Baan Rock Garden Public Company Limited

Rock Garden House: Quality homes for every family.

Overview of the business operations.

Vision

Our business vision focuses on developing high-quality housing that meets customer needs with modern designs, innovative techniques and technologies appropriate for the times, and is socially and environmentally friendly, while also demonstrating responsibility towards all stakeholders in our business operations.


Mission

1. Focus on developing distinctive, high-quality residential designs, environments, and services that meet appropriate standards for a good quality of life.

2. Set reasonable and competitive prices, taking into account costs and location as key factors.

3. Apply and manage internal organizational operations with a sound and flexible management system that is adaptable to change, under the principles of good governance.


marketing

Baan Rock Garden Public Company Limited continues to see business opportunities by focusing on developing and selling houses with land to customers in the lower to middle income brackets.

With selling prices ranging from approximately 1.49 million to 4 million baht, the company aims to meet customer demand. The company remains committed to maintaining consistent quality standards across all its projects to build confidence in the quality of products under the "Baan Rock Garden" brand. The company has a policy to maintain and expand its market share as follows:


Quality homes in a prime location, close to communities and shopping centers.

Project location

We chose a location that meets our customers' needs. The project is situated near residential areas and shopping centers, enhancing convenience in daily life.


The price offers good value, making it suitable for lower to middle-income groups.

Superior quality and service.

Every house is built with high-quality, durable, and standard materials, along with comprehensive after-sales service that includes repairs for paint, ceilings, plumbing, and electrical systems, performed by the company's dedicated team.


Value for money that makes your decision easy.

With reasonable prices tailored to consumer behavior in each area, you can make a purchase decision immediately, along with the assurance of fast and timely home delivery.


Projects spread throughout the country.

Rock Garden House is expanding its project to provinces with potential to meet the needs of customers in all regions.


"Choose the right home, choose Rock Garden Home, because we believe that a good home is the beginning of a good life."


Historical background

Baan Rock Garden Public Company Limited (“the Company”) or (“BROCK”), formerly known as Chuchip South Group Company Limited, was registered on February 5, 1990, by the Silparat Group, which has experience in the land development business in Bangkok and major provinces across Thailand, such as Chiang Mai and coastal provinces such as Rayong and Phuket, as well as the development of vacant land for sale in agricultural projects in Soi Wacharapol, Bangkok. Building on this continuous experience in land development, the Silparat family recognized an opportunity to further develop their real estate business. They initiated this real estate development project with the same management team that transferred from Rock Garden Group Company Limited, demonstrating their capabilities and expertise in developing housing estates with land, including vacation homes and resorts. Following a restructuring of the company and the transfer of the same management team that managed Rock Garden Group Company Limited to Baan Rock Garden Public Company Limited, the company focuses on managing, developing, and operating real estate projects with a focus on maximizing the efficiency and effectiveness of its existing land holdings, as well as acquiring land in promising locations for future development projects. The company operates in the project design sector. For construction projects and marketing to sell homes in these projects, the company focuses on outsourcing 100% of its personnel to external companies. This is done to control costs, maximize operational efficiency, and enhance the company's management and operational capabilities.

