1. The "Grading" Moat High-Margin Niche - While the company engages in standard bulk trading, its true value lies in its proprietary "Grading" segment. By leveraging decades of expertise to regrade lower-cost native tapioca into premium, food-grade starch, the company achieves net margins of up to 25% 2. Proven Financial Stability A Business has demonstrated resilience and consistent revenue generation, averaging approximately THB 366mm annually over the last four years. 2024 Revenue THB 368.0 mm 2024 EBITDA THB 18.0 mm Customer Loyalty Over 100 repeat purchasers, primarily manufacturers who require consistent flour quality for production (noodle, sausage, and processed meat producers), ensuring noncyclical demand 3. Strategic Supplier Advantage - The companys 30-year history has cemented its status as a stable partner for upstream manufacturers. This longevity secures preferential pricing from suppliers, allowing Business to maintain competitive pricing for customers while protecting its margins. 4. Tangible Asset Backing The transaction includes significant hard assets that reduce investment risk and provide operational readiness Real Estate 5 Rai of freehold land located near a national highway Infrastructure 1,680 m² of storage space across 3 warehouses Operational Assets Full suite of machinery, vehicles, and operating equipment 5. Compliance Certification The company holds an Export License and Halal Certification, expanding its addressable market to international buyers and specific dietary sectors