mai News 70/2025
                                               August 13, 2025

mai welcomes listing of regional hospital operator "HANN" on August 14

KEY POINTS
- Mukdahan International Hospital pcl (HANN) which operates three private 
hospitals in Thailand's northeastern provinces of Mukdahan and Yasothon will be
listed on mai in the Services industry group on August 14, 2025.

mai President Prapan Charoenprawatt announced that Mukdahan International 
Hospital pcl will be listed and start trading on Market for Alternative
Investment (mai) in the Services industry group under the symbol "HANN" on
August 14, 2025.

HANN and its subsidiaries operate healthcare businesses, providing comprehensive
specialized medical services through its three private hospitals, namely
Mukdahan International Hospital, Dr. Hann Hospital, and Ruampat Yasothon
Hospital, with over 16 medical centers and clinics. Located in Mukdahan and
Yasothon provinces, the three hospitals collectively maintain 148-bed capacity
and operate as registered secondary care hospitals with patient transfer
services covering Yasothon province and surrounding areas. HANN's client base
consists primarily of local residents from Mukdahan, Yasothon, and neighboring
provinces, alongside international patients from across the Mekong region. For
the first quarter ended March 31, 2025, the company generated 74 percent of its
revenue from general clients, insurance companies, and corporate partners, with
the remaining 26 percent from beneficiaries under government-sponsored welfare
programs, including National Health Security Office (NHSO) schemes and other
initiatives.

HANN has a paid-up capital of THB 280 million after the IPO, consisting of 400 
million existing ordinary shares and 160 million newly issued shares with a par
value of THB 0.50 per share. Of these IPO shares, at least 145.02 million shares
were offered to subscribers at the underwriters' discretion, up to 8.66 million
shares to the company's patrons, and up to 6.32 million shares to the company's
directors, executives and/or employees from July 29-31, 2025 at THB 0.70 per
share. The offering size is THB 112 million with the IPO market capitalization
of THB 392 million (approximately USD 11.99 million) and the price-to-earnings
(P/E) ratio of 10.25 times. The earnings per share is THB 0.07, calculated from
the company's net profit over the latest four quarters, from April 1, 2024 to
March 31, 2025, which totaled THB 38.24 million, divided by fully diluted
shares. Capital One Partners Co., Ltd. is the financial advisor and Globlex
Securities Co., Ltd. is the lead underwriter.

HANN Chief Executive Officer Prapasri Suchantabutr emphasized HANN's unwavering 
commitment to delivering high-quality, environmentally-conscious medical
treatment and healthcare services throughout its 30 years of operations,
supported by highly skilled medical professionals with specialized expertise in
treating complex medical conditions. The IPO proceeds will be allocated to the
construction of Mukdahan International Hospital's three-story medical facility
and a new building at Dr. Hann Hospital.

Major shareholders of HANN after the IPO are Han Holdings Group Co., Ltd. (35.71
percent), Prapasri Suchantabutr (27.35 percent), and Pornphat Wiriyaphun (4.55
percent). The company's dividend policy is to pay shareholders a minimum of 40
percent of its net profit based on the separate financial statements after all
reserves required by laws and the company's articles of association.

For more information on HANN, please see the company's prospectus on the 
Securities and Exchange Commission's website at www.sec.or.th, and general
information at https://mukinter.com and www.set.or.th.

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