MESSAGE FROM THE CHAIRPERSON

Dear Shareholders,

The year 2024 has been a period of rapid change for the food and bakery industry, driven by shifting consumer behavior, increasing market competition, and fluctuations in operational costs. Despite these challenges, S&P continues to identify opportunities for growth and strengthen our business in all dimensions, laying a solid foundation for long-term sustainable development.

Throughout the past year, we have remained committed to our core policy, “Our customers are our priority.” This commitment goes along well with our responsibility towards environmental, social, and corporate governance (ESG) principles. We strive to conduct business in alignment with our sustainability policy, ensuring that we deliver high-quality, safe products and excellent customer experiences. Moreover, we firmly believe in the importance of employee development, ensuring that our workforce is knowledgeable, skilled, and enjoys stable career growth. To this end, we have actively supported education by collaborating on dual vocational education programs and offering internships at S&P branches nationwide. This initiative enables students to gain both academic knowledge and practical experience, allowing them to earn an income while supporting their families.

On behalf of the Board of Directors, I would like to express my sincere gratitude to our shareholders, customers, suppliers, and employees for their unwavering support and trust in S&P. As we move into 2025, we remain committed to enhancing product quality, service excellence, and operational efficiency, ensuring that we continue to create sustainable value for all stakeholders.

Mrs. Patara Sila-On
Chairperson