Page 5 - One report AUCT2024_Eng

Message from the Chairman
For 2025, it is still necessary to monitor the overall global situations on a continued basis after the change in the leaders of the powerful countries as it may lead to fluctuations of the world economy, affect trade and exchange rates. In terms of the Company, the hire-purchase business may slow down, which can be seen from the decline in sales of new vehicles. In addition, the sales of EV vehicles do not soar as high as in 2023, unlike the vehicle pledged for a loan business which has an outstanding growth rate during the past 2-3 years. Directions of NPL and Stage 2 debt quality problems remain at a high level. All of them will result in a high number of confiscated vehicles, like the previous year, though there are debtor assistance measures issued from time to time. Nonetheless,
the Company keeps on moving forward on development of warehouses in the vicinity areas to expand the opportunity to receive more confiscated vehicles as well as to adjust the internal processes and create a service image to be of the same standard at all branches nationwide.
On behalf of the Board of Directors, we would like to thank all shareholders, trade partners, customers and all groups of stakeholders for their continued trust and support. The Board of Directors is committed to supervising and supporting the business operations under the good governance principles by considering the balance in both the economic and social dimensions to ensure sustainable growth of the business.
-Paiboon Sareewiwatthana-
(Assoc. Prof. Dr. Paiboon Sareewiwatthana) Chairman of the Board of Directors
บริษัท สหการประมูล จากัด (มหาชน)
Union Auction Public Company Limited
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