Significant Changes Developments of the Company History are as follows:

2019
2018
2017 - 2014
2011 - 2006
2005 - 2003

2019

1

Annual General Meeting of Shareholders in 2019, on 18 March 2019, approved the company to proceed as follows:

  • Transformed into a public company
  • Change the par value per share from 100 Baht to 0.50 Baht.
  • Increase registered capital amount by 110 Million Baht, from the previous registered capital of 300 Million Baht to 410 million Baht, by issuing new ordinary shares in the amount of 220 Million shares with a par value of 0.50 Baht with the allocation details as follows:
    (1) New ordinary shares of 198 million shares offered to the public
    (2) New ordinary shares in the amount of 22 Million shares offered to the Directors, Executives and employees of the company.

In the event that there are remaining shares from the offering to the Directors, Executives, and employees of the company, the ordinary shares will be offered to the public.

2

In order to expand the production of soft plastic containers, on 1 April 2019, the company leased factories and office buildings, located at 470/3-4 Moo 5, Phraeksa, Mueang, Samut Prakan, total area of 5,300 square meter (factory No. 2) from NSPK Company Limited. The Company also purchased machinery and equipment with a value of 38.85 Million Baht, from Holy Plas Company Limited, which has no relationship with the Company.

3

Started production of soft plastic packaging at the factory No. 2 in May 2019.

4

The Extraordinary General Meeting of Shareholders 2019, on 26 September 2019, approved the Company to change the par value per share from 0.50 Baht to 1 Baht. This means the current value of the Company consisted of the total issued and paid-up shares of 300 Million shares. After the change of par value per shares by including the par value, it will increase the capital of the Company and increase shares of the Company that are arranged for sale to the public for the first time (Initial Public Offering) and for sale to Executive Directors and employees.

The changes are as follows:

  1. New ordinary shares of 99,000,000 shares for sale to the public for the first time (Initial Public Offering).
  2. New ordinary shares of 11,000,000 shares for sale to the Directors, Executives, and employees of the company.
    • The Company paid dividends in the year 2019 in the amount of 105 Million Baht, with details as follows:
      - The Board of Directors Meeting 1/2019 on 28 February 2019 approved the dividend payment from the annual operating results 2018 at the rate per share of 30 Baht, totaling to 90 Million Baht.
      - The Board of Directors Meeting 5/2019 on 11 September 2019 approved the payment of dividends at the rate per share of 0.025 Baht, totaling 15 Million Baht.
    • On 19 December 2019, the Company became a publicly traded company in the Stock Exchange of Thailand.

2018

1

Certified by FSSC 22000 UKAS, United Kingdom

2

Increased the registered capital by 50 Million Baht from the previous registered capital 250 Million Baht, to 300 Million Baht, by issuing new ordinary shares in the amount of 500,000 shares with a par value of 100 Baht, offered to the existing shareholders. For the purpose of increasing working capital in the business.

3

The Company paid out dividends in 2018 in the amount of 133.33 Million Baht, with the following details:

  • The Board of Directors meeting 2/2018, on 26 February 2018, had a resolution to approve interim dividend payment at the rate per share of 31.11 Baht, totaling to 77.78 Million Baht.
  • At Board of Directors meeting 13/2018 on 11 October 2018, the Board approved the payment for interim dividends at the rate per share of 22.22 Baht per share, totaling to 55.55 Million Baht.

2017

1

In order to support business expansion in the future, the Company invested in 4 lots of vacant land, with the total area of 13 rai and 28 square wah. The land is located next to the factory. The land was purchased from Miss Fah Sae-Lue, which has no relationship with the company.

2015

1

Purchased the land and buildings used as the factory and office building of the Company (previously rented) from Bang Pheriang Phatthana Company Limited, which has no relationship with the company. The purchased assets consist of 5 lots of land, with the total area of 18 rai 3 ngan, 86 square wah, the factory, and 2-story office building.

2014

1

Certified by FSSC 22000 from SGS (Thailand)

2

Certified by GMP (Good Manufacturing Practice) from SGS (Thailand)

3

Certified HACCP Codex Alimentarius certified by SGS (Thailand)

2011

1

Started production and distribution of soft plastic packaging in the form of 4-sided seal pouch.

2010

1

Relocated the factory location from 128/345 Soi Thai Insurance, Thepharak Road, Moo 1, Bang Sao Thong, Samut Prakan to 189/48-49 Moo 3, Bang Phriang, Bang Bo, Samut Prakan. This is the current location of the factory. The land and office building was rented from Bang Phriang Pattana Company Limited, which has no relationship with the Company.

2006

1

Started the production and distribution of soft plastic packaging, envelope, stand-up pouch, and 3-sided seal pouch.

2005

1

Certified by GMP (Good Manufacturing Practice) and ISO 9001: 2005 certified by Bureau Veritas.

2004

1

The Company was issued a Factory Operation License (Ror Ngor. 4) In February 2004, Starprint Public Company Limited, located at 128/345 and 128/240 Soi Thai Insurance, Thepharak Road, Moo 1, Bang Sao Thong, Samut Prakan.

2

Started the production and distribution of soft plastic packaging in roll form to customers who are consumer goods manufacturers.

2003

1

Registered as "Star Flex Company Limited” on 20 August 2003.