SCG Decor is preparing to enter the stock market stating that COTTO’s tender price has a premium and is expected to grow 6 times after the merger

This is a business restructuring. As a result, COTTO shareholders will become shareholders of SCG Decor, a leading Asian decorative and bathroom equipment company. and continues in indirect Shareholder status of COTTO and companies in the SCG Decor group

On May 23, COTTO will present the restructuring plan to the Special General Meeting of Shareholders for approval to delist the Company’s shares. leaving the stock market which is an important condition It must be approved by the shareholders’ meeting. with a vote of not less than three fourths of all shareholders and there should not be more than 10% of COTTO’s opposition to the delisting

Once COTTO is approved by the shareholders’ meeting, SCG Decor will submit an application for permission to sell securities and a registration statement for a securities offering (filing) to the SEC to approve the common share offering for an initial public offering ( IPO) after the form The filing is effective SCG Decor will commence a tender offer for all COTTO shares at a price of 2.40 baht per share, payable in the form of newly issued ordinary shares of SCG Decor, which will occur at the same time as the offer. The SCG Decor IPO shares will be delisted from the UDG after the tender offer has been completed.

The offer price of 2.4 baht is based on discounted cash flow, similar previous tenders. and the average historical market price which is a reasonable price and premium providing the greatest benefit to shareholders

After the restructuring by merging companies in the floor tiles, wall tiles and bathroom products business group of SCG under SCG Decor, it will improve competitiveness through business synergy by expanding Products and services covering all surface finishing materials and equipment a bathroom Including distribution channels throughout the ASEAN region And the market growth is expected to increase 6 times within 5 years.

with a group of subsidiaries operating in Thailand Vietnam Philippines and Indonesia as follows

1.SCG Ceramics Public Company Limited or COTTO operates the business of manufacturing and distributing floor and wall tiles in Thailand We are the number 1 seller of ceramic tiles in the country with a market share of 33.0%.
2.Siam Sanitary Ware Co., Ltd. (SSW) operates the business of manufacturing and distributing bathroom equipment in Thailand and exporting to foreign countries Position No. 1 in sales of bathroom products in the country with a market share of 32.8%.
3.Main Group operates the business of selling and distributing floor and wall tiles in Vietnam No. 1 in sales in the country with a market share of 26.4%.
4.Mariwasa-Siam Ceramics, Inc. (MSC) operates a floor and wall tile manufacturing and distribution business in the Philippines No. 1 in sales in the country with a market share of 16.8%.
5.PT Keramika Indonesia Association, Tbk (KIA) operates the business of selling and distributing floor and wall tiles in Indonesia which has a population of 274 million, the highest in ASEAN

In terms of growth goals, this 3-5 year period will be informed by 5 Strategies to Become a Leader in Surface Finishing and Sanitary Ware Business in ASEAN 1. Expand the bathroom equipment business (Bathroom) from Thailand to become a leader in ASEAN. 2. Continue the strength of the Decor Surfaces business in Thailand and in ASEAN 3.Expand business to related products and services Emphasize being a leader in providing integrated services. 4. Manage the supply chain in terms of production and procurement with maximum efficiency (Regional Optimization and Global Sourcing Powerhouse) 5. Grow consistently and sustainably with first class standards.