Message from the Chairman

May I embrace this opportunity to thank every staff-member for joining forces so strongly in leading the Company to successfully overcome this crisis. In the meantime, may I hereby extend my sincerest thanks to the stakeholders and all contributors to our Company’s businesses.

Dr. Thanong Bidaya

Chairman of the Board of Directors

Due to the whole world has been facing the problem of the outbreak of Corona Virus Covid-19 and it is clearly evident that the global economy has been adversely affected as never before happened with the significant impact to Thailand visible from the whole year 2020’s Thai economy GDP reduction of 6.1% in comparison with its expansion of 2.3% in the year 2019 resulting in big-little industry unable to exist. Small-large businesses have laid off high proportion of jobs resulting in the market lack of purchasing power. Actually, the food business though as the most important factor for human sustenance but the consumers have adjusted spending behavior on food to their lower spending based on reason of unexpectable future income. The Company’s performance was unavoidably likewise affected but with our strong working team having a long experience, we are able to lead the Company through this crisis well enough.

May I embrace this opportunity to thank every staff-member for joining forces so strongly in leading the Company to successfully overcome this crisis. In the meantime, may I hereby extend my sincerest thanks to the stakeholders and all contributors to our Company’s businesses.