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Significant changes and developments

Major developments of the Company and its subsidiaries can be summarized as follows.

24 August 1992, established KC Chiang Mai Food Industry Company Limited. Where Malee Sam Pran Company Limited holds 25 percent to produce and distribute canned fruit products and the factory is situatuated in Chiang Mai.
Mr. Ongart Kittikhunchai and his family bought shares in Malee Sam parn Company Limited, holding afterward altogether 25 percent of listed capital.
On 25 December 1997 , established Sunsweet Company Limited with listed capital of 1.00 Million Baht divided into 10,000 common shares worth 100.00 Baht pershare which was an investment of Ms. Jiraporn Kittikhunchai, Mr. Ongart Kittikhunchais’ wife. The company Chang Phueak, Amphoe Mueng Chiang Mai, Chang Wat Chang Mai with purpose to distribute and export agricultural products such as onions and fresh vegetables.
In February 2000, the company relocated to its current location, No. 9 Moo 1 Toongsatok, Sanpatong, Chiang Mai, which is the current address of the company.
On March 27 ,2002 Mr. Ongart Kittikhunchai along with 3 other businessman established Tongta Company Limited (currently is Sunsweet Bio Energy) with listed capital of 1.00 Million.The purpose of business is Bio Gas Power Plant.
On July 16 ,2002 , Sunsweet Company Limited increased its listed capital from 1.00 million Baht to 50.00 million Baht by issuing more common shares of 490,000 shares to existing shareholders and proportions. New shares are issued at 100.00 Baht per share to support business expansion.
On November 2002, Sunsweet Company Limited purchased assets from KC Chiang Mai Food Industry Company Limited. Assets that were purchased included land, buiding, tools, equipments such as steam sterilizer , lid closing machine, packaging machine, tomato boiling machine, and corn manufacturing machine to use in Sunsweet’s business.
On 29 September 2005, Kittikhunchai family established KC World Food Company Limited (now Sunsweet International Company Limited) , with 100,000 Baht registered capital, to engage in agricultural products trading business.
On 23 April 2007, the company increased registered capital to 100 million Baht to support business expansion by issuing 500,000 new shares to exiting shareholders by exiting proportions at 100.00 Baht per share.
KC Chiang Mai Food Industries Limited stop business operations and there are no revenue since 2007.
Sunsweet Company Limited begins production and distribution of procrssed sweet corn as the main business of the company.
The company received the 1st prize for the 2nd National SMEs Contest in food manufacturing business group (National Award 2009) from the Office of Small and Enterprises Promotion.
On August 2009, the company received ISO 14001:2004 standard for canned sweet corn production.
On December 2009, the company was certified by the Hazard Analysis and Critical Control Points: HACCP for canned sweet corn, canned sweet corn soup, sweet corn retort pouch, and frozen sweet corn by SGS United Kingdom Ltd in the United Kingdom under the approval of United Kingdom Accreditation Service (UKAS) and approval of National Bureau of Agricultural Commodity and Food Standards (ACFS) which is under the Ministry of Agriculture and Cooperatives.
On 9 September, 2009 Tongta Company Limited changed its name to Sunsweet Bio Energy Company Limited.
Received the Prime Minister’s Industry Award 2010 from Ministry of Industry.
On 22 April, 2010, KC World Food Company Limited changed its name to Sunsweet International Company Limited.
Received a prize for excellent export of goods and services (Thailand Prime Minister’s Export)
On July 2011, the company received the British Retail Consortium Standard (BRC) for the production of canned sweet corn by SGS United Kingdom Ltd in the United Kingdom under the approval of United Kingdom Accreditation Service (UKAS)
Set up new factory to manufacture frozen sweet corn at the same area as the current factory.
On May 2013, the company received Good Manufacturing Practice Standards ( GMP) from SGS United Kingdom Ltd in United Kingdom under the approval of United Kingdom Accreditation Service (UKAS) and National Bureau of Agricultural Commodity and Food Standards which is under the Ministry of
On 26 August 2014, Kittikhunchai family and 4 partners esablished So Sweet Company Limited to distributed processed sweet corn product for franchise retail business.
