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Message from the Chief Executive Officer

In past Year 2016, the overall situation remained somewhat uncheerful. In particular, major trading partners of Thailand, whether they are the United States of America, the People’s Republic of China, Japan or Europe, were still in a state of deflation, which resulted in Thailand’s exports overall becoming more than 4 percent lower than the target.

However, thanks to industriousness of its management and staff, the Company could even succeed in making a record high of both domestic and international sales and profits for another year, which sales and profits reached the highest level against its core businesses. But on account of its branch management system in parallel with the increase of its branches, and the investment of assets for business expansion. Those investments therefore affected the overall profits, which then decreased to a certain extent, because I am confident that the business base established in this Year 2016 will result in a future significant increase in the overall results of operation, whether in terms of sales or profits.

On this occasion, I would like to thank the shareholders, business allies, patrons, as well as management and staff at all levels who have contributed to the Company’s success.

<p style=”text-align: center;”>(Mr.Charoen Rujirasopon)
Chief Executive Officer</p>