The Company commenced its LPG distribution business in 2015 under Petroleum Thai Corporation Co., Ltd. (“PTC”). Subsequently, in order to ensure greater clarity in the LPG distribution business operations, the Company restructured the LPG distribution business in 2019 by assigning Atlas Energy Public Company Limited (“ATLAS”) and Olympus Oil Co., Ltd. (“OLP”), both subsidiaries of the Company, to operate the LPG distribution business.

Currently, ATLAS operates as a fuel trader under Section 7 of the Fuel Trade Act B.E. 2543 (2000) and conducts LPG distribution in the household, transportation, and industrial sectors, through both retail sales directly to consumers and wholesale distribution to smaller LPG traders for further distribution to end users. Meanwhile, OLP operates as a fuel trader under Section 11 of the Fuel Trade Act B.E. 2543 (2000) and conducts LPG distribution in the transportation sector. OLP distributes LPG to vehicle users through LPG service stations managed and operated by OLP (Company-Owned Company-Operated or COCO stations).

ATLAS has also submitted a registration statement for the offering of securities (Form 69-1) and a prospectus to the Securities and Exchange Commission of Thailand (“SEC”) and the Stock Exchange of Thailand (“SET”) on October 10, 2024 in order to seek approval for its initial public offering (IPO) and the listing of its shares on the SET. Interested parties may refer to such documents for further details.