The Securities and Exchange Commission (SEC) has approved the filing of Siwarak Real Estate Public Company Limited ("SVR") to offer up to 130 million shares in an IPO, preparing for registration on the Market for Alternative Investment (MAI). The company aims to raise funds to support its plans for new project developments, aspiring to become a leading property development firm in the country under the "Best Smart Living" concept, driven by the 4 "S" SMART strategy. SVR has shown continuous growth, with sales revenue reaching 532 million baht and a net profit of 36 million baht in the first nine months of 2022, highlighting its potential as a high-growth low-rise property developer.

Mr. Ekachak Buahapakhadi, Managing Director of Capital One Partners Co., Ltd., disclosed as the financial advisor for SVR's listing on the Stock Exchange of Thailand under the ticker symbol "SVR". After SVR submitted its application for permission to offer securities and the filing for the initial public offering (IPO) of up to 130 million shares, which represents no more than 25.49% of the total issued and paid-up shares after the offering, with a par value of 1.00 baht. The SEC officially acknowledged the filing on December 2, 2022. Currently, the company is considering the timing for the IPO and the listing date on the MAI. The funds raised will be used for property development projects, repayment of short-term loans, and future working capital.

Siwarak "SVR" is a low-rise property development company under the "Best Smart Living" concept, focusing on residential projects such as townhouses, single-family homes, and duplexes in Bangkok, its suburbs, and provinces with high growth potential. Each project emphasizes service differentiation and home design that caters to every lifestyle and generation by selecting locations with potential near community hubs, workplaces, and transportation infrastructure (main roads, expressways, and train stations). This strategy is reflected in its performance for the first nine months ending September 30, 2022, with total revenue of 532 million baht and a net profit of 36 million baht. In 2021, sales revenue was 576 million baht with a net profit of 64 million baht; in 2020, sales revenue was 557 million baht with a net profit of 42 million baht; and in 2019, total revenue was 243 million baht with a net loss of 5 million baht.

The continuous growth in performance demonstrates the company's resilience in overcoming the economic challenges posed by the COVID-19 pandemic over the past three years, significantly reflecting the growth in revenue and profit for Siwarak "SVR". This growth rate, combined with plans for developing new low-rise residential properties, aligns with the company's commitment to innovation in living solutions and enhancing quality of life across Bangkok and its suburbs, focusing on areas with high population growth and expanding transportation networks, as well as industrial estate expansions. These factors further emphasize the growth potential of Siwarak "SVR" towards becoming a high-growth company in the future.

Mr. Atthapawit Manothamraksasa, Managing Director of Siwarak Real Estate Public Company Limited ("SVR"), stated that the plan to list on the MAI represents a significant milestone for Siwarak "SVR". The purpose of this fundraising is to develop various projects that will be continuously launched in key locations, aiming to become a leading property development company in the country through a strategy of developing real estate structures under the "Best Smart Living" concept driven by 4 "S" SMART.

1.) SMART Location: Focus on selecting project locations based on the surrounding environment and economic conditions that are suitable for property development. 2.) SMART Function: Emphasize designing homes that meet the changing lifestyles of all ages and genders, responding to modern consumer lifestyles while maximizing the utility of living spaces.

3.) SMART Value: Focus on aligning project designs with residents' needs, prioritizing quality materials and standards, and maximizing utility in prime locations to create value and satisfaction for consumers when purchasing homes. 4.) SMART Home: Focus on integrating modern technology and smart networks into homes, allowing control via mobile devices or computers to enhance convenience and safety for residents, under the slogan "Easily controlled, accessible from anywhere".

This key business aligns with the company's vision and mission to continuously innovate in property development, products, and services to meet all lifestyle needs while delivering quality communities with sustainable happiness through the development of product quality, services, and organizations that keep pace with changes, as well as addressing customer needs at all price levels and generations to create sustainable growth alongside customers, partners, shareholders, and employees.

Currently, Siwarak "SVR" is developing residential projects that include single-family homes, duplexes, and townhomes in Samut Prakan province, particularly in Bang Pu and Thepharak areas, as well as in Rayong province's industrial estate expansion areas, with a total of 9 projects valued at approximately 4,639 million baht, including 1.) Siwarak Park (Sukhumvit-Bang Pu), 2.) Siwarak Nature Plus (Sukhumvit-Bang Pu), which together account for a project value of 957 million baht and have already been sold out.

Additionally, there are 3.) Siwarak City (Nikhom Phatthana-Rayong), 4.) Grand Siwarak (Sukhumvit-Bang Pu), 5.) Siwarak Village (Sukhumvit-Thepharak), 6.) Siwarak Nature Plus (Assumption-Sriracha), 7.) Siwarak Nature Plus 2 (Sukhumvit-Bang Pu 83), and 8.) Siwarak Village (Sukhumvit-Bang Pu 58), with a total project value of 2,995 million baht currently under sale and development. Meanwhile, 9.) Siwarak Village (Chaiyaphruek-Ring Road) has a project value of 686 million baht and is under development. All of Siwarak "SVR"'s projects that are open for sale have received positive responses from customers due to our focus on developing home designs that align with current resident lifestyles and providing comprehensive service differentiation. This attention to detail has positioned us as a rapidly growing low-rise residential property development company.

"With Siwarak's strategy, we aim to develop low-rise residential properties in all price ranges from 1 to 7 million baht, with land sizes not exceeding 50 rai per project, allowing us to diversify project development across various areas that meet demand without creating excess supply. This results in our projects being sold out within 1 to 3 years, aligning with consumer demand."