Message from Chairman

The Company remains committed to cautious operations and maintains business growth, cost management across the organization has been carefully conducted and technology has been implemented to reduce redundant work processes, enhancing operational efficiency and competitiveness.

The Company consistently drives sustainable development policies balanced with the concept of Environment, Social, and Governance (ESG),

Dear shareholders

2024 is another challenging year for business operations. The Company has been challenged with factors at both domestic and international levels: global economic slowdown from the ongoing geopolitical conflicts, inflation, exchange rate volatility, advancement of technology and innovation, severe climate change, and intense competition in the retail industry, all of which have affected the Company’s operations.

Amid these challenges, the Company remains committed to cautious operations and maintains business growth with store expansion across Thailand at both provincial and district levels, adding 7 new stores in the country, and 1 store in Battambang, Cambodia. Alongside, cost management across the organization has been carefully conducted and technology has been implemented to reduce redundant work processes, enhancing operational efficiency and competitiveness. As a result, the Company’s net profit in 2024 amounted to Baht 2,366.86 million, a decrease of 11.62 % from the previous year.

In addition, the Company consistently drives sustainable development policies balanced with the concept of Environment, Social, and Governance (ESG), thereby achieving continuous recognition. At the national level, the Company was selected to be on the list of Thailand Sustainability Index, “SET ESG Ratings” for 4th consecutive year while being chosen as a member of the “S&P Global Sustainability Yearbook” for the 2nd consecutive year at the international level.

Lastly, on behalf of the Board of Directors, executives, and employees, we affirm our commitment to conducting business with corporate governance while maintaining corporate social responsibilities for community participation, social development, and environmental care, to drive sustainable growth for all sectors. We would like to extend our sincere gratitude to shareholders, customers, and all stakeholders for their continued trust and support of the Company.