NSL Foods Public : Report the Utilization of Capital Increase from Initial Public offering (IPO)

No. NSL_CS 10/2022

August 1, 2022

Subject: Report the Utilization of Capital Increase from Initial Public offering (IPO)

To:	The President
	The Stock Exchange of Thailand

With reference to NSL Foods Public Company Limited ("NSL") issued new shares for capital increase by Initial Public offering (IPO) on May 11 - 13, 2021 for 75,000,000 shares at the price of 12.00 Baht per share. NSL received proceeds from IPO in the net totaling of Baht 872.38 million (after deducting all IPO-related expenses).

NSL would like to report the proceeds utilization of capital increase from IPO as of June 30, 2022 as follows:

							Unit : Million Baht
				Outstanding		Amount used		Outstanding
	Objective of spending	Plan Amount		balance as of		during		balance as of
				December 31, 2021		Jan - Jun 2022		June 30, 2022
1.	Financial institution debt	350.00		-		-		-
	settlement
2.	Used as working capital in	172.38		50.00		-		50.00
	business operation
3.	Used to finance the	350.00		335.84		11.25		324.59
	construction of new projects
	Total	872.38		385.84		11.25		374.59

Please be informed accordingly,

Best Regards,

(Mr. Arkradej Liamcharoen)

Vice President - Accounting and Finance

Company secretary

Tel. [phone] Ext. 1010