"V Beyond Development Public Company Limited, or VBYOND," is moving forward with its goal to grow as a Prop Tech company, providing comprehensive services to real estate clients and related customers (One Stop Service), covering the entire spectrum of real estate business operations. The company has filed with the Securities and Exchange Commission (SEC) to offer 230 million IPO shares to raise funds in the Stock Exchange of Thailand, aiming to expand its business, enhance competitiveness, and develop technology for online services and operational systems, with the goal of becoming a Global Business in the future, with Pie Advisory Co., Ltd. as its financial advisor.

Mr. Woradet Rukpan, CEO of V Beyond Development Public Company Limited (VBEYOND), revealed that the company has submitted a registration statement and draft prospectus (Filing) to the SEC to

offer common shares to the public for the first time, with a total of 230 million IPO shares available for investors, representing 27.71% of the total shares, with a par value of 0.50 baht.

The shares will be listed on the Stock Exchange of Thailand (SET), with Pie Advisory Co., Ltd. serving as the financial advisor.

The funds raised will support VBYOND's growth, enhance credibility, and increase competitive potential. The company intends to use the funds for: 1. Working capital to expand operations related to its current business, such as funds for deposits to acquire sales management rights and for developing second-hand housing projects; 2. Funding for technology development for online services and operational systems; and 3. Working capital for business operations.

V Beyond Development Public Company Limited (VBEYOND) operates as a broker and agent in real estate and related businesses online, excluding insurance, membership recruitment for associations, and securities trading. The company aims to grow as a Property Technology Company (Prop Tech), providing comprehensive services to real estate clients and related customers (One Stop Service), covering the entire spectrum of real estate business operations, such as real estate brokerage, contractor sourcing for design, repair, construction, and interior decoration, as well as property rental services, and developing second-hand properties for sale.

Currently, the business structure within the group is divided into three business segments: 1. Brokerage and agency for buying and selling real estate and contractor sourcing services; 2. Real estate rental business; and 3. Investment in property development for renovation and resale of second-hand homes.

VBEYOND is committed to addressing consumer needs and understanding behaviors in the modern real estate business and various services by transforming complex issues into simple solutions. The company aims to grow as a Property Technology Company (Prop Tech), integrating various types of real estate products into a single platform that meets all real estate needs, including buying, selling, renting, repairing, constructing, decorating, and investing, while offering products and services that resonate with consumers through an intelligent search system, thereby driving business growth towards the goal of becoming a Global Business in the future.

Mr. Samritchai Tangharat, as the financial advisor of Pie Advisory Co., Ltd., commented on VBYOND's performance over the past three years (2021-2023), stating that the company had total revenues of 194.19 million baht, 217.67 million baht, and 303.86 million baht, respectively. In the first three months of 2023-2024, the company reported total revenues of 104.46 million baht and 57.33 million baht, with net profits of 27.07 million baht, 58.55 million baht, and 112.03 million baht, representing net profit margins of 13.94%, 26.88%, and 36.87%, respectively. Over the three years, the company has consistently increased its net profit year-on-year due to the growth of its brokerage business, continuous expansion into related businesses, such as starting contractor sourcing in 2021 and developing second-hand properties for sale in 2022, along with effective cost management, leading to higher net profits each year.

For more information, please contact V Beyond Development Public Company Limited.

Panida Kunwong (Nok) (Senior Corporate Communication Manager)

Phone: 086-837-1892 Email: [email protected]