Dear Shareholders,

In the previous year, based on GDP figures, the Thai economy expanded and grew at a higher rate compared to the last year, supported by the recovery of the tourism sector and export of goods. However, in reality, the economic situation is worse than it appears. The livelihoods of people are struggling, goods are not selling, layoffs are occurring, household debt remains at a high level, loan interest rates are elevated, and savings are low. The stock market has been declining daily, and there is uncertainty both domestically and internationally, which has affected investor confidence and consumer spending.

For the Company, the operations of industrial estates and warehouses in 2024 are expected to continue to progress, supported by the relocation of production bases by foreign investors, particularly from China and Taiwan. The majority of these investments are in the electronics industry. The Company remains committed to its business approach and project development, focusing on quality of life and the involvement of stakeholders, such as residents in the surrounding areas, entrepreneurs, and business partners. The Company emphasizes “sustainable development” in terms of design, technology utilization, and management. We prioritize environmentally friendly operations and the ability to support future business growth, in order to meet the needs of both domestic and international investors

In 2025, the Company is committed to developing and expanding the industrial estate extension area to accommodate the growth of businesses and attract foreign investors. The focus is on the advantages of the industrial estate, which is linked to the Eastern Economic Corridor (EEC), along with its prime location that allows for convenient and time-saving transportation to airports, seaports, and Bangkok. The emphasis will be on industries such as technology, electronics, and clean energy. Furthermore, the Company is actively seeking opportunities to expand investments into other businesses to enhance the Company's value in the future.

Finally, the Company would like to express its sincere gratitude to the shareholders, customers, and business partners for their continued trust and support in the Company's operations. Together with the cooperation and dedication of the management team and employees, the Company will continue to develop projects that create value for society, while expanding its business with strong potential. This will enable the Company to move forward with strength, stability, and growth, in line with the Company’s objectives.