Chairman's Statement

In 2022, the business sector still faced with economic volatility from the continued epidemic situation of corona virus 2019 in the first half of the year and high inflation caused by Russian-Ukrainian war, resulting the continuous increase of raw material cost and transportation cost. Therefore, it was another challenging year for the company to make the sales and profitability growth including seeking the opportunities to expand the business such as warehouse expansion, branch expansion of the restaurant business and the expanding of lifestyle business.

The company had sales of 4,192 million baht, an increase of 1,476 million baht or 54% increase compared to the sales of previous year with total sales of 2,716 million baht. Performance of the year 2022, The company's net profit was 106 million baht, an increase of 238% compared to the performance of the year 2021 with a net loss of 77 million baht in accordance with the growth of food & beverage business and lifestyle business.

2023 is a challenging year for the company's operations. The Board of Directors and Executives are aware that the economic, political conditions, as well as the global economic slowdown caused by Russian-Ukrainian war and the financial problems of many financial institution in United States and Europe, are all factors that affect the Company's performance. However, the company management and all employees will continue to cooperate with the company's policies and strategic in order to increase the company's sales and generate profitability continuously.

Finally, the company would like to thank the shareholders, customers, business partners. Management and all employees who are involved in supporting The company's business continues to grow. The Company will conduct its business with prudence, conciseness, transparency, good governance and good business ethics. by participating in economic development technology and society of Thailand so that the company can grow steadily Sustainable creating good returns for customers and shareholders forever

Mr. Surapong Paisitpatnapong
Chairman of the Board of Directors