2. To utilize as the working capital for the	29.0		29.0		19.0		10.0
	Company's business operation
	Total	189.0		189.0		179.0		10.0

Please be informed accordingly.

Sincerely yours,

(Mr. Opas Cherdpunt)

Chief Executive Officer

M Vision Public Company Limited