The long-lasting COVID-19 crisis continuing until 2021, causing both business and household sectors to suffer more cumulative economic losses. The Global and Thai Economy are still highly uncertain as the COVID-19 outbreak continues. The Omicron variant became the main variant of the outbreak. Although they do not cause severe symptoms, their ability to spread more quickly means that the number of infected people continues to increase. This could lead to mutations and further increase risks in the future, forcing the economy into a global recession. Learning to adapt and adjust disease control measures to the context ahead is important.

     The Company is aware of the aforementioned risks and has planned to cope with various situations that arise, including the Business Continuity Management Plan (BCP) to enable the business to operate without interruption. During the epidemic, the company emphasizes the safety of employees as a priority. Work is planned by working from home method or meeting via online, while production line employees who still have to work in the factory (Work on Site) have strictly screening measures. Develop a manpower plan to work as a substitute for each other, build confidence for customers, ready to deliver ship repair work as scheduled, as well as to cooperate with the public in strict implementation of government measures to ensure continuity of work and to carry out both ship repair and shipbuilding production according to the plan to generate income and profits for all stakeholders.

     Even this year's turnover has not grown as planned from the impact of COVID-19, ship owners control costs and expenses, limit budget for boat maintenance, choose to do only the necessary tasks, or according to the rules and regulations of the Marine Department which has lenient measures to extend the time of entering the docks including the number of foreign ships cannot be repaired in the country causing price competition among shipyards increased. As a result, the profit margin of the repaired ships was reduced, while the shipbuilding segment can still be managed as planned, ships are delivered as scheduled for every project as well as continually new shipbuilding projects.

     In every situation, the company continues to operate under the concept of Sustainable Development, which has incorporated such guidelines as part of its operations. Balance the economy, society and environment through good corporate governance in accordance with corporate governance principles to create balance and sustainable values for all stakeholders.

Finally, I as the Chairman of the Board of Directors, Board and the Company's management team thank the shareholders, partners and all related parties for trusting and supporting the Company's operations well over the past 40 years, also thanks to the management and employees, everyone who is dedicated to making the company achieve goals amid challenging circumstances in 2021 and please be confident that we will continue to build a business to grow steadily and sustainably.