PROEN Public : Notification of the progress of Acquisition of Digital Assets in Cryptocurrency

No. PROEN 14/2022

	May 31, 2022
Subject:	Notification of the progress of Acquisition of Digital Assets in Cryptocurrency
To:	The President
	The Stock Exchange of Thailand

According to PROEN Corp Public Company Limited ( " the Company" ) , it has approved the investment of digital assets in cryptocurrencies in accordance with the terms of its partnership with Bitkub Blockchain Technology Company Limited ("Bitkub"), for the purpose of studying the implementation of the platform that performed on digital assets exchange platforms. The Company shall be the partner in validating transactions (Validator Node) as PoSA (Proof of Stake Authority) on Bitkub's block chain transaction validating system (Bitkub Chain) the company notified the progress as follows.

The legitimacy of the transaction (Staking), as a result, the Company is required to purchase KUB coins from Bitkub in the amount of not exceeding 72,949,815 Baht and the Company shall receive KUB coins in the amount of 250,000 coins with the terms that prohibit the Company to sell and/or exchange such coins before May 31, 2023, Currently, the company has not paid for the coin.

The essence of the amended agreement is that Bitkub offers a price guarantee in the event that the KUB price is lower than the purchase price. When due by May 31, 2023, if there is a reduction in the price invested by the company of the digital asset exchange Bitkub will compensate the company for the lower price difference compared to the purchase price.

Please be informed accordingly.

Best Regards,

PROEN Corp Public Company Limited

(Mr. Kittipan Sri-bua-iam)

Chief Executive Officer