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Company Background

Important changes and Developments

Important changes and developments as follow;


In 1978

The Company started its business to the distribution of occupational safety, health, and environment products, managed by Mr.Chavalit Wangthamrong.

In 2007

The Company had moved its office to the present office at Lumlukka, Pathumthani which consists of the headquarter building and the storage building.

In 2008

The Company became a public company limited and registered with an increase of capital of Baht 135 million.
The Company also received the certificate of quality standard of ISO 9001:2000 from UKAS & GLOBAL.

In 2009

The Company expanded its business into environment, the water treatment system.

In 2010

The Company is a listed company on the MAI with the trading symbol of “PHOL” on December 9, 2010.
The Company had moved Rayong branch office to the present office at Muang District, Rayong province which consists of the headquarter building and the storage building.
The Company also received the certificate of quality standard of ISO 9001: 2008 from UKAS & GLOBAL

In 2012

The Company established its branch in Muang district, Phuket Province. Currently, the company has 3 branches at Rayong in Eastern part, at Chiang Mai in Northern part and at Phuket in Southern part
The company expanded its business into Myanmar by establishing Aekar Co., Ltd. as its authorized distributor in Myanmar
The Company also received the certificate of occupational health and safety management systems OHSAS18001:2007
The Company was awarded the "Top Corporate Governance Report" certificate at the SET Awards 2012 and Excellence CG Scoring from Corporate Governance Report of Thai Listed Companies 2012.

In 2013

The Company established Phol Palladium Co., Ltd to distribute occupational health and safety products to government agencies, with the value of investments was accounted 99.99% of its registered capital of 1 million baht
The Company established Pholdhanya (Cambodia) Co., Ltd. to distribute the Water treatment products, with the value of investments was accounted 70 percent of its registered capital of Riel 1,200,000,000 (approximately USD 300,000 or Baht 9.5 million baht) In 2015, the Company negotiated to acquire the Subsidiary, Pholdhanya (Cambodia) Co., Ltd. The remaining 30 percent of paid-up capital shares at a price of 1 baht, due to the operating result reported loss. The value of investments was accounted 100 percent. However, the Company has ceased its operations due to no suitable business plans and to reduce the total operation expenses of the subsidiary.
The Company was awarded the "Top Corporate Governance Report" certificate at the SET Awards 2013 and Excellence CG Scoring from Corporate Governance Report of Thai Listed Companies 2013.
The Company received the MAI Special Encouragement from Board of the Year Awards 2013

In 2014

The Company has established the subsidiary, Phol Water Co., Ltd. To operate in water treatment by providing an all-rounded services, including distribution, engineering design, construction and maintenance services for both the public and the private sector. The value of investments was accounted 99.99% of its registered capital of 10 million baht. In 2017, the subsidiary increased the registered capital to 50 million baht. The company invested in the newly issued ordinary shares in the subsidiary company. The value of investments was accounted 99.99% of its registered capital of 50 million baht
The resolution of Annual General Meeting 2014 approved to increase ordinary share capital 27,000,000 shares at par value of Baht 1 each from the existing share capital of Baht 135 Million to Baht 162 Million in order to reserve for the stock dividend to the shareholders.
The Company received an "SET Award of Honor" Corporate Governance Report from SET Awards 2014 and Excellence CG Scoring from Corporate Governance Report of Thai Listed Companies 2014.

In 2015

The Company received The Honorable Mention-MAI from “Board of the Year Awards 2015”
The Company has signed the declaration of intention to join the Private Sector Collective Action Coalition Against Corruption (CAC)

In 2016

The Company increase the registered capital to 251 million baht by issuing new ordinary shares, 40.50 million shares to the existing shareholders of the Company according to their shareholding position (Rights Offering), 40.50 million shares to support the exercise of warrants (PHOL-W1) and 8 million shares to support the rights adjustment of ESOP warrant allotted to Board of Director and employee of the Company (ESOP-Warrant).
The Company received a membership certificate of the Private Sector Collective Action Coalition against Corruption (CAC).

In 2017

The Company also received the certificate of quality standard of ISO 9001:2015 from UKAS & GLOBAL

In 2019

The company reduced the registered capital by 40.50 million baht to 210.50 million baht by canceling ordinary shares to support the exercise of the warrants to purchase ordinary shares of the company no. 1 (PHOL-W1) that has not been issued, amounting to 40.50 million Baht
The Company received a re-certificate of the Thailand’s Private Sector Collective Action Coalition against Corruption (CAC)
The Company was listed on Thailand Sustainability Investment (THSI) 2019 in the group of companies listed on the Market for Alternative Investment (mai).

In 2020

The Company received Excellence CG Scoring from Corporate Governance Report of Thai Listed Companies 2020 for the sixth consecutive year, held by Thai Institute of Director Association (IOD).
The Company was listed on Thailand Sustainability Investment (THSI) 2020 for the second consecutive year in the group of companies listed on the Market for Alternative Investment (mai).

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