RT proposes to the board to increase capital by 237 million shares, offering 137 million shares through a General Mandate and 100 million shares through a Private Placement at 0.55 Baht per share to repay bonds and fund working capital, supporting growth opportunities. This will be presented at the extraordinary shareholders' meeting on November 5, 2024.

Mr. Chawalit Tanomthin, CEO of Right Tunneling Public Company Limited (RT), a specialist in civil engineering, tunneling, and geotechnical work, revealed that the board meeting on October 1, 2024, resolved to propose to the extraordinary meeting on November 5, 2024, to approve an increase in the company's registered capital by 118,500,000 Baht from the previous amount of 688,677,846 Baht to a new registered capital of 807,177,846 Baht by issuing 237,000,000 new ordinary shares with a par value of 0.50 Baht each.

Additionally, the board seeks approval for the issuance and offering of 237,000,000 new ordinary shares, divided into 137,000,000 shares under the General Mandate, with a par value of 0.50 Baht per share, not exceeding 10% of the company's paid-up capital, and 100,000,000 shares for Private Placement, also with a par value of 0.50 Baht, to be offered either at the same time or at different times to a limited group of individuals.

The issuance and offering of 100,000,000 shares for Private Placement, with a par value of 0.50 Baht, will have a clearly defined offering price set by the board for consideration at the extraordinary shareholders' meeting, with the offering price set at 0.55 Baht per share, totaling 55,000,000 Baht.

The purpose of raising funds through the new shares is to repay the RT252A bonds and to serve as working capital for the company's operations, as the company is experiencing continuous business expansion and future investment plans. Therefore, it is necessary to secure additional funding sources, which will strengthen the company's capital base and prepare it for future operations.

The board has approved the organization of the extraordinary shareholders' meeting on November 5, 2024, to seek approval for the capital increase and share allocation, with the record date for shareholders entitled to attend the meeting set for October 15, 2024.