Company Background

The Company was incorporated on 8 December 2016 with a registered capital of Baht 1.00 million by Ms. Nicha Rojwatana and Mr. Suriya Wongsittichaikul, both of whom possess extensive expertise and experience in real estate brokerage. Prior to the incorporation of the Company, they operated as independent real estate brokers, providing brokerage services to various property development projects. Through their strong sales performance and efficient service delivery, they gained recognition among property developers and other real estate brokers within the industry. Recognizing the growth potential of the real estate brokerage business, they established the Company to provide brokerage services for residential real estate projects, including single-detached houses, semi-detached houses, townhomes, and condominiums, to property developers. The Company aims to become a leading real estate brokerage firm by leveraging its nationwide network of real estate agents and implementing proactive marketing strategies. The Company operates sales offices and participates in housing and condominium exhibitions, as well as promotional events at shopping centers, enabling it to effectively reach prospective homebuyers while enhancing its brand recognition among independent real estate agents nationwide.

In 2017, the Company identified a business opportunity in providing services to real estate developers, particularly small and medium-sized developers with high-potential projects located in attractive locations but lacking experienced sales and marketing teams capable of effectively addressing the needs of homebuyers. As a result, many of these projects experienced a significant accumulation of unsold inventory (cumulative unsold units).To address this market gap, the Company transformed its business model from a traditional real estate brokerage firm into a project sales consultancy business (BU1). Under this model, the Company provides marketing and sales consulting services to property developers, assisting them in improving sales performance and reducing unsold inventory.The Company’s key strategy is to leverage its extensive network of independent real estate agents, enabling broader and more targeted access to potential customers. In addition, the Company offers flexible sales promotion programs tailored to the preferences and purchasing behavior of homebuyers, allowing projects to achieve faster sales and improved sales efficiency.

In 2021, the residential property market experienced a slowdown due to unfavorable economic conditions, the impact of the COVID-19 pandemic, and high mortgage loan rejection rates by financial institutions. As a result, property developers adopted various strategies to maximize sales and property transfers, leading to intense competition within the residential real estate sector, particularly in terms of pricing and promotional campaigns.Consequently, the Company’s target customers, consisting primarily of small and medium-sized property developers, faced increasing pressure from price competition, declining sales, and challenges in competing with larger developers. Under these circumstances, the Company continued to gain the trust of such developers and was consistently engaged to provide project sales consultancy services (BU1).Building upon its expertise and industry experience, the Company subsequently expanded its service offerings to include project sales management services (BU2). This business model provides services similar to those under the project sales consultancy business (BU1), while incorporating sales guarantee arrangements to enhance confidence among project owners and support their sales objectives.

In 2022, the Company commenced its property trading business (BU3) by acquiring quality real estate assets with strong market potential and undertaking refurbishment and enhancement works prior to resale.

2025

• The Meeting of the Board of Directors No. 7/2025, held on 5 November 2025, resolved to approve the determination of the Company’s first trading day of its securities on the Stock Exchange of Thailand, scheduled for 7 November 2025.

2024

• At the Extraordinary General Meeting of Shareholders No. 1/2567, held on 8 February 2024, and the Annual General Meeting of Shareholders for 2024, held on 20 March 2024, the shareholders resolved to:

• Increase the Company’s registered capital from THB 118,000,000 to THB 123,900,000 by issuing 5,900,000 new ordinary shares with a par value of THB 1.00 per share to support the stock dividend distribution.

• At the Board of Directors’ Meeting No. 5/2567, held on 12 July 2024, and the Extraordinary General Meeting of Shareholders No. 1/2567, held on 14 August 2024, resolutions were passed to:

• Change the par value of ordinary shares from THB 1.00 per share to THB 0.50 per share.

• Increase the registered capital from THB 123,900,000 to THB 150,000,000 by issuing 52,200,000 new ordinary shares with a par value of THB 0.50 per share to accommodate the public offering (Public Offering) on the Market for Alternative Investment (mai).

• At the Board of Directors’ Meeting No. 8/2567, held on 9 September 2024, and the Extraordinary General Meeting of Shareholders No. 2/2567, held on 7 October 2024, the shareholders resolved to:

• Determine the utilization plan for the capital raised from the public offering, in accordance with the approval granted at the Extraordinary General Meeting of Shareholders No. 1/2567 on 14 August 2024, which approved the issuance of 52,200,000 new ordinary shares with a par value of THB 0.50 per share for the public offering on the Market for Alternative Investment (mai).The Company commenced offering Hybrid Sales Management Services, which combine exclusive sales management with project buy-back obligations, in the fourth quarter of 2024.

