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Book Building and Subscription Process

Up to 80% of Total IPO share will reserve for local and foreign investors. Remain 20% will reserve for local investors only. Investors who wish to participate in any activities below shall have investor ID and trading account with ACLEDA Securities before starting of Book Building and Subscription Process.

Note: No investor ID and Trading Account not allow to apply Book Building and Subscription.

Abbreviations:

• BB: Book Building
• SUB: Subscription
• ESOP: Employee Share Ownership Plan
• IPO: Initial Public Offering
• SECC: Securities and Exchange Commission of Cambodia

I. Book Building Process

What is Book Building Process?
Book Building is a process that survey price from investors before set IPO price.

1. Local and Foreign Investors intent to apply Book Building
• 70% of Total IPO share after reserve for ESOP will hold to successful BB investors for SUB
• Successful BB investor focus on applied equal or above price that approval by SECC
• 30% of Total IPO share after reserve for ESOP will hold to unsuccessful BB or investors who did not join BB for SUB
• Unsuccessful BB focus on apply below price that approval by SECC
2. Fill the Book Building form (apply range price)
• Requirement:
  - National ID or Passport
  - Investor ID and Trading Account
  - Attachment of deposit slip 10% into IPO account
• After completed form investor will receive receipt for preparing check the BB result
3. Book Building result announcement
• Underwriter Securities Firm will inform investors about result BB by phone or/and mail
• BB result will post in ACLEDA Securities website
• 10% deposit will keep forward to SUB process
• Successful BB investor keep BB receipt for apply SUB process
• Unsuccessful BB investor can get 10% back if selected not continue apply SUB during filled form BB.

II. Subscription Process

What is Subscription Process?
Subscription is a process that register for buy share when issuer start issue share for sale to public.

4. Local and Foreign Investors apply Subscription
• Successful BB investors could apply amount SUB over than amount BB by add more cash to 100%
• Unsuccessful BB investors and investors who did not join BB could apply SUB by pay cash up to 100%
• Some successful BB investors could apply SUB but for other successful BB investors could not apply SUB shall withdrawal 10%
• Successful BB investors must subscribe share at least 10% in case there are a little apply SUB
5. Fill the Subscription form (IPO price)
• Requirement:
  - National ID or Passport
  - Investor ID and Trading Account
  - BB receipt
  - Deposit Slip add to 100%
• After completed form investors will receive receipt for preparing check the SUB result
• SECC shall transfer at least 2/3 of 30% from reserve for unsuccessful investors BB to successful investors BB in case there are a lot of apply SUB
• Unsuccessful BB investor who apply SUB shall get more share in case there are a little apply SUB
• Share allotment shall use Pro Rata formula in case there are a lot of successful and unsuccessful BB investors applied SUB
6. Subscription result announcement
• Result will post in ACLEDA Securities website
• Amount successful SUB will deposit in trading account
• Refund cash in case amount successful SUB less than request SUB amount.