Dear Shareholders,

For more than five decades, Thai Central Chemical Public Company Limited has been dedicated to the production and distribution of high-quality chemical fertilizers. We take great pride in our role in supporting Thailand’s agricultural sector, contributing to its sustainable growth by providing farmers with the essential resources for successful cultivation.

Over the past 50 years, our company has undergone numerous changes, the most significant one is delisting from the Stock Exchange of Thailand two years ago. This transition has allowed us to enhance our decision-making agility and improve overall business efficiency. Last year, we undertook a corporate restructuring, including streamlining our board of directors to facilitate more flexible business administration. Additionally, we refined our sales and marketing strategies to better align with market conditions and customer needs.

Despite no longer being a listed company, we remain committed to upholding strong corporate governance. Our audit function continues at the board level, and we adhere to regulatory standards concerning transactions that may present conflicts of interest, such as Connected Transactions, in line with the practices required of listed companies. Furthermore, we maintain our dedication to social and environmental responsibility in accordance with ESG (Environmental, Social, and Governance) principles. As a testament to this commitment, we were honored with the Green Industry Award Level 5 by the Ministry of Industry, the highest recognition for businesses that continuously improve their production processes and environmental management throughout the supply chain. This achievement reflects our unwavering responsibility to society and sustainable development.

Our strategic initiatives, combined with favorable market conditions, have led to strong business performance. In 2024, the company achieved a net profit attributable to the owners of the parent company of THB 1,468 million, representing a 38% increase from the previous year. Further details on our performance can be found in the Management Discussion and Analysis section.

As we step into our sixth decade, I am confident that Thai Central Chemical Public Company Limited is well-positioned to navigate future challenges and achieve our goal to be the first choice of growers.

Mr. Hideo Hatada
Corporate Board Chairman