On June 2015 , The company received Good Manufacturing Practice (GMP) certificate for packing house for sweet corn, green soy bean, and asparagus according to Thai Agricultural Standard TAS 9035-2553 from Department of Agriculture, Ministry of Agriculture and Cooperatives. On October 2015,The company also received International Food Standard (IFS) for canned sweet corn, canned corn soup, sweet corn in retort pouch, and frozen sweet corn from SGS-International Dertification Service GmbH, Germany. On December 2015 ,The company received Certificate of Manufacturer for packaging and frozen food products.Also, The company signed contract to purchase Hydrolock machine from Hydrolock SAS, France. Hydrolock machine is a continuous sterilizer that replaces the traditional batch retorts. The strength of the new machine is the reduction of time and energy used to kill germs. This will increase product quality, reducr production costs, and flexible to use with multiple packages. Is to reduce the time and energy used to kill germs.
 Reorganized the company structure by Sunsweet Company Limited (SUN) bought shares in (1) Sunsweet International Company Limited 99.99% (2) Sunsweet Bio Energy Company Limited 99.98% and (3) So Sweet Limited 99. 99% from existing shareholders. Consequently, those 3 companies become SUN’ s subsidiaries.
 December 26, 2016 The Extraordinary General Meeting of Shareholders No. 3/2016 of Sunsweet Company Limited passed a resolution approving the increase of its registered share capital from Baht 100.00 million to Baht 108.00 million by issuing 80,000 new ordinary shares. Offered to existing shareholders in proportion to the offering price of Baht 100 per share, the registered capital of Sunsweet Company Limited is in accordance with the terms and conditions of the Board of Directors, The Board of Investment (BOI).
On 24 April 2017, the Board of Directors No. 2/2017 of Sunsweet Company Limited approved to sell all shares held by the company in Sunsweet Bio Energy Company Limited and in So Sweet Company Limited to Mr. Ongart Kittikhunchai.
May 11, 2017, the Extraordinary General Meeting of Shareholders No. 3/2017 resolved to approve the following agendas:
1) Approved the interim dividend payment to shareholders, at the rate of Baht 43.50 per share, totaling Baht 46.98 million.
2) Approved the increase of registered capital from baht 108.00 million to Baht 150.00 million by issuing 420,000 new ordinary shares with a par value of Baht 100 each, offered to the existing shareholders in proportion to the offering price of Baht 1 0 0 to structure capital for preparation for listing on the Market for Alternative Investment (mai).
On 17 July 2017, the company proceeded to sell all shares held by Sunsweet Company Limited in Sunsweet Bio Energy Company Limited and So Sweet Company Limited to Mr. Ongart Kittikhunchai.
August 31, 2017 The Extraordinary General Meeting of Shareholders of Sunsweet Company Limited No. 4/2017 resolved to approve the following major agendas:
1) Approved the Transformation into a public company and changed its name to “Sunsweet Public Company Limited”.
2) Approved the change of the par value and adjusted the number of ordinary shares of the Company. After the change of par value, Sunsweet Company Limited have 300.00 million fully paid-up ordinary shares with a par value of Baht 0.50 pershare.
3) Approved the increase of the registered capital of Sunsweet Company Limited by issuing new ordinary shares, to raise and Offering the Company’s shares to the public (IPO) in the amount of Baht 65.00 million, divided into 130.00 million ordinary shares with a par value of Baht 0.50. After the capital increase, Sunsweet Company Limited, the registered capital was Baht 215.00 million divided into 430.00 million ordinary shares with a par value of baht 0.50 per share.
4) Approved the allotment of 130.00 million new ordinary shares of Sunsweet Company Limited at the par value of Baht 0.50 per share, to be offered to the public for the first time (Initial Public Offering: IPO) or 30.23% of the total paid-up capital after the IPO.
5) Approved the listing of the Company’s ordinary shares on the Market for Alternative Investment (mai).
On 4 September 2017, the company changed from Company Limited to Public Company Limited with the Ministry of Commerce, by using the name Sunsweet Public Company Limited.
November 13, 2017 The Board of Directors’ Meeting No. 3/2017 passed a resolution approving the interim dividend payment to the existing shareholders (before the IPO) of 300,000,000 shares at the rate of Baht 0.15 per share, totaling Baht 45.00Million. The dividend payment will be made within November 24, 2017. The Company paid such dividend to the shareholders on November 21, 2017.
December 28, 2017 Sunsweet Public Company Limited or SUN is the first day trade on the Market for Alternative Investment (mai).