Well Graded Engineering Public Company Limited announced a private placement to issue 60,000,000 common shares at an issue price of THB 0.50 per share for the gross proceeds of THB 30,000,000 on February 15, 2024. The transaction will include participation from not more than 10 investors The Board of Directors has considered the matter and deemed it appropriate to propose to the Annual General Meeting of Shareholders to consider and approve the extension of the allotment of the newly issued ordinary shares under General Mandate to Private Placement and assigned the Board of Directors to allocate the Company's newly issued ordinary shares with the details as proposed. The Company already had registered the capital increase of THB 330,000,000 by issuing shares of 60,000,000 ordinary shares with par value of THB 0.50 per share and amended the memorandum of association to the Department of Business Development, Ministry of Commerce.

The Company will apply for registration of paid-up capital when it has been paid from time to time. The transaction is subject to general shareholders which is scheduled on March 20, 2024. The validity extension of the 2023 Annual General Meeting of Shareholders to request approval on the extension is April 30, 2024.