SET welcomes processed foods manufacturer and distributor "CH" on September 12

SET Senior Executive Vice President Manpong Senanarong said that CH would list and start trading on SET in the Agro & Food Industry industry group, Food & Beverage sector.

CH has focused on exporting products to more than 50 countries including the United States, Canada, Japan, the Republic of the Union of Myanmar, People's Republic of China, Italy, the Netherlands, India, Taiwan, France, Kuwait and United Arab Emirates The company offers contract manufacturing (OEM), bulk packing to industry and large-scale retailers, as well as selling products under the company's proprietary brands, such as dehydrated fruits under the brands EROS and Bangkok Tasty; canned fish under the brands Sumaco, Eiffel Tower, Apache, Triangle and Battleship; healthy snacks under the brand Granola; and vacuum fried vegetables and fruits as well as plant-based snacks under the brand Meble.

CH has a registered paid-up capital of THB 400 million, consisting of 640 million existing common shares and 160 million newly issued shares, with a par value of THB 0.50 each. It offered the newly issued shares to the general public during September 1-2, and 5 at THB 2.34 each, for a total of THB 374.40 million. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 17.63 times. Asset Pro Management Co, Ltd. is its financial advisor and Finansia Syrus Securities pcl is the lead underwriter.

CH Chief Executive Officer Sakda Srisaengnam said that given the company's strong foundation based on long-time experience and expertise in processed food production inherited from generation to generation of directors, executives and personnel, the company's products have been well accepted by both local and international customers. The company will turn 100 years old in 2025, and is determined to continue to do business in a sustainable manner. The fundraising and listing on SET have brought multiple benefits: to improve the production plants, to construct additional warehouses to increase efficiency and reduce production costs, and to enhance liquidity, which will strengthen both the financial position and capability to grow the business. In addition, the company will also be transformed from a family business to a more systematic business with professional management.

The company's dividend policy is to pay no less than 40 percent of net profit from the company's separate financial statement after various reserves required by and the company's regulations. Such dividend payment is subject to change based on the company's operating results and financial position, liquidity, business expansion plan, other necessary expenditure and suitability in the future, and other related factors.

CH's top 10 shareholders after the IPO are CH Family Co., Ltd. and the founder group (54.87 percent in total).

Investors and interested parties please find details from the company's prospectus at the Securities and Exchange Commission's website at www.sec.or.th; and for general information, please visit www.chinhuay.com as well as www.set.or.th.

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