2023

• At the Extraordinary General Meeting of Shareholders No. 1/2560 held on 11 January 2017, the shareholders approved an increase in registered capital by Baht 8,000,000, resulting in total registered capital of Baht 9,000,000. The Company recognized business opportunities and subsequently commenced the Project Sales Advisory services (BU1), providing sales and marketing consultancy to project owners to support them in successfully closing sales, with transactions executed through independent agents.

• At the Extraordinary General Meeting of Shareholders No. 2/2562 held on 29 August 2019, the shareholders approved an increase in registered capital by Baht 1,000,000, bringing the total registered capital to Baht 10,000,000.

• At the Extraordinary General Meeting of Shareholders No. 1/2564 held on 6 September 2021, a resolution was passed to change the Company’s name to MM Capital and Leasing Co., Ltd., which was registered with the Department of Business Development, Ministry of Commerce, on 23 September 2021. Seeing continued growth potential, the Company expanded its services to include Project Sales Management (BU2), providing marketing consultancy and being appointed as the exclusive sales agent with guaranteed sales conditions, enhancing confidence for project owners and improving profitability opportunities.

• The Company later commenced the Property Trading Business (BU3), under which the Company acquires high-potential properties for renovation and resale. At the Extraordinary General Meeting of Shareholders No. 2/2565 held on 12 July 2022, the shareholders approved an increase in registered capital by Baht 10,000,000, resulting in total registered capital of Baht 20,000,000.

• At the Board of Directors’ Meeting No. 1/2566 on 4 January 2023 and the Extraordinary General Meeting of Shareholders No. 1/2565 on 20 January 2023, a resolution was passed to increase the registered capital by Baht 80,000,000, resulting in total registered capital of Baht 100,000,000.

• At the Board of Directors’ Meeting No. 5/2566 on 11 April 2023 and the Extraordinary General Meeting of Shareholders No. 3/2566 on 26 April 2023, a resolution was passed to change the Company’s name to MMM Capital Co., Ltd., which was registered with the Department of Business Development, Ministry of Commerce, on 3 May 2023.

• At the Board of Directors’ Meeting No. 8/2566 on 3 July 2023 and the Extraordinary General Meeting of Shareholders No. 4/2566 on 20 July 2023, a resolution was passed to increase the registered capital by Baht 15,000,000, resulting in total registered capital of Baht 115,000,000.

• At the Board of Directors’ Meeting No. 9/2566 on 26 July 2023 and the Extraordinary General Meeting of Shareholders No. 5/2566 on 11 August 2023, the shareholders approved the following: Conversion of the Company from a limited company to a public limited company, which was registered on 21 August 2023; Change in par value of ordinary shares from Baht 100 per share to Baht 1 per share; Increase in registered capital from Baht 115,000,000 to Baht 118,000,000 by issuing 3,000,000 new ordinary shares at Baht 1 par value, for the purpose of an Initial Public Offering (IPO), with total IPO proceeds amounting to Baht 25,500,000, and listing on the LiVE Exchange (LiVEx).n 18 December 2023, the Company was officially listed on the LiVE Exchange under the ticker symbol “MMM23”.

2022

• The Company provides real estate trading services (BU3) whereby the Company acquires high-potential properties, refurbishes them as necessary, and subsequently offers them for sale to customers.

• At the Extraordinary General Meeting of Shareholders No. 2/2022 held on 12 July 2022, the shareholders resolved to approve an increase in the Company’s registered capital in the amount of Baht 10,000,000, resulting in a total registered capital of Baht 20,000,000.

2021

• Extraordinary General Meeting of Shareholders No. 1/2021

• held on 6 September 2021, approved the change of the Company’s name to MM Capital and Leasing Co., Ltd. The name change was registered with the Department of Business Development, Ministry of Commerce, on 23 September 2021.

• Recognizing further growth potential, the Company expanded into Project Sales Management Services (BU2), offering marketing advisory services and acting as the exclusive sales agent with guaranteed sales commitments, thereby strengthening project owners’ confidence and enhancing the Company’s profitability potential.

2017

• Extraordinary General Meeting of Shareholders No. 1/2017

• At the Extraordinary General Meeting of Shareholders No. 1/2017 held on 11 January 2017, the shareholders approved an increase in the Company’s registered capital by Baht 8,000,000, resulting in a total registered capital of Baht 9,000,000.

• Commencement of Business Unit 1 (BU1): Project Sales Advisory Services

• Recognizing emerging business opportunities in the real estate sector, the Company commenced providing Project Sales Advisory Services (BU1). This business unit offers professional sales and marketing consultancy to property developers to support efficient project sell-through, including sales activities carried out through the Company’s network of independent agents.

2016

• The Company was incorporated under the name MM Advisory Company Limited with a registered capital of THB 1,000,000 to engage in the real estate brokerage business.

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