Nongfu Spring Co., Ltd. Depositary Receipt

Nongfu Spring Co., Ltd. Depositary Receipt is a financial instrument known as a depositary receipt, enabling investors in Thailand to gain exposure to shares of Nongfu Spring Co., Ltd., a major Chinese company engaged in the production and sale of packaged water, beverages, and agricultural products. Issued by Krungthai Bank, this depositary receipt allows investors to trade an interest in Nongfu Spring’s Hong Kong-listed shares on the Stock Exchange of Thailand, with a conversion ratio structured so that one underlying share represents 100 units of the depositary receipt. Nongfu Spring is recognized for its leading positions in water products, ready-to-drink tea, functional beverages, and juice drinks, and operates across multiple consumer non-durables sectors. The introduction of this instrument expands investment options for Thai investors, providing indirect access to internationally significant companies without the need to transact on foreign exchanges. The pricing and value of the depositary receipt are influenced by movements in the underlying Hong Kong-listed shares, the prevailing HKD/THB exchange rate, and Thai market dynamics, reflecting its role as a bridge between the Thai market and global equities.