KCG Corporation Public Company Limited or KCG, a leader in producing, distributing, and importing butter, cheese, and other top-quality ready-to-eat products from all over the world, is ecstatic with the response to its IPO from both retail and institutional investors. The initial public offering of shares on the Stock Exchange of Thailand (SET) is scheduled for August 3. KCG is moving forward to invest in the KCG Logistics Park construction to improve the manufacturing process's technology, expand cheese and butter production capacity, and develop new products and innovations in order to promote domestic and international growth.

Mr. Pichet Sithi-Amnuai, Managing Director of Bualuang Securities Public Company Limited, as well as the financial advisor and the underwriter, confirmed that the initial public offering of KCG Corporation Public Company Limited had shares in the amount of 155 million shares at a par value of 8.50 Baht per share on July 20-21 and 24 and was well received by investors. This reflects their confidence in the future growth potential of KCG and its solid fundamentals. The first trading day on the Stock Exchange of Thailand (SET) is scheduled for August 3.

Dr. Watit Tamavimok, Chief Executive Officer and Managing Director of KCG Corporation Public Company Limited, or "KCG", stated that the listing on the Stock Exchange of Thailand is a major milestone towards strengthening KCG's business operations. KCG plans to increase investments in order to upgrade production technology, build a new distribution center and warehouse, and develop new products and innovations in order to become a market leader in Thailand in producing and importing butter, cheese, and high-quality ready-to-eat products from around the world. The Company is committed to delivering taste-pleasing food products of superior quality, sourcing raw materials, and selecting top-quality brands from around the globe to meet the lifestyles of domestic and international consumers of all ages and genders.

The Company's investment plan for 2023 and 2024 is to increase the production capacity of individually wrapped processed cheese slices and butter to 4,212 and 23,261 tons per year, respectively. KCG also intends to construct the KCG Logistics Park, a distribution center and warehouse, to facilitate domestic and international expansion. Additionally, KCG will be focusing on expanding distribution channels to B2C customers through convenience stores and focusing on improving the service to B2B customers by offering a comprehensive selection of products on the online platform by upgrading the logistics of the Cold Chain Fulfillment system in order to transport various categories of goods and expand international markets via distributors. This is expected to increase export revenue growth over the next three years.

Furthermore, KCG aims to create growth both domestically and internationally through joint ventures or mergers and acquisitions (M&A) by focusing on businesses that can enhance the Company's growth potential through upstream businesses, such as producers of raw materials for milk fat, cheese, palm oil, etc. This will help to strengthen the value of the supply chain and also increase the procurement capacity and the efficient management of raw material costs. This will also increase the Company's competitiveness and contribute to its sustainable economic growth.