“GLORY” Literary Tech Startup Prepares IPO of 70 million shares, trade mai later this year

Rung Rueng Forever Public Company Limited or “GLORY”, a tech start-up that develops a platform – writes books, novels, cartoons online, continues to raise 70 million shares of IPO, preparing to trade mai within this year, bringing investment funds to develop a platform to support scale up go abroad

Mr. Samritchai Tangharat, Managing Director of Country Group Advisory Company Limited, as a financial advisor of Roong Rueang Forever Public Company Limited or “GLORY” revealed that After the Office of the Securities and Exchange Commission (SEC) has counted one application form for an offer for sale of securities and a registration statement of GLORY. The Company plans to offer an initial public offering (IPO) of 70 million shares with a par value of 0.50 baht per share, equivalent to 25.93% of the total number of issued and paid-up ordinary shares of the Company.

After this public offering of ordinary shares, GLORY expects to be able to offer securities ready to be traded on the Market for Alternative Investment (MAI) within this year.

For the purpose of raising funds this time To prepare to expand investment to develop Platform to support Scale Up to foreign countries Including preparing to translate the copyright of famous Thai literature in Thailand as a prototype for export to foreign markets To open the market of Thai literature online In addition, more to use as working capital in the future

Part of the funds raised from this IPO will be used as working capital. including the purchase of literary copyrights from foreign countries About 70% more than what is currently available. to increase the number of products Support the approach to expand the platform and distribution channels for literature. To provide a comprehensive license to satisfy customers in every target group.

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GLORY is one of the Tech Startup entrepreneurs who develop a literary platform for reading-write novels, comics and books through digital channels. The main distribution channel is through the website. “Kawebook.com” and the application “Kawebook”, which includes both translated literature from foreign languages, translated novels, literature from famous publishers in Thailand. and from freelance writers In line with the company’s vision to be a part of driving the book industry to the online world. Under the support of writers, translators, publishers and cartoon camps To make it easier for readers to access books and connect them around the world.

Mr. Charanpat Boonyang, Chief Executive Officer of GLORY, said that the company aims to expand the export of Thai literature to other countries. In addition to more countries where English is the primary language with English as the medium of translation Including the development of the platform to support foreign languages. This is to support the expansion of the platform for reading-writing online books in the country. and abroad

While the past performance in 2018 – 2020, GLORY has continued to grow. from the increase of literary copyrights on the Platform, including the development of the Platform and increasing distribution channels and a variety of services with revenue from sales and services of 42.52 million baht, 73.49 million baht and 78.42 million baht, respectively, representing an average annual growth rate (CAGR) of 35.81%, while the operating results for the first 6 months of 2021 have from sales and services of 45.44 million baht, representing a growth rate of 19.42% compared to the same period last year. and has a net profit of 7.40 million baht

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Chief Executive Officer of GLORY concluded that The company aims to develop more new platforms. by aiming to expand the customer base in the target group of female readers more from the original company Has been remembered for its outstanding literary style in the fun category. Which has a customer base in the male group aged 18-40 years old, the new platform will develop a feature that will target the audience of female readers. and more adolescents To expand the customer base, readers in new groups, including developing the Platform to be more efficient in using it to create a better user experience (UX)

GLORY has a registered capital of 135 million baht, a paid-up capital of 100 million baht. The company’s shareholder structure consists of Kanda Property Company Limited holding 102 million shares or 51% after the IPO. Reduce the shareholding to 37.78% Mr. Charanpat Boonyang holds 90 million shares or 45% after the IPO will reduce the shareholding to 33.44% after the IPO The company will have full paid-up capital. which will be divided into 270 million ordinary shares


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