History of capital increases

History and Key Developments: Baan Rock Garden Public Company Limited was established on February 5, 1990, by the Silparat family, engaging in the land development business with a registered capital of 1 million baht. On July 30, 2003, the company increased its paid-up capital from 1 million baht to 30 million baht to gradually purchase land in Bangkok. On October 15, 2003, the company further increased its paid-up capital from 30 million baht to 60 million baht to pay for the purchase of houses in completed projects. On January 12, 2004, the company increased its paid-up capital to 250 million baht for investment in land purchases in Phuket, specifically along the bypass road. On October 18, 2004, the paid-up capital was increased from 250 million baht to 800 million baht to acquire 100% of the ordinary shares of its subsidiary, Navatep Company Limited, and to support business expansion. On March 7, 2005, the company was transformed into a public company. And increased the registered capital from 800 million baht to 1,000 million baht by issuing 40 million new ordinary shares with a par value of 5.00 baht per share for sale to the general public and employees of the company and its subsidiaries. On November 23, 2006, the company registered fully paid-up capital of 1,000 million shares. In May 2013, the company increased its registered capital from 1,000,000,000 baht (one billion baht) to 1,025,000,000 baht (one billion twenty-five million baht) to accommodate the payment of stock dividends, and the paid-up capital is 1,024,999,930 baht (one billion twenty-four million nine hundred ninety-nine thousand nine hundred thirty baht). In April 2015, the company reduced its registered capital from... The registered capital was increased from 1,025,000,000.- Baht (one billion twenty-five million baht) to 1,024,999,930.- Baht (one billion twenty-four million nine hundred ninety-nine thousand nine hundred thirty baht) by canceling 70 unissued shares with a par value of 1.00 Baht per share. The company then increased its registered capital from 1,024,999,930.- Baht (one billion twenty-four million nine hundred ninety-nine thousand nine hundred thirty baht) to 1,229,999,916.- Baht (one billion two hundred twenty-nine million nine hundred ninety-nine thousand nine hundred sixteen baht) to accommodate the exercise of rights under the BROCK-W1 warrants, as registered with the Department of Business Development, Ministry of Commerce, in April 2016. The company increased its paid-up capital from 1,229,999,916.- Baht (one billion two hundred twenty-nine million nine hundred ninety-nine thousand nine hundred sixteen baht only) to 1,231,099,916.- Baht (one billion two hundred thirty-one million ninety-nine thousand nine hundred sixteen baht only) to accommodate the adjustment of rights resulting from dividend payments exceeding the amount specified in the terms and conditions of the BROCK-W1 warrants, registered with the Department of Business Development, Ministry of Commerce on June 11, 2018. The company subsequently registered an increase in paid-up capital from 1,024,999,930.- Baht (one billion twenty-four million nine hundred ninety-nine thousand nine hundred thirty baht only) to 1,025,000,181.- Baht (one billion twenty-five million one hundred eighty-one baht only) due to shareholders exercising their rights to purchase additional ordinary shares in the BROCK-W1 warrants, registered with the Department of Business Development, Ministry of Commerce.

Company organizational structure

Management structure

There are a total of three committees: the Board of Directors, the Executive Committee, and the Audit Committee.


a) The company's board of directors

The company's board of directors consists of a total of 6 directors as follows:

1. Mr. Wirat Chinaprapinporn, Chairman of the Board.

2. Mr. Wanchai Mekhsut, Chairman of the Audit Committee / Independent Director

3. Mr. Prasan Thammasanong, Director / Audit Committee Member / Independent Director

4. Ms. Panthip Yodwisetbovorn, Director / Audit Committee Member / Independent Director

5. Ms. Nawanich Silparat, Director / Managing Director

6. Ms. Nawarat Suthamchariya, Director 7. Mr. Naphat Chinprapinporn, Director


Mr. Thakorn Boonpha (Marketing Director, Company Secretary)


Authorized signatory on behalf of the company.

The board of directors, authorized to sign and bind the company, consists of 4 members as follows:


1. Mr. Wirat Chinaprapinporn, Chairman of the Board.

2. Ms. Nawanich Silparat, Managing Director

3. Ms. Nawarat Suthamchariya, Committee Member.

4. Mr. Naphat Chinprapinporn, Director.


The signature must be affixed by two out of four directors, along with the company's official seal.


b) Executive Committee

The executive committee consists of three members as follows:


1. Mr. Wirat Chinaprapinporn, Chairman of the Board.

2. Ms. Nawanich Silparat, Managing Director

3. Mr. Phisitsak Premprechayan, Director of Accounting.


c) Audit Committee

It is an independent organization that will support and act on behalf of the Board of Directors in reviewing financial information presented to shareholders and other stakeholders, reviewing internal control systems established by the Board of Directors, internal audit processes, and communications with the company's auditors.


The audit committee consists of three members as follows:


1. Mr. Wanchai Mekhsut, Chairman of the Audit Committee / Independent Director

2. Mr. Prasan Thammasanong, Director / Audit Committee Member / Independent Director

3. Ms. Panthip Yodwisetbovorn, Director / Audit Committee Member / Independent Director


Mr. Phisitsak Premprechayan (Director of Accounting, serves as the secretary of the Audit Committee).