Message from Chairman

Mr. Sarawut Charuchinda
Chairman of the Board of Directors
To Our Valued Shareholders and Stakeholders,

Throughout 2024, Thailand's real estate sector continued to face significant challenges. These challenges arose from various factors related to the country's broader economic conditions, including escalating land prices, stricter loan-to-value (LTV) regulations limiting consumer access to credit, and increasingly rigorous lending policies. Additionally, ongoing issues such as high household debt further compounded the difficulties. Collectively, these factors made 2024 undeniably challenging for the real estate sector.

Nevertheless, positive momentum was driven by proactive measures and strategic thinking. Government policies, market adaptations, and other encouraging developments provided essential support.

Our Board of Directors and management team demonstrated unwavering determination and diligence. Through meticulous risk assessment and proactive strategic adjustments, the company successfully navigated these challenges, achieving significant resilience and adaptability.

In 2024, the company's commitment to integrity and good corporate governance remained steadfast. As evidence of this, we achieved an "Excellent" (5-star) Corporate Governance (CG) rating. Additionally, our ongoing efforts in corporate governance and transparency were recognized through outstanding rankings in governance reports. Significantly, the company's financial performance also reached a remarkable milestone, achieving the highest level of profitability in the company's history. Furthermore, our dedication to sustainability and corporate governance resulted in commendable ESG (Environmental, Social, Governance) scores.

Moving forward, the company remains committed to careful risk assessment, strategic guidance, and operational excellence across all subsidiaries, aligning operations with our overarching vision. We continue to strategically position ourselves and our affiliates to effectively navigate market challenges and achieve our collective vision.

We sincerely thank you for your continued trust and support as we move confidently toward achieving our goals.