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CHAO will start trading on SET on July 9th.

Bangkok, Chao Sua Foods Industry PCL, a manufacturer and distributor of snacks and processed meat products under the 'Chao Sua' and 'Wholesome' brands, is ready to be traded on the Stock Exchange of Thailand tomorrow (9 July) with a market capitalization at the IPO price of 3.54 billion baht, using the abbreviation 'CHAO'. Mr. Amnuay Chiramahaphoka, Assistant Manager, Head of Issuer Group 1, Stock Exchange of Thailand, revealed that the Stock Exchange of Thailand welcomes Chao Sua Foods Industry PCL to be listed and start trading on the Stock Exchange of Thailand in the Agriculture and Food Industry Group, Food and Beverage Category, using the abbreviation 'CHAO' on 9 July 2024. CHAO is engaged in the business of manufacturing and distribution of snacks and processed meat products that are famous for their delicious taste, combined with meticulous cooking and selection of quality ingredients. The products also have modern packaging designs that are easy to carry and can be consumed every day. By distributi ng products under the "Chao Sua" and "Wholesome" brands through various channels covering various customer groups, including 1) modern trade and wholesale retailers (Modern Trade), 2) traditional trade retailers (Traditional Trade), 3) export channels abroad, and 4) other channels. CHAO has a registered capital of 304 million baht and a paid-up capital after the IPO of 300 million baht, with 300 million issued and paid-up shares after the IPO, with a par value of 1 baht per share. The company offered for sale to the general public for the first time (IPO) in the total amount of 87,684,100 shares, consisting of 40,740,000 ordinary shares for existing shareholders and 46,944,100 ordinary shares for capital increase, and 4 million ordinary shares to support the conversion of warrants offered to executives and employees (ESOP Warrant), with the IPO offering period between July 1-3, 2024 at a price of 11.80 baht per share, for a total fundraising value of 553.94 million baht, total offering value of 1,034.67 mill ion baht, and securities value at the IPO price of 3,540 million baht. The IPO offering price is equivalent to a price-to-earnings ratio (P/E ratio) of 20.86 times, calculated from the financial statements for the past 12 months, which showed a net profit of 169.68 million baht, divided by the number of common shares issued and paid after the offering, resulting in a net profit per share (Fully Diluted EPS) of 0.57 baht, with Kasikorn Securities Public Company Limited as financial advisor and underwriter. Ms. Naphat Morin, Chief Executive Officer of Chao Sua Foods Industry Public Company Limited, revealed that the listing on the Stock Exchange of Thailand will help enhance the potential for continuous and sustainable growth, which is another important step for the company in moving towards becoming a leading manufacturer and distributor of snacks and processed meat products. The company plans to use the funds raised this time to invest in expanding production capacity and improving production efficiency to s upport future business growth. CHAO's top 3 shareholders after the IPO are 1) Chao Sua Group Holding Co., Ltd., holding 45.6% of the shares, 2) Sagar Capital Pte. Ltd., holding 9.5% of the shares, and 3) Mr. Thanapat Morin, holding 2.9% of the shares. CHAO has a dividend payment policy of no less than 40% of the net profit according to the company's separate financial statements after deducting corporate income tax and all types of reserves as specified by law and the company. However, the consideration of dividend payment may change depending on the appropriateness and future operation plan as the company's board of directors and/or shareholders deem appropriate. Investors and interested persons can see details from the company's prospectus on the SEC's website at www.sec.or.th and general information of the company at www.chaosua.com and www.set.or.th . Source: Thai News Agency