“Dear Shareholders”

The Thai economy in 2023 grew by 1.9%, less than the 4.0% forecast, slowing from 2.5% growth in 2022 due to a slowdown in major trading partners’ economies, high interest rates, and international conflicts in several regions affecting energy prices. Additionally, the delay in forming a government and preparing the 2024 fiscal budget bill led to a contraction in government consumption and investment.

Despite facing challenging circumstances, the Company, through collaborative efforts aimed at conducting business with sustainability by the Board of Directors, management, and employees, has earned customers’ trust. This led to total revenue of 4,588 million baht and net profit of 72 million baht with new contracts signed worth a total of 2,500 million baht, resulting in a backlog of over 4,600 million baht at the end of 2023. The Company also received the “Excellent” rating in the Corporate Governance Report of Thai Listed Companies from the Thai Institute of Directors (IOD), continuing its streak of excellence.

For 2024, Thailand’s economy is projected to grow by 2.7%, an increase from the previous year, driven by growth of the tourism sector and increases in both private and public consumption at 3.0% and 1.5% respectively. Private investment is also expected to grow by 3.5%, while government investment is expected to contract by 1.8%. However, the government has policies focusing on digital innovation development, digital government promotion, cloud computing adoption, smart city development, and the Bio-Circular-Green Economy (BCG). In addition, organizations in several sectors will continue to pursue Digital Transformation and adapt to increase their competitiveness and service capabilities by utilizing various technologies such as Artificial Intelligence (AI), especially Generative AI, Big Data Analytics, Internet of Things (IoT) technologies, Robotic Process Automation (RPA), and Immersive Technology in various applications. Cloud Computing adoption will also grow significantly, including Cyber Security and personal data protection technologies, which will become increasingly necessary and widely used by all organizations. Furthermore, organizations will increasingly adopt technologies to promote sustainability.

With experience, readiness, and expertise in advanced technologies, combined with expanding business opportunities in both public and private sectors, 2024 presents great opportunity for the Company to offer and deliver advanced ICT solutions and digital innovations that address social and environmental challenges. Implemented under the umbrella of established quality and security standards such as ISO 9001, ISO 20000, ISO 27001, and CMMI, these solutions will enable customer organizations to enhance their service capabilities and operational efficiency, ultimately supporting their sustainable growth.

Executives and employees at all levels are therefore committed to achieving the shared goal of Smart Path to Sustainability by integrating the collaboration of subsidiaries, focusing on building partnerships with strong business partners, and expanding the technology service base to new customers with more flexible and diverse business models to promote success of customer missions and to achieve stable long-term growth.

On behalf of the Company’s Board of Directors, we would like to express our sincere gratitude to shareholders, customers, business partners, financial institutions, executives, employees, and all stakeholders for their trust and consistent support in the Company’s operations. The Board of Directors, executives, and employees of the Company are committed to operating under good governance, creating high-quality digital technologies that deliver values to customers and society, and being environmentally responsible. This continues to be part of the mechanism that helps drive the country’s digital economy and society to grow sustainably.

General Sumpun Boonyanun

Chairman

Mr.Watchai Vilailuck

Executive Chairman / Chief Executive Officer