Mr. Narong Varongkriengkrai, MD
Chairman of the Board
28 February 2023

      In the past year 2022, it was another year of great challenges of the Company. The Company has continuously undergone significant changes which the Company has adjusted the business structure plan in various areas by focusing on the extension of the Company’s business operations in Engineering Procurement Construction (“EPC”) business under A2 Technologies Co., Ltd. (“A2”), a subsidiary of the Company. However, the Company aims to continuously develop EPC business to become the core business of the Group Company. Therefore, the Company invested more in Asia Waste Energy Co., Ltd. (“AWE”) by operating a construction contractor for a project to generate electricity from biomass energy to support future expansion. In addition, during the year 2022, the Company has invested in a subsidiary, Green Energy Mining Co., Ltd. (“GEM”) to operate a digital asset business in relation to Bitcoin mining business.

      In the past year, the COVID-19 outbreak has continued and there is no definite end of the pandemic. Although the government has announced to relax measures to prevent and control COVID-19, the Company founds a good trend in such prevent and can reduce the loss from the COVID-19 outbreak, which the Company is ready to cope and adapt to changing situations at present and in the future in order to be able to overcome the crisis of the COVID-19 outbreak.

      While the domestic economy is in a period of recovery as well as rapid changes in technological innovation and the new digital society, this brings about the challenges in adapting to change. and development of the Company’s potential. Moreover, the Company attaches importance to preventive measures and dealing with emergency situations or potential new risks, both short-term and long-term in order for the Company to fully support the upcoming economic recovery.

       The Company has committed to sustaining and maintaining which is to deliver the work and the highest quality service to customers so that the Company can be trusted and ready to be an organization with sustainable growth with social and environmental awareness (Environmental, Social, Governance: ESG), including strict compliance with the regulations of public companies as well as having reviewed the corporate governance policy and the Charter of the Board of Directors and subcommittees. It also places importance on and strictly complies with the anti-corruption policy.

     Finally, all the achievements of the Company in the past year, on behalf of the Board of Directors, I would like to thank those involved and all stakeholders for trusting and believing throughout the past and thank you to all executives and employees who are always committed and dedicated to working well. The Company sincerely hopes to receive such good support in the future to help develop and create sustainability for the Group Company which are under the consideration of all stakeholders and the principles of good corporate governance. It is able to generate appropriate returns for shareholders in the future and wish you all prosperity and good health in the year 2023.

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