Report from the Board of Directors

To Our Valued Shareholders,

TVD Holdings Public Company Limited

From the business operations throughout 2024, the Board of Directors and all executives have set policies for business management to cope with the various situations of the country that are constantly changing by adjusting and increasing the potential for agility in both the holding business and the product and service marketing business, which are the core businesses of the group of companies. As a result, the financial budget report of TVDH submitted to the Stock Exchange of Thailand shows the income and net profit of the group of companies and the parent company from the second quarter onwards, which has a better direction. This is a result of adjusting the work process and setting up a management strategy that is more effective and efficient.

In addition, the company is aware of the factors in business operations that will affect the environment and social rights. Therefore, there is a plan to drive the business that will lead to stable and sustainable development in line with the ESG (Environmental, Social, Governance) guidelines. Various policies and strategies have been considered to review the role of corporate governance in order to comply with the principles of good governance, be fair, transparent, and auditable, along with conducting business with social responsibility. Therefore, the company's sustainability performance in 2024 resulted in the company receiving a Corporate Governance (CG) score from the Thai Institute of Directors Association (IOD) at the "Excellent" (CG 5 stars) level, which is the highest level, and in the group of listed companies with a market capitalization (Market Cap. < 1,000 million baht) in the Corporate Governance Report of Thai Listed Companies survey project, it has been in the Top Quartile for 9 consecutive years. In addition, from the disclosure of information on providing equality for shareholders in the assessment of the quality of the annual general meeting of shareholders in 2024, the company received an "Excellent" AGM Checklist score from the Thai Investors Association, including the results of the inspection of the business operation mechanism that strictly complies with various rules and regulations, resulting in the company being certified as a member of the Private Sector Collective Action Coalition Against Corruption (CAC Thai).

Finally, I and the board of directors would like to thank all executives and employees for their dedication in working together to drive the company forward. To move forward according to the vision and goals of the business and thank you to all partners, customers, shareholders and all stakeholders who have always trusted, supported and believed in the organization. All of us are still committed to driving the company together to create growth and sustainable development in accordance with ethics and good corporate governance forever.