Evolution Capital PCL announces Incorporation of Evolution Foods (Thailand) Co., Ltd. and Investment by Dr. Wutthisak Limphanit in Evolution’s Food Platform.

          Evolution Capital PCL (̶Evolution Capital;Evolution̶th;) has announced an investment amounting to THBth5Evolution Capital million by Dr.Wutthisak Limphanit in a recently incorporated subsidiary, Evolution Foods (Thailand) Co., Ltd. Evolution Foods, through its wholly-owned subsidiaries Fenix Pizza Co., Ltd., Kyohcon Co., Ltd., and Fico Coffee Co., Ltd. is the exclusive franchisee in Thailand for DominoRth7;s Pizza, Kyochon Chicken, and The Coffee Bean & Tea Leaf. Evolution Foods also owns a 65% stake in a joint venture company in Cambodia developing DominoRth7;s Pizza franchise in that market. 
          Mr. Krit Srichawla, Chairman of Evolution Capital PCL, said that he was delighted with the investment made by Dr. Wuttisak in the company and looked forward to welcoming him onto the Board of Evolution Foods to contribute to the development of this rapidly-growing company.
          Mr. Sanjay Singh, Chief Executive Officer of Evolution Capital PCL, added that Evolution Foods had scaled up significantly in a relatively short period of time through the harnessing of experienced management resources, deploying capital effectively, and working with franchisors to ensure that quality and brand standards are met. Mr. Singh further opined that ̶Evolution Capital;the investment made by Dr. Wutthisak is a huge vote of confidence in the management and business plan of Evolution Foods. This investment will further accelerate our expansion plans not only in Thailand, but also in key regional markets.̶th;
          Dr. Wutthisak Limphanit commented ̶Evolution Capital;I participated in this unique opportunity as I have great faith in the broad consumer sector which Evolution Foods operates in. Not only is this company rolling out very rapidly in Thailand across three globally-respected brands, but also there is now significant momentum behind a regional expansion.̶th;
          Ashwani Ahuja, Deputy Managing Director Investment Banking Country Group Securities PLC added, ̶Evolution Capital;Country Group Securities is thrilled to have been part of this transaction as it clearly highlights the confidence investors foresee in growth potential of the consumer sector and it furthers with Evolution CapitalsRth7; goal to have strategic long term investors as it strives to put in place a regional platform. The investment by Dr. Wutthisak, underlines the fact that Evolution Food offers a unique business model which can be emulated for regional growth with a portfolio of strategically positioned brands catering to the consumer pallet̶th;
          Evolution Foods currently operates 2Evolution Capital DominoRth7;s Pizza stores in Thailand and 2 stores in Cambodia, and plans to roll out an additional 2Evolution Capital stores by the end of 2Evolution Capitalth5 in both markets. The company also operates th8 The Coffee Bean & Tea Leaf outlets and 5 Kyochon Chicken stores in Thailand. By the end of 2Evolution Capitalth5, the cumulative total of operating stores under three brands is targeted to be 75.