Thai Energy Storage Technology Public : Report on progress of minority shareholding distribution

10 June 2022
Subject:	Report on progress of minority shareholding distribution
To:	The President
	The Stock Exchange of Thailand

Pursuant to the regulation of the Stock Exchange of Thailand ("SET") regarding distribution of minority shareholders, the listed companies who cannot meet the free float requirements within the specified period are required to report the progress of shareholding distribution of minority shareholdings every 6 months until such SET's requirement is met.

Thai Energy Storage Technology Public Company Limited (the "Company") would like to inform that the Company are aware of the significance of the distribution of minority shareholdings (Free Float). The Company have been considering an appropriate solution to fix distribution of minority shareholding to comply with the SET's regulation. If there is any further progress in this matter, we will inform the SET in due course.

Please be informed accordingly.

Sincerely yours,

(Mr. Akihiko Emori)

(Chief Executive Officer)