Report from the Chief Executive Officer

To Our Valued Shareholders,

TVD Holdings Public Company Limited

In 2024, Thailand’s overall economic situation continued to expand at a rate lower than the government’s expectations. Additionally, extreme weather conditions, including global warming, floods, and droughts, have significantly impacted both the industrial and private sectors, causing many businesses to struggle with losses. Some businesses have faced difficulties in continuing their operations, leading to downsizing or, in some cases, complete closure. These challenges represent a critical test for business management, both this year and in the years to come. The Board of Directors has, therefore, exercised extreme caution in strategic planning to enhance operational efficiency and adapt to the increasingly dynamic economic landscape.

Despite these challenges, the company remains confident in driving growth in both investment businesses and marketing for products and services, ensuring consistent and sustainable revenue streams. The management team is committed to improving internal operational processes for greater agility while generating revenue by sourcing new products that boost sales and encourage repeat purchases. A promising opportunity emerged when TV Direct introduced agricultural products into its sales portfolio, becoming the first home shopping retailer to bring agricultural goods to digital TV channels. Many of these products have demonstrated strong sales performance, with positive feedback from farmers who have successfully used them to restore soil quality across various crops, leading to word-of-mouth recommendations. This success has not only generated significant revenue but also strengthened the company’s brand image. Moving forward, the development of innovative products and services that ensure high quality, safety, and fair pricing remains a key strategic goal for the management team. Additionally, as a holding company, we will continue to carefully assess and explore investments in new high-growth, sustainable, and profitable business ventures.

Regarding the company’s commitment to sustainability, we continue to focus on the three ESG dimensions: Environmental, Social, and Governance. Our strategic sustainability objectives align with initiatives to improve quality of life and public health for Thai society, both now and in the future. We aim to promote eco-friendly products, support Thai agriculture, and expand sales of energy-saving products, such as various Solar Light models. Furthermore, we actively participate in educational development projects, including: ONE TVET (ONE Technical and Vocational Education and Training) – An initiative to enhance advanced skills and knowledge in the industry 4.0 era, elevating Thai labor to the level of WORLDSKILL standards. Influencer Plus Vocational Teacher Development Program – A hands-on training initiative to develop vocational educators. Private Sector Job Creation and Career Development Program – A project aimed at providing sustainable employment opportunities for ex-inmates following their release.

The company believes that sustainable development and the improvement of societal well-being must go hand in hand with our business strategies. The Board of Directors and management team remain fully committed to working diligently toward the growth and development of the organization, while actively contributing to a better society and community, as outlined in our long-term vision.