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INTRODUCTION

BACKGROUND

AMA Marine Public Company Limited (“the Company”) was founded on May 10, 1996 with the initial registration capital of THB 1 million with the objective to operate marine freight business and has been transformed and listed to be the public company on May 18, 2016. During the early period, the Company provided the fuel oil transportation for the large fuel trader (fuel trader under section 7) within the country, delivering fuel oil from the refinery located in the eastern region to the customer’s tank farms which located by the riverside or seashore. Thereafter, with its knowledge, expertise and experience in the maritime liquid product transportation, the Company expanded its services to other groups of customer. The Company then started to provide transport service of palm oil and other vegetable oils for the producers and traders abroad. However, lately the demand for maritime fuel oil transportation had dropped due to the customer switched to use mainly in-land transportation. The Company then focused only on the maritime transport service of palm oil and other vegetable oils aboard. Presently the Company is one of the leading maritime transport service providers for the palm oil and other vegetable oils in Southeast Asia i.e. Myanmar, Vietnam and the Philippines.

On July 10, 2014 the Company has established its subsidiary, A.M.A. Logistics Company Limited (“AMAL”) with the initial registration capital of THB 5 million with the objective to operate tanker truck transportation in Thailand. This was due to the Company’s direction of expanding its business line to logistics service to serve more new routes and new customers, in order to mitigate the risk of focusing on solely maritime transportation service business.