Chairman’s Statement

In 2024, HINSITSU (Thailand) Public Company Limited remained committed to product development and expanding its customer base to better cope with increasing market volatility in the future. Moreover, in 2024, the production volume of electrical appliances increased by 7.7%, in line with the relocation of manufacturing bases for air conditioners, washing machines, electric motors, refrigerators, electrical wires, and fans. However, this past year marked a period in which the Company actively collaborated with both new and existing clients in product development. As a result, products launched in the initial phase might not yet generate significant sales, and initial costs may be relatively high due to lower production volume.

Looking ahead to 2025, the Board of Directors is confident that the Company’s performance will improve, driven by higher sales of new products that have been continuously developed since the previous year with both existing and new clients. Orders are expected to increase steadily. At the same time, the rising production volume will enable the Company to manage gross profit more efficiently. In addition, the export outlook for electrical appliances continues to show growth potential. Therefore, the Board is confident that 2025 will be a year of growth in both revenue and net profit, enabling the Company to meet its goals. Nevertheless, the uncertainty surrounding U.S. international trade policies under President Donald Trump remains a concern. The Board of Directors is not overlooking this matter and has assigned the management team to closely monitor developments that may affect the Company’s short- and long-term performance.

On behalf of the Chairman of the Board and the Chief Executive Officer, we would like to express our sincere gratitude to all stakeholders—shareholders, customers, business partners, and every employee—for their dedication and continued support. We assure all stakeholders that the Company remains steadfast in its commitment to organizational advancement. The Board pledges to uphold ethical standards and dedicate its full efforts to leading the HINSITSU Group toward sustainable and high-quality growth in both revenue and profitability.