Company Milestone

- nForce Security Systems AP Company Limited ^1/ จั/ was established on August 5, 2005 with a authorized capital of 1,000,000 Baht by Niamnamtham Group and Luanchamroen Group holding 30% and 40% of nForce AP’s authorized capital respectively, to operate as a distributor of cybersecurity products with partners producing and developing software systems that enhance cybersecurity efficiency for various organizations.

Remarks : ^1/ nForce Security Systems AP Company Limited changed its name to Altair Management Company Limited and registered the name change on 28 May 2020, including changing the place of incorporation and changing the purpose of business operation to a real estate business in accordance with the facts without operating its business as a distributor of cyber security products and will not engage in business competition with the Company.

• Subsequently, on January 9, 2014, the group of shareholders which are: Niamnamtham Group and Luanchamroen Group agreed to establish nForce Security Company Limited with a authorized capital of 30,000,000 Baht to operate as a distributor of cyber security products and related products in network management (Network Management) with purpose to lead the Company to be listed on the Stock Exchange of Thailand by increasing the authorized capital to reflect the stability of the Company's financial status and build confidence for the Company's partners, including creating opportunities for future business growth. Niamnamtham Group and Luanchamroen Group hold shares in the Company in the proportion of 45% and 55% of the total shares respectively.
• nForce AP has transferred the contracts of being a distributor of certain products to the Company. This made the group of existing customers who had been dealing cybersecurity products with nForce AP, to buy and sell cybersecurity products with the Company instead, while nForce AP has changed its core business to real estate by owning office buildings renting to the Company.
• The Company also holds shares in nForce AP in the proportion of 99.99% of the total authorized capital, making nForce AP a subsidiary of the Company for the purpose of borrowing a loan from financial institutions.
• The Company received the “APAC and Japan Partner Conference 2014 Excellence in Innovation ASEAN ” award from Palo Alto, one of the leaders in Network Security of the world as a dealer who has expertise in successful installation and designing services to customers. The Company is an expert regarding service and care for customers in the ASEAN region who use Palo Alto Network products.

• On April 28, 2017, the Annual General Meeting of Shareholders No. 1/2017 had a resolution approving the payment of dividends to shareholders at the rate of 6.43 Baht per share, totaling of 19,284,056 Baht, which the Company has already paid the aforementioned dividends.
• The Company sold all of its investments in nForce AP to the major shareholders group in order to restructure the Company to be ready for listing on the Stock Exchange of Thailand. nForce AP was not a subsidiary of the Company anymore.
• The Company received the “Unsung Pre-Sales Support 1H FY2017” award from Trend Micro Australia Proprietary Company (Trend Micro), one of the leaders in End Point Security as the 2017 Excellent Product Reseller, that can solve most problems with Trend Micro's products by using the Company's in-house team without the assistance of the Trend Micro’s team.
• The Company received the “APJ Channel Awards 2017 Outstanding Sales Growth Award (Asia Pacific, Japan)” from Solarwinds, one of the leaders in Network Performance and Monitoring, as a product distributor with the most outstanding sales in the Asia-Pacific region and Japan.

• The Company was ranked as one of the 25 Hottest Cyber Security Companies 2018 by APAC CIO Outlook magazine, a magazine for information technology business resources in the Asia-Pacific region, to be one of the 25 Most Recognized Cyber Security Companies of 2018.
• The Company received the “50 Most Admired Companies of the Year 2018” certification from Silicon Review Magazine, one of the most trusted online and print media related to news, business, and the industry related to technology as one of the 50 Companies to Watch for 2018.
• The Company received the “Strong Technical Engagement 2018” award from Trend Micro for being a product distributor with an outstanding technical support team of the year 2018 who can use their knowledge and capability especially to assist customers in solving specific technical problems of Trend Micro’s products effectively.
• On August 29, 2018, the 2 major shareholder groups which are Niamnamtham Group and Luanchamroen Group has jointly established Moz Seguro Company Limited with a authorized capital of 1,000,000 Baht, and holding 45% and 55% of the total shares respectively, with the objective of investing in holding the main shares in the Company.
• On September 15, 2018, the Extraordinary General Meeting of Shareholders No. 1/2018 had a resolution approving the payment of dividends from the 2017’s net profit to shareholders at the rate of 8.96 Baht per share, totaling a total amount of 26,887,564 Baht, which the Company has already paid dividends.
• On December 3, 2018, the Extraordinary General Meeting of Shareholders No. 2/2018 passed a resolution approving the payment of dividends to shareholders at the rate of 12.42 Baht per share, totaling a total amount of 37,256,335 Baht, which the Company has already paid dividends.

