Page 18 - PSTC - One Report 2023 (EN)

2022
On 5 September 2022, Thai Pipeline Company Limited Network Company Limited, a joint venture between Power Solution Technology Public Company Limited (PSTC) and EGCO, welcomed the first oil truck to Khon Kaen Oil Depot. The depot is the largest new, modern depot in the Northeast and is located in Ban Phai District, Khon Kaen Province, on an area of approximately 200 rai with a total tank capacity of 157 million liters. There is a pipeline connecting the depot station at Saraburi to the depot station at Khon Kaen, a distance of 342 kilometers passing through 55 subdistricts, 18 districts and 5 provinces.
On 12 October 2022, In accordance with the resolution of the Extraordinary General Meeting of Shareholders, the issuance and allocation of warrants to purchase 2nd common shares of the Company (the “PSTC-W2 Warrants”) without charge was approved, amounting to 790.60 million units to existing shareholders of the Company in proportion to their shareholding in the allocation ratio for the existing common shares at a par value of 0.5 baht per share 3 shares per warrant unit (PSTC-W2 (3:1)). The exercise rate was one PSTC-W2 warrant per share at a par value of 2 bahtpershare.ThePSTC-W2 warrantsarevalidfor3yearsfromtheirdateofissuance,andthe holders of the warrants will be able to exercise their rights on 10 November of each year, with the first exercise date being 10 November 2023.
On 25 October 2022, the Company increased its registered capital with the Ministry of Commerce to 395.3 million baht by issuing 790.6 million common shares at a value of 0.5 baht per share from 1,186.0 million baht (2,372.0 million common shares). The newly registered capital amounted to 1,581.3 million baht (3,162.6 million common shares) at a value of 0.5 baht per share) to support the exercising of the rights of shareholders of PSTC-W2 warrants.
On 3 November 2022, seven subsidiaries, namely PST, MSW 1 Company Limited, Big Power Corporation Company Limited, Windgo Green Company Limited, PST (Ubon Ratchathani) Company Limited, PST Energy 3 Company Limited, PST Energy 7 Company Limited, and PST Energy 8 Company Limited completed the liquidation process.
Annual Report 2023 (Form 56-1 ONE REPORT)
17
2023
On March 3, 2023, the company established a subsidiary company, namely PSTC 1 Co., Ltd., with a registered capital of 50,000,000 Baht to engage in the production and distribution of electricity in the renewable energy business and undertake the construction of power plants. On August 8, 2023, Big Gas Technology Co., Ltd. signed a contract to supply and install equipment for a liquefied natural gas (LNG) refueling station for BYd Auto (Thailand) Co., Ltd. with a contract duration of 3 years.
On September 15, 2023, the company established a subsidiary company, namely PSTC 2 Co., Ltd., with a registered capital of 1,000,000 Baht to engage in the production and distribution of electricity in the renewable energy business and undertake the construction of power plants. On October 4, 2023, Thai Pipeline Network Co., Ltd. launched the full operation of the “Oil Transportation System via Pipeline to the Northeastern Region.