Page 4 - ACC One Report 2567-En

Message from the Chairman of
the Board and the Managing Director
Dear esteemed shareholders
At the present, global economic situations remained depression and volatility in every regions effect to economic growth, inflation, unemployment and the closure of the private sector in various countries, including Thailand. Besides, there are significant impacts on the management of financial and capital markets to maintain a balance in determining the direction of solving domestic and international economic problems. The main factor is probably the Russia-Ukraine war, which has expanded to Europe and the Middle East. The economic policy of the United States of America which used an import system tariffs on goods from various countries, focuses on countries that have balance of trade surplus from the United States of America. The collection of tariffs led to trade wars in many regions.
For Economic of Thailand still be affected these impacts which led to economic depression or recession including the problem of economic competitiveness resulting from the liberalization of trade in various regions of the world and the intense competition. In terms of price, quality and technology, the problem of lack of investment capital, even though Thailand or the government has issued a lot economic stimulus measure. However, the results are still not clear. Many companies, both large and small, had to gradually lay off employees and close down. The domestic stock market has declined. From the reasons mentioned above, it has affected to ACC in many aspects of businesses such as renewable energy business, construction business, including credit and mortgage business, which are the core businesses of the ACC group, which have had problems as well.
Nevertheless, company's Board of Directors and Executives tried to solve the problems. They tried to study and analyze new businesses by using strategies to operate the business appropriately and have less impact on the investment, such as the SI (System Integration) business including wholesales of computers and software, electronical relevant and communication tool with a customer base mostly from the government sector and state enterprises, as well as large business groups, by issuing additional shares by private placement in order to paid for shares to RTS (2003) Company Limited which would not disturb existing shareholders in increasing capital and was another channel for doing businesses.
On behalf of the Board of Directors and Executive Committee, we’d like to thanks the shareholders and stakeholders as well as a group of business partners who have supported the company. We give you our words that we will perform business through commitment and corporate governance while upholding in the benefits of every shareholder and stakeholder as that will lead the company on the path of strong growth and sustainability.
General Somchai Youngpituck Mr. Vichien Uasanguankul
Chairman of the Board Managing Director
4
Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited