Mr. Krirk-Krai Jirapaet

Chairman, Board of Directors

In 2024, business operations in Thailand continue to face significant challenges amid volatility from both domestic and international factors, particularly due to the slow recovery of the industrial sector, political sensitivities, and international conflicts.

In 2025, the Thai economy is expected to grow by 2.4-2.9%. The export sector in the first two months expanded higher than expected, but challenges remain throughout the year due to U.S. policies. The decline in oil prices has raised concerns that growth may not significantly exceed that of 2024. The inflation rate is projected to remain low at 0.8-1.2%, reflecting investment sentiment and private sector production motivation. The Thai economy continues to rely on the tourism sector as the main driver. Public investment budgets are expected to increase by 7.8%, and state enterprise investments are projected to grow by 2.0% compared to the previous year, while the disbursement rate for the 2025 fiscal year investment budget is estimated at 75-80%, higher than 65% in 2024.

QTC Energy Public Company Limited monitors economic changes to prepare for all situations. In the 2025 business plan, the company has intensively adjusted both internal and external strategies to drive sales growth. The company focuses primarily on exports, expanding international sales representatives, and strengthening the sales team to reach new high-potential customers abroad, while maintaining and expanding the domestic customer base by targeting high-potential clients. The company also enhances product development, optimizes production processes to reduce costs, and diversifies investments into the energy business. The business has expanded into electrical transformers, solar energy, and charging stations for transport vehicles, while continuously seeking growth opportunities and developing environmentally friendly products to play a role in reducing global warming for sustainable growth.

The Board of Directors places great importance on good corporate governance. In 2024, the company achieved an excellent corporate governance rating for the 10th 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 tha t the Company’s Board of Directors would manage our Company to grow stably and sustainably.