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Smothong Group Public Company Limited (the “Company” or “SMO”) and its subsidiaries principally engage in two business segments: (1) the production and distribution of crude palm oil (“CPO”) and related products, such as palm kernel (“PK”) and by-products derived from the production process; and (2) the generation and distribution of electricity from biogas, utilizing by-products from the production process to generate electrical power.

The Company’s main products include crude palm oil (CPO), palm kernel (PK), and by-products from the production process, such as palm shells, chopped empty fruit bunches (EFB), and palm fiber. In addition, the Company operates a business that generates and distributes electricity using biogas fuel.

Crude palm oil (CPO) is an intermediate raw material used in various downstream industries, including the biodiesel, food, and oleochemical industries. It can be further processed into a wide range of products for consumers.

The Company has a dividend payment policy of distributing no less than 50% of its consolidated net profit after deducting all types of reserves required by law and as prescribed by the Company. Such dividend payments must not materially affect the Company’s normal business operations.

The Company sources fresh oil palm fruit bunches as raw materials for production through the Group’s raw material procurement network. The Company places importance on efficient raw material management to ensure an adequate supply for its factory operations and to appropriately meet customer demand.

The operating performance of the crude palm oil business is influenced by various factors, including the quantity and quality of fresh oil palm fruit bunches, crude palm oil prices, prices of related products, domestic and international supply and demand conditions, production costs, energy costs, as well as economic factors and government policies relevant to the palm oil industry.

The Company utilizes by-products and wastewater from the crude palm oil production process to generate biogas, which is then used as fuel for electricity generation. The electricity generated is used for the Company’s own operations and sold to the Provincial Electricity Authority (PEA). This approach enhances resource utilization efficiency and supports the Group’s circular economy concept.

The Company intends to use the proceeds from its IPO for the following purposes: (1) investing in businesses related to the production and distribution of crude palm oil within the supply chain; (2) repaying loans from financial institutions used to expand production capacity; (3) funding projects to improve production processes in line with ESG principles; and (4) serving as working capital for business operations. The Company also continuously discloses the utilization of IPO proceeds in accordance with the relevant regulatory requirements.

Investors can access the Company’s financial statements, Management Discussion and Analysis (MD&A), Form 56-1 One Report, Stock Exchange of Thailand (SET) announcements, and other investor-related information through the “Investor Relations” section of the Company’s website. The Company discloses information in accordance with the requirements of the relevant regulatory authorities.

The Company places importance on conducting its business in accordance with good corporate governance principles, transparency, accountability, and fair treatment of shareholders and stakeholders. The Company has established relevant policies and documents, including the Corporate Governance Policy, Conflict of Interest Prevention Policy, Anti-Corruption Policy, Insider Trading Policy, Whistleblowing Policy, and Policy on the Governance of Subsidiaries and Associated Companies.