Dear Shareholders and Stakeholders,

The year 2025 was yet another year in which the global economy continued to face uncertainty arising from geopolitical tensions, volatility in interest rate directions among major economies, and uneven economic recovery across regions. Meanwhile, the Thai economy recovered gradually, supported in part by the tourism sector and certain government stimulus measures. Nevertheless, elevated household debt, stringent lending approvals by financial institutions, as well as persistently high financing and project development costs, remained key constraints on the property development sector. This was despite the relaxation of LTV measures and the reduction in transfer and mortgage registration fees aimed at supporting the real estate market. In addition, the earthquake that occurred in late March 2025 affected consumer confidence in the property sector for a period of time, particularly in relation to purchase decisions for high-rise residential projects in major urban areas. This represented another significant challenge that the Company had to manage closely throughout the year.

From the perspective of the Board of Directors, we placed great emphasis on prudent and balanced corporate governance across growth, risk management, and sustainability. We closely monitored economic and industry developments so that management could adjust strategies in a timely and appropriate manner in response to changing circumstances. The Board supported operations grounded in financial discipline, prudent liquidity management, and investment selection based on returns and risk management capability, in order to preserve the Company’s long-term stability.

On the management side, the Company focused on refining its operating plans to align with evolving market conditions. Priority was given to developing projects that accurately addressed the needs of each customer segment, maintaining an appropriate balance between low-rise housing and condominium projects to diversify risk and strengthen the revenue structure, accelerating transfers of completed projects as planned, and capitalizing on development opportunities in high-potential locations, particularly Phuket, which emerged as one of the Company’s key growth bases during the year. These strategies enabled the Company to maintain its competitiveness, achieve sales in line with challenging targets, and continue translating strategy into tangible results under the concept of “We Build Happiness.”

As a result of these efforts, the Company generated total presales of THB 23,407 million in 2025, representing a 21% increase from the previous year. Total revenue amounted to THB 9,466 million, while net profit stood at THB 1,078 million. In addition, the Company recorded year-end backlog of THB 33,944 million, which serves as an important revenue base for future growth. These operating results were driven by the progressive transfer of key projects, positive market reception to the Company’s developments, and the increasing contribution of its Phuket project portfolio.

The Company firmly recognizes that good corporate governance is a fundamental cornerstone of sustainable growth. We therefore remain committed to conducting our business with transparency, integrity, accountability, and due regard for the balanced interests of all stakeholders. In this regard, the Company places importance on maintaining an appropriate governance structure, ensuring effective performance by the Board of Directors and management, implementing robust risk management and internal control systems, and providing accurate, complete, and timely disclosure of information in order to strengthen confidence among shareholders, investors, and all relevant parties. At the same time, the Company continues to advance its Environmental, Social, and Governance (ESG) practices in a tangible manner by striving to grow the business alongside environmental responsibility, value creation for communities and society, and care for business partners, customers, and employees, while also elevating operational standards in line with sustainable development principles. In 2025, the Company received a SET ESG Rating of AAA and continued to maintain an “Excellent” CGR rating at the 5-star level, reflecting its commitment to conducting business in a responsible, transparent, and sustainable manner over the long term.

For more than 20 years, AssetWise has remained steadfast in its “We Build Happiness” philosophy, which lies at the very heart of our business. We believe that quality residential development is measured not only by design or location, but also by its ability to create spaces of happiness, warmth, and quality living for every resident. This commitment remains a key driving force that the Company will continue to uphold and carry forward steadfastly throughout every stage of its future growth.

Finally, on behalf of the Board of Directors and management, we would like to express our sincere appreciation to our executives, employees, shareholders, investors, business partners, and customers, all of whom have played an important role in enabling the Company to navigate challenges with resilience and strength. The Company will continue to conduct its business with prudence, transparency, and steadfast adherence to the principles of good corporate governance, while continuously developing the organization to create sustainable value and maximize benefits for all stakeholders in the years ahead.

Mr. Krochet Vipanpong

Chief Executive Officer