Dear Shareholders

In 2023, the Company had many changes that were important to the Company both in terms of changing the shareholding structure of a major shareholder and the business plan. This will allow the Company to further develop its real estate project and will be a good sign to continuously generate income. The potential of 39 Estate Company Limited (“39E”), the subsidiary of AssetWise Public Company Limited (“ASW”), has been increased after the Company became a major shareholder and led an executive team with expertise in various fields to plan and adjust business strategies to have the same standard to support new projects in the future to have a new customer base.

Throughout 2023, the Company continuously launched condominiums. Recently, The Title Legendary Bang-Tao project, with a value of over 4,500 million baht, launched at the end of the year. Bang-Tao Beach is one of Phuket’s important beaches since it is full of unique lifestyles surrounded by hotels, beach clubs, and golf courses. Moreover, the beach has fine white sand stretching for 8 kilometers suitable for relaxation behind the idea of "A LUXURIOUS LIFE IN THE HEART OF BANG-TAO" with full facilities to meet all groups of Thai and foreign customer’s needs, wanting to buy a condominium for living or investment, which received an overwhelming response from customers. Since the Company has good financial status and little inventory, it is able to hold more market share and is ready to continuously launch new projects which is expected that when the project is completed, it will clearly be an important force for the Company’s future growth. The Company is also committed to developing sustainable growth under business operations with good governance. As a result of the operation in 2022, the Company had a total income of 460.95 million baht and net profits were 22.21 million baht decreasing from 38.98 million baht

Finally, all of the Company’s achievement in the past year is considered a testament to the work of every employee and executive. On behalf of the management team, I would like to thank shareholders, stakeholders, and all involved parties for always giving trust and confidence in the Company. The Company hopes to persistently receive good support for the Company’s sustainable growth and promises to adhere to the principle of good governance to benefit stakeholders and society as a whole.