Hello respected PPS shareholders, the past year 2024, been a difficult year for 2 consecutive years, with the following reasons:

External factors include:

1. Thailand's economy grew the least in the region, investment in the real estate sector slowed down, and the real estate sector had problems. Tourism revenue did not meet the target.
2. Interest rates continue to rise. The bank did not release loans, aggravating the company's cash flow.
3. Investors lack confidence in listed companies due to fraud in many cases of listed companies.
4. There is no political stability. The government is not stable at all, making the policy uncertain.

Internal factors include:

1. There are a lot of new employees coming in. It takes a lot of training time and has higher employee salaries.
2. The problem of billing from customers and asking for more money for government projects which have been delayed for more than a year.
3. Problems caused by the delay of The Headland Cape Yamu project with partners have led to a lack of unity in decision-making. Work delays. This will affect sales and the Company's cash flow.

The backlog at the end of 2024 totaled 420.75 million baht, and there are new projects such as the Nakhon Thon Long Life Center project, the Vejthani Chaengwattana Hospital project, and the smart digital technology center project to build