mai News :mai welcomes listing of fresh and frozen fruits distributor "NTF" on December 16

mai News 123/2025 December 15, 2025 mai welcomes listing of fresh and frozen fruits distributor "NTF" on December 16 KEY POINTS - NTF Intergroup (Thailand) pcl (NTF), distributor of premium fresh and frozen fruits to customers locally and internationally, will start trading on mai in the Agro & Food industry group on December 16, 2025. - Funds raised will be used to invest in production equipment and tools, repay loans, and as working capital to support business expansion. mai President Prapan Charoenprawatt announced that NTF Intergroup (Thailand) pcl will be listed and start trading on Market for Alternative Investment (mai) in the Agro & Food industry group under the ticker symbol "NTF" on December 16, 2025. NTF operates the business of distributing premium-grade fresh fruits for export and domestic distribution tailoring to customer needs. The company carefully selects quality raw materials that meet food safety standards, particularly choosing partner food packing houses with expertise to pack and export to core customers comprising wholesalers in the fruit markets of Shanghai and Guangzhou in China. In addition, the company has also begun to expand the export market to Hong Kong and the United States. NTF's main types of fruit consist of durian, coconut, longan, among others. Over 90 percent of the revenue comes from the export of durian planted in the eastern and southern regions of Thailand, enabling year-round exports. NTF's products are distributed under the company's own brands and partner customers' brands. During the nine months of 2025, the company's revenue share for the exports of durian and other fruits accounted for 95 percent and 5 percent, respectively, with over 99 percent of the revenue coming from exports to 15 wholesalers in China. NTF Chief Executive Officer Wichai Siramanakul stated that the company is committed to delivering quality products on time and in the agreed-upon quantities to ensure trust from business partners, while building brand attractiveness and recognition among consumers. This is significantly in line with our vision of becoming a leader in elevating agriculture to the agro-industrial level. The funds raised will be used to invest in production tools and equipment, repay loans, and as working capital to support business expansion. Securities offering data: NTF has a paid-up capital of THB 100 million (approximately USD 3.16 million) after the IPO, with a par value of THB 0.50 per share. The company offered 140 million existing shares and 60 million newly issued ordinary shares to subscribers at the underwriters'discretion (totaling 50 million shares), patrons of the company (not over 3 million shares), and the company's directors, executives and employees (not over 7 million shares), during December 4-9, 2025 at THB 6.00 per share. This offering generates a total fundraising value of THB 360 million, with an IPO market capitalization of THB 1,200 million. The IPO valuation reflects the price-to-earnings (P/E) ratio of 5.7 times with the earnings per share of THB 1.05, calculated from the company's trailing four-quarter net profit (from October 1, 2024 to September 30, 2025) of THB 209.4 million, divided by fully diluted shares. KGI Securities (Thailand) pcl is the financial advisor and the lead underwriter. NTF's major shareholders after the IPO are 1) Wichai Siramanakul and family (42.55 percent), 2) Isara Phuwawichianchai and family (26.55 percent), and 3) Oraporn Sridaeng (3 percent). The company's dividend payment policy is to pay shareholders no less than 40 percent of net profit after corporate income tax and all legally mandated reserves, and as specified by the company's articles of association. Investors and interested public can view the company's prospectus via the Securities and Exchange Commission (SEC)'s website at www.sec.or.th, and general information via www.ntfintergroup.com and www.set.or.th. ************************************************* ______________________________________________________________________