Company History

Dynasty Ceramic Public Company Limited was formerly known as Royal Floor Tiles Co., Ltd. Its core business is the manufacture and distribution of ceramic tiles. The Company was founded on 1 August 1989, listed on the Stock Exchange of Thailand on 3 January 1992, and registered as a Public Company on 9 March 1994. Its registered capital was increased to 280 million baht, with capital paid-up at a par value of 10.0 baht per share at 272 million baht in January, 1995.

At the end of 1997, the Shareholders and Directors of Tile Top Industry Public Co., Ltd, also a manufacturer of ceramic tiles with a factory located close to the Dynasty Ceramic Plant, bought 14.9 million ordinary shares of the company, or 54.82% of the paid-up capital, from the major shareholder which is a securities company. It has improved the efficiency of production and developed products to have better quality and variety of designs, as well as adapted marketing strategies to focus more on distribution of products to consumers.

Towards the end of 2000, the Company increased its registered capital to 408 million Baht, comprising 40.8 million shares with a par value of 10.0 Baht per share. The funds were to be utilized for the expansion of production capacity through the purchase of the entire ordinary shareholding in Tile Top Industry Public Co., Ltd from the original shareholders. As a result, the Company acquired the factory of Tile Top Industry Public Co., Ltd. The Company is currently the major shareholder in Tile Top Industry Public Co., Ltd with an equity stake of 96.83%, comprising 408 million shares with a par value of 1.0 Baht per share, of which 81.20 % is held by Thai nationals and 18.80 % by foreigners. (Register closed 31 January, 2014)

The end of 2005, the Company invested an equity stake of over 97%, through its three subsidiaries, namely Pick and Pay Co., Ltd, Muangthong Ceramic Co., Ltd and Worldwide Ceramic Co., Ltd, in which to operate a retail business in the form of factory outlets. This enables the Company to get closer to its customers, learn customer preferences and understand their ceramic tile purchasing trends. The Company used such information to improve its products and services, resulting in a rise in sales.

As at the end of 2013, the Company had 196 branches warehouses nationwide and 3,000 local distributors.

In June 2014, the Company has conducted a group restructuring by Entire Business Transfer of three of the Company’s subsidiaries, consisting of Pick & Pay Co., Ltd, Muangthong Ceramic Co., Ltd, and Worldwide Ceramic Co., Ltd with an intention to reduce interrelated work process and general and administrative expenses.

At the end of 2014, with an intention to increase stock liquidity, the Company has changes of number of ordinary shares and the par value per share of the Company’s ordinary shares to 4,080,000,000 shares at Baht 0.10 each. The registered capital remains the same at 408,000,000 Baht.

In the middle year 2015, Shareholder’s equity increased by registered capital from 408 million baht, to 652.8 baht from the stock dividend payment at the rate of 5 previous stock per 3 stock dividend. Total number of ordinary shares increased from 4,080 million shares to 6,528 million shares at Baht 0.10 each.

In the middle year 2016, Shareholder’s equity decreased by registered capital from 652,800,000 baht to 652,799,395.80 baht equal Registered Paid-up Capital of ordinary shares 6,527,993,958 shares at Baht 0.10 each.

According to the resolution of the Annual Gen-eral Meeting of Shareholders for the year 2017 held on April 24, 2017 approved the Directors and Executives of the Company for 5 directors as the management of the Royal Ceramic Industry Public Company Limited, which is operated the same business type, effective on  April 28, 2017 , after the resolution of the Annual General Meeting
of Shareholders for the year 2017 of the Royal Ceramic Industry Public Company Limited and approved to enter into a business management contract for one year (since May 2, 2017 to May 1, 2018) and was told to terminate the contract before the end of the contract. Effective from October 1, 2017.

Due to there are the same directors working together and have control the management. The consolidated financial statements must be prepared in the same manner as the Royal Ceramic Industry Public Company Limited as a subsidiary from April 1, 2017 onwards.