• The Company was awarded the “Best Sales Growth Distributor 2019” award from Solarwinds for being the sales representative with a higher volume of product orders.
• The Company received the certificate "30 Most Valuable Companies to Watch CIO Bulletin 2019" from the CIO Bulletin magazine, which is a source on the information technology industry regarding new innovations and business practices related to information technology to be one of the 30 Companies to Watch from CIO Bulletin in 2019.
• On April 1, 2019, the Annual General Meeting of Shareholders passed a resolution approving the payment of dividends from 2018’s net profit to shareholders at the rate of 13.89 Baht per share, totaling a total amount of 41,674,387 Baht, which the Company has already paid dividends.
• On July 8, 2019, the 2 major shareholder groups, namely Niamnamtham Group and Luanchamroen Group sold shares to Moz Seguro in the proportion of 35% of the authorized capital to prevent being taken over by outsiders. After the transaction of the shares, the ultimate shareholding proportion of the Company will consist of a group of shareholders which are Niamnamtham Group and Luanchamroen Group holding shares in the proportion of 45% and 55% of the total shares respectively.
• On December 17, 2019, the Extraordinary General Meeting of Shareholders No. 2/2019 resolved to approve the Company pay interim dividends to the shareholders at the rate of 8.33 baht per share, totaling of 25,000,000 baht, which the Company has already paid the dividend.
• On December 20, 2019, the Company and the existing shareholders has signed a share purchase agreement with Hudson Asia Holdings PTE Limited (Hudson Asia), which operates as a holding company that focuses on investing in technology businesses with the potential to compete and grow in the future. Henderson Capital Asia Limited holds 100.00% of the Hudson Asia’s shares. Henderson Capital Asia Limited operates its business by investing in potential Asian companies, of which Henderson Capital Asia Limited is 100.00% owned by Lakeshore Capital I LP. Lakeshore Capital I LP operates by investing in potential companies in Asia. Lakeshore Capital I LP's shareholders include 5 major institutional investors with a combined stake of more than 85%, and 24 individual investors invest no more than 15%, and currently, Lakeshore Capital I LP's investors are not individuals who may have conflicts with the Company in accordance with the announcement of the Securities and Exchange Commission and The Stock Exchange of Thailand (except Mr. Anotai Adulbhan who is a representative from Hudson Asia Holdings PTE Limited to be a director of the Company)

