Company Background and Key Milestones

Company Background and Key Milestones

Significant Events

Year 2015 On February 20th, 2015,the Company signed a strategic partnership agreement at the Queen Sirikit National Convention Center with three of the world’s leading technology companies: F5 Networks, VMware and NetApp. The agreement is to aggressively target Cloud and Virtualization solutions and comprehensive services in readiness as to be the market leader.
The Company terminated the operations of its Branch Office in Phnom Penh, Cambodia on December 31, 2015, because the market value was not as good as expected. Therefore it was not worth a continued investment. The Company however, will still continue to look after its remaining customers and complete projects already underway.
On September 17th, 2015, Mr. Siripong Oontornpan, Chairman of Executive Committee and President, announced a new vision and mission in order to enter the Company into an era of improved efficiency and change in order to accommodate rapid environmental and economic changes.
Year 2014 On February 24th, 2014, the Company held a press conference on the ‘Big 3 Thai ICT Forces’ held at the Bangkok Centara Grand, Central Plaza Ladprao Hotel, to launch the SLA Asia Company Limited (SLA) as the platform with which to penetrate international markets and most especially, our regional AEC markets.
On May 7th, 2014, our new training center ‘TRAIN 4’ was officially opened by the Company Executives and staff at the Queen Sirikit National Convention Center. Offering key training and internationally recognized certification in Cisco and Comptia, together with Business English and Project Management courses will support our growth and presence in AEC and other international markets.
On August 15th, 2014, Mr. Siripong Oontornpan, Chairman of Executive Board Committee and President, together with Ms. Sithea San, the CEO of the First Cambodia Company, signed an MOU to develop an ICT network system business together in Cambodia. The ‘First Cambodia Company’ is the longest established, leading Systems Integration and Solutions Provider in Cambodia.
During the year, the Company finalized the purchase of the land and buildings for a plot of land of size 0-3-80 rai (380 sqm). The plot included an existing 4-story office building. The address in fact is the current AIT Headquarters at 37/2 Suthisarnvinijchai Rd., Samsaennok, Huay Kwan, Bangkok, 10320. This reason for this purchase was due to the great location of the plot and building, together with the strength of our financial statements, and finally the opportunity to avoid the risk of future rent increases.
Year 2013 The Board of Directors Meeting of Advanced Information Technology Public Company Limited (the "Company") No. 2/2013 held on the 25th of March 2013 resolved to make an investment in Kirz Company Limited ("Kirz") for 51 percent of the total paid-up capital, for Thai Baht 51,000,000 (Fifty One Million), through the purchase of shares from existing Kirz shareholders. A press conference for this deal was held at the Queen Sirikit National Convention Center.
On 8th October,2013, the Board of Directors resolved to propose a meeting of shareholders to consider and approve the increase of the Company’s registered capital in the amount of Baht 687,736,360 (Six hundred eighty-seven million seven hundred thirty-six thousand three hundred sixty Baht) from a registered capital of Baht 343,868,180 (Three hundred forty-three million eight hundred sixty-eight thousand one hundred eighty Baht) to Baht 1,031,604,540 (One billion thirty-one million six hundred four thousand five hundred forty Baht) with a par value of Baht 5 (Five Baht) per share to allot to existing shareholders of the Company, pro-rata to their shareholding (Rights Offering), at the ratio of 2 (two) newly issued ordinary shares for 1(one) existing ordinary share at an offered price of Baht 5 (Five Baht) per newly issued share.
Commencing construction in December 2013, at the beginning of April 2014, Our new Training Center (with the brand name Train 4) is expected to be officially opened at the Queen Sirikit National Convention Center. Before moving to the Queen Sirikit National Convention Center, The Training Center was located at the AIT Head Office. The reason for this move is that we are preparing our training venue for anincrease in customer in the future.
Year 2012 Held on November 8, 2012, The Board of Directors approved the sale of its shares in Maple Plus Limited Company, a subsidiary company, to the former shareholders of the company. The portion of selling was 55% of the registered capital representing 7.5 million THB. Thus, Maple Plus will no longer exist as a subsidiary of AIT.
On November 8, 2012, The Board of Directors Meeting of Advanced Information Technology Public Company Limited (the "Company") no. 4/2012 held on 8 November 2012 resolved to approve the investment in a Loxley & AIT Holding Co., Ltd, which operates a telecommunications network in Myanmar. The Company will invest in the Joint Venture for 50 percent of the registered capital of 200 million THB.
On November 8, 2012, The Board of Directors passed a resolution to purchase shares of TowerXasia Limited Company to 99.98% of registered capital. This represented an investment of 999,800 THB.
AIT-W1 expired on its maturity date of 5 years on September 28, 2012. With this, our paid up capital increased to 343,868,180 THB with 68,773,636 shares.
On August 29, 2012, Mr. Siripong Oontornpan, President & CEO, received the "Good Tax Payer Award" to honor our Company for being a good role model in paying tax, according to the good corporate governance principles.
The Cambodia Representative Office in Phnom Penh was officially opened at the end of June 2012.
At the end of May 2012, Mr. Siripong Oontornpan, President & CEO, and the Company Executives celebrated the 20th Anniversary of AIT under the theme of "Your Success is Our Success". This reflects the position of AIT to fully serve our clients needs. Many guests of honor joined in the celebrations.
During February 24 to 26, 2012, the Company provided training in regards to "Corporate Core Competency for a Sustainable Business Advantage" in order to provide a guide for everyone to work towards and achieve the same goal.
Year 2011 The exercising of the Warrants AIT-W1 and ESOP (AIT-WA) saw the purchasing of 1,306,610 ordinary shares in Advanced Information Technology Public Co., Ltd. This resulted in an additional value in the Company registered capital of an around 6,533,050 Baht.
The Company officially opened a Training Center. The AIT Training Center is staffed by qualified and well experienced Cisco Certified Systems Instructors (CCSI).
We must also heartily congratulate Mr. Siripong Oontornpan, the President and CEO of our Company, for being for the second time, a nominee for the ‘Best CEO Award' at the SET Awards of 2011. He was first nominated for this award in 2009. In 2011 there were seven CEO's nominated for the final round on 22 December 2011 at the Stock Exchange of Thailand Building. Mr Siripong Oontornpan received an Outstanding CEO Award at the SET Ceremony.
The Company has now been selected as a finalist in the Forbes Asia Magazine ‘200 Best under a Billion Award' for two consecutive years. To qualify, companies must have an annual revenue of between USD5 million and USD 1,000 million.

