Mr. Krirk-Krai Jirapaet

Chairman, Board of Directors

In 2025, the Thai economy continued to face volatility driven by multiple factors, including geopolitical uncertainties, elevated energy prices, rapid technological transformation, evolving trade policies, exchange rate fluctuations, inflationary pressures, and modest economic growth of approximately 2.2%. Although conditions improved slightly in the final quarter, supported by gradual expansion in consumption, private investment, and accelerated public spending, overall growth remained subdued.

Looking ahead to 2026, the Thai economy is expected to remain in a period of stabilization amid both external and domestic pressures, with projected growth of approximately 2.5–3%. While political stability appears to be improving and the tourism sector is showing positive signs of recovery, the global security landscape continues to present downside risks that warrant close monitoring and prudent management.

In response to these challenges, the Company has formulated strategic initiatives aimed at strengthening operational efficiency and continuously enhancing the expertise and capabilities of our personnel to maintain competitiveness in the global marketplace. We firmly believe that the strength of our people is the cornerstone of sustainable organizational advancement. The Company remains committed to conducting business in accordance with the principles of good corporate governance, transparency, and comprehensive risk management, thereby reinforcing stability and delivering sustainable growth.

In 2026, the Company will strategically expand into emerging clean energy markets to enhance long-term competitiveness. At the same time, we will continue to develop and strengthen our core businesses, particularly amorphous transformers, which improve energy efficiency and reduce power loss, aligning with the global transition toward sustainable and environmentally friendly energy solutions. In addition, we will further advance our integrated solar solutions under a One Stop Service model, electric vehicle charging station business for transportation fleets, battery solutions, and energy storage management systemsindustries that demonstrate strong growth potential. These initiatives will be pursued alongside continuous talent development and operations guided by ESG principles.

The Board of Directors places great importance on good corporate governance. In 2025, the company achieved an excellent corporate governance rating for the 11th consecutive year, reflecting its commitment and concrete actions in this area. The company aims to maintain high standards and quality in corporate governance with continuous dedication and rigor.

The Company’s Board of Directors would like to express gratitude to all patrons, stakeholders, and related persons in Thailand and other countries for your consecutive support. The Company would like to ask you to believe that the Company’s Board of Directors would manage our Company to grow stably and sustainably.