The May Market accepts CFARM shares, and begins trading on June 6 with a market cap of 783

Mr. Pravan Charounprawat, Director of the May Stock Exchange, revealed that the May Stock Exchange accepted Chuwit Farm Public Company Limited (2019) for registration and began trading in May under the Agriculture and Food Industry Group, using the abbreviation in securities trading as “May Securities”. “CFARM” on June 6, 2024

CFARM operates the cattle ranch business. The type of farm that raises broilers for major contractors in Thailand is in the form of a contract farm with a price guarantee. Broilers are raised in homes using a closed air conditioning system (evaporative cooling system: EVAP), with the contracting party providing the chicks. Food and Medical The company raises broilers to specified weight and quality and sells them back to contract parties, including Betagro, CPF, Sunfood, Panus Poultry, Saha Farm, Laemthong, etc. The company owns 8 chicken farms located in 4 areas in Buriram province. The company invests in residential and agricultural equipment according to the standards of the Livestock Development Department. It supports the rearing of approximately 3.18 million broiler chickens per crop cycle or 15.88 million birds annually, and in the first quarter of 2024, the company derives 94 percent of its income from broiler rearing according to the contract, while the remaining 6 percent is income from sales by . – Products and other revenues

CFARM has a paid-up post-offer capital of 580 million baht with a nominal value of 1.00 baht per share, consisting of 431 million existing ordinary shares and 149 million additional ordinary shares, of which 111.75 million will be offered to individuals at an estimate. 22.35 million shares have been offered to beneficiaries of the company, and 14.9 million have been offered. 1 million shares to directors, executives and employees from May 27 to 29, 2024 at a price of 1.35 baht per share, representing an initial public offering value of 201.15 million baht. The value of the securities at the subscription price is 783 million baht

When determining the IPO price, the ratio of price per share to net earnings per share (P/E ratio: P/E ratio) is 26.18 times, calculated from net profit over the past 12 months. (from April 1, 2023 to March 31, 2024) divided by the number of ordinary shares issued and paid up after this (fully diluted) share offering, will receive net earnings per share equal to 0.05 baht, with Set Pro Management Company Limited is a financial advisor. UOB Kay Hian Securities (Thailand) Public Company Limited and Beyond Securities Public Company Limited are joint guarantors.

Mr. Chorat Chongthanasomboon, Managing Director of CFARM, revealed that the company aims to be a broiler breeder of quality and international standards. With a management team and staff with over 20 years of experience, they have expertise in the livestock industry. The money received from the fundraising will be used to build a farm. Greenhouse improvement Investing in a solar energy system Improving business systems to increase efficiency and reduce production costs Used to partially repay loans from financial institutions. And use it as working capital for business operations

The main shareholder of CFARM after the IPO is the family of Mr. Chuwit Jungthanasomboon, which owns 74.31 percent of the shares, and the remaining 25.69 percent is an offering of ordinary shares to the general public. The company follows a policy of paying dividends to shareholders at a rate of no less than 40 percent of the net profit of the company's financial statements after deducting taxes and legal reserves.