Message from Chairman
The Group, including the Board of Directors, management, and all employees, would like to express sincere gratitude to our shareholders, investors, valued customers, business partners, stakeholders, and all related parties for their continued support. Your trust and encouragement have been a key driving force behind our collective efforts throughout the year. With your support, the management team and employees have remained dedicated in propelling the business forward and overcoming various challenges.The Board of Directors remains firmly committed to upholding good corporate governance and supporting the company in achieving its goals sustainably, in line with the expectations of all stakeholder groups.
The Group previously focused on the development and investment in agricultural land management and the cultivation of economic crops, particularly within the hemp and cannabis industry. However, this sector has become highly volatile due to regulatory uncertainties, changes in government policy, and fluctuating product prices caused by oversupply. These challenges have led to operating losses.As a result, in 2024 and continuing into 2025, the Company plans to diversify its operations by exploring and expanding into new business opportunities.
To enhance profitability and offset the net losses from the Company’s current core business in cannabis and hemp agriculture, the Company aims to address liquidity challenges and improve shareholders’ equity, which is currently below 50 percent of paid-up capital. Going forward, the Company plans to invest in high-potential TECH businesses such as payment gateway solutions, technology media, marketplace platforms, and software development. These sectors offer strong growth potential, driven by global megatrends and digital transformation. In addition, TECH businesses typically have lower operating costs compared to asset-intensive industries and are expected to generate consistent cash flow for the Company, with a projected internal rate of return (IRR) of no less than 12%.
On behalf of the Board of Directors, I would like to sincerely thank all stakeholders, including shareholders, business partners, and all involved parties, for their continued support and trust. I would also like to express my appreciation to the Board, management, and employees for their dedication and commitment. With the combined effort of all, I am confident that the Company will continue to grow sustainably into the future.
Mr. Panthawat Nakvisut
Chairman