In order to make the list of finalists, all Asian companies are screened against their earnings and sales growth, together with their returns on equity over both the past 12 months and past 3 years.

As a Finalist, Mr. Siripong Oontornpan the President and CEO of our Company was invited to celebrate our win in this category at the awards ceremony at Grand Ballroom, the Four Seasons Hotel, Hong Kong, on November 10, 2011.
On April 13, 2011, having seen a significant potential for their solutions in Thailand, AIT signed a mutual business alliance distribution agreement with Alcatel-Lucent (Thailand) Co. Ltd. to become a distributor of the Alcatel-Lucent integrated communication solutions. Alcatel-Lucent is a large French company which provides integrated communication solutions to service providers around the world.
Year 2010 The company was selected to be in Forbes magazine's Asia's 200 Best Under Billion list for 2010. Forbes Asia magazine carefully screens 12,930 companies from the entire Asia-Pacific, each with total sales of not over USD 1 billion. There were nine Thai listed firms who made Forbes' prestigious list in 2010.
Advanced Information Technology Public Co.,Ltd. made the payment of 50% of registered capital of its subsidiary company, Maple Plus Co.,Ltd., which equals to 5.5 Million Baht and still maintain holding 55% of Maple Plus Co.,Ltd. at 28 December 2010
In 2010, the excercises of warrant (AIT-W1) and ESOP (AIT-WA) to buy ordinary shares of Advanced Information Technology Public Co.,Ltd. amounted to 5,495,597 shares. This resulted in an additional value of registered capital of around 27,477,985 Baht
Year 2009 The Board of Directors' meeting no. 5/2552 dated 10 November 2009 passed a resolution to liquidate BANC Serve (Thailand) Co., Ltd. with a registered capital of 10 million Baht (the Company holds 80% stakes) as there is no trade transaction since 2008. Such insolvency did not have an impact on the Company's operations.
The Company won the Best Performance Awards 2009 in the category of listed company with less than 10,000 million Baht of market capitalization. Besides, Mr. Siripong Oontornpan, Managing Director, was also elected as one of the nominees for the Best CEO Award 2009 organized by the Stock Exchange of Thailand on 13 November 2009 at the Royal Paragon Hall, 5th Floor, Siam Paragon
Year 2008 Established BANC Serve (Thailand) Co., Ltd. as a new subsidiary with registered capital of 10 million Baht, of which 80% stakes were held by the Company. Main purpose of setting up this company was to embark on the information technology market, particularly for commercial banks and financial institutions.
Year 2007 Registered capital increase shares from 40,000,000 shares to 60,000,000 shares.

Partnered up with Scale Plotting Center Co., Ltd. in establishing Maple Plus Co., Ltd. as a new subsidiary with a registered capital of 20 million Baht. The Company and Scale Plotting Center Co., Ltd. hold 55% and 45% stakes, respectively. Main purpose of setting up this company was to support Geographic Informatiion System (GIS) products and services in particular.