• On January 22, 2020, the Extraordinary General Meeting of Shareholders No.1/2020 resolved to approve the increment of authorized capital in the amount of 1,470,000 Baht from the original authorized capital of 30,000,000 Baht to 31,470,000 Baht by issuing 147,000 new ordinary shares at par value of 10 Baht and a premium on par value of 330.14 Baht per share, totaling 50,000,000,000 Baht which Hudson Asia bought the whole capital increase shares because other shareholders waive their rights, and the existing shareholders, Mr. Nakrop Niamnamtham and Ms. Wipaporn Buristrakul agreed to sell 356,400 shares to Hudson Asia through NFS PV Limited. NFS PV Limited is held by Mr. Nakrop Niamnamtham and Ms. Wipaporn Buristrakul in the proportion of 45% and 55% of the total shares respectively. As a result, after the increase in the paid-up capital and from the purchase of existing shares, Hudson Asia holds a shares in the Company of 16% of the authorized capital.
• On February 27, 2020, the Board of Directors' Meeting No. 2/2020 resolved to approve the Company to pay the interim dividends to shareholders at the rate of 2.13 Baht per share, totaling of 6,700,000 Baht, which the Company has already paid the dividend.
• On April 23, 2020, the Annual General Meeting of Shareholders No. 1/2020 resolved to approve the increment of authorized capital in the amount of 6,030,000 Baht from the original authorized capital of 31,470,000 Baht to 37,500,000 Baht by issuing 603,000 new ordinary shares at the par value of 10 baht per share, offered to the existing shareholders of the Company.
• On September 9, 2020, the Extraordinary General Meeting of Shareholders No. 3/2020 resolved to approve the Company to proceed as follows:
  • Conversed into a public company under the name nForce Secure Public Company Limited, which was registered to be a public company limited on September 10, 2020 to be listed on the Stock Exchange of Thailand
  • Changed the par value of ordinary shares from the original value of 10.00 Baht per share to 0.50 Baht per share, which made the number of registered shares and the number of issued and paid-up shares increased by 71,250,000 shares, an increment from 3,750,000 shares to 75,000,000 shares, with the registered and paid-up capital remained unchanged. The change was registered with the Ministry of Commerce on 10 September 2020.
  • Increased the authorized capital of ordinary shares in the amount of 15,470,500 Baht at a par value of 0.50 Baht per share, which increases the authorized capital from 37,500,000 Baht to 52,970,500 Baht by issuing new ordinary shares as follows:
    • Allotment of newly issued ordinary shares of the Company in the amount of 13,870,500 Baht, with a par value of 0.50 Baht per share, totaling 27,741,000 shares, divided into 1,990,700 new ordinary shares for sale to the directors, executives and employees of the Company and 25,750,300 newly issued ordinary shares to be offered to the general public for the first time.
    • Allocation of 3,200,000 newly issued ordinary shares of the Company with a par value of 0.50 Baht per share to be reserved shares for the issuance and offering of warrants to purchase ordinary shares (ESOP) of the Company to the management and employees of the Company.
  • Approved the introduction of the Company's ordinary shares Listed as listed securities on the Market for Alternative Investment (“mai”)
• On December 14, 2020, the Board of Directors Meeting No. 8/2020 approved the Company's future investment plan. Due to foreseeing business opportunities from the Personal Data Protection Act (PDPA) coming into effect in June 2022, the Company decided to make an investment plan with Data Wow Company Limited (“Data Wow”), which is a company that specializes in software development and data analytic to focus on the development and distribution of Personal Data Protection (PDPA) related software.

• As of 1 April 2021, the Company and Data Wow jointly established nDataThoth Company Limited (“nDataThoth”) to engage in the business of developing and distributing software related to personal data protection (PDPA), as well as related services. The main product that nDataThoth will develop for sale in the early stages is a consent management system for collecting personal data from data collection points, from the website and other various applications, including giving advice to customers about the establishment of various systems and PDPA legal requirements and consent forms to collect, use or disclose personal information in order to comply with PDPA law, etc., under the name "Unified Consent Management Platform" (UPC). nDataThoth has a authorized capital and paid-up capital of 15.00 million Baht and has a stake in nDataThoth between the Company and Data Wow at 55.00% and 45.00% of authorized and paid-up capital. The Company will be responsible for technical knowledge and understanding related to cybersecurity, understanding the market of cybersecurity as well as contact to find customers for nDataThoth while the Data Wow has the duty to transfer knowledge, information, knowledge, technology, and relevant technical expertise for the development and production of relevant software under the Personal Data Protection Act and operates business for nDataThoth, including expertise in digital marketing as well. After receiving the approval letter from the Board of Investment (BOI) within 2021, nDataThoth will be able to start selling the products.
• Listed as listed securities on the Market for Alternative Investment (“mai”)
• On December 28, 2021, nDataThoth received a promotional certificate from the Board of Investment, type of business 5.7.3, high-value-added software development business.