Message from the Chairman

Dear Shareholders,

2023 is considered another year of challenges for the business sector. Despite an improved outlook in economic recovery, surrounding factors remain prevalent that inevitably affect business operations, for instance, the increase in energy costs, higher interest rates and inflation, as well as the climate change that is gaining severity. The Company is well aware of the ever changing business landscape and therefore emphasizes the importance of operating the business in accordance with the principle of corporate governance, considering risk factors and opportunities covering economic, social and environmental dimensions, in order for the Company to adapt itself and be ready to accommodate the changing business environment, being an organization that is able to operate the business sustainably. In 2023, the Board of Directors appointed the Risk Management and Sustainability Committee to elevate the importance of the Company’s sustainability operations, with the prescription of policies, strategies, and goals in accordance with international good practices, with the monitoring of the operations by the Board of Directors.

The award of achievement is reflective of the Company’s determination in operating the business for sustainable and stable growth. In 2023, the Company was one out of 193 listed companies that was announced as a sustainable stock by SET ESG Ratings 2023 with the “A” score. Furthermore, the Company was also rated “Excellent” (Excellent CG Scoring) in the corporate governance performance with the 5-star badge for the 9th consecutive year. As for the financial performance in 2023, the Company generated revenue from sales and services of 971.43 million Baht, with the net profit of 58.30 million Baht, increasing by 7.98% from the previous year. The Board of Directors will consider making a dividend payment to shareholders at the rate of 0.21 Baht per share, equivalent to the dividend payout to net profit ratio of 72.95%.

2024 is considered another year of significant development. The Company has appointed Khun Thanya Wangthamrong to assume the Chief Executive Officer position, in replacement of Khun Boonchai Suwanvutthiwat who has retired, together with the announcement of a new vision and mission statement “Make Every Day Safer and Better”, striving to be the hub of products and services that cater to all safety needs for individuals, products and environments, developing the operations to enable sustainable growth, being the organization that drives the economy and creates values for shareholders and stakeholders in a continuous manner.

On behalf of the Board of Directors, I would like to thank valued shareholders, customers, suppliers, staff members, stakeholders, and all related parties for giving support to the Company’s business operations all along. Please be assured that the Company will continue to develop and achieve ultimate success, under the principle of good governance, through honest and transparent business operations. We aim to create balance in business development, together with value creation to the society and environment, contributing maximum benefits to shareholders and stakeholders consistently and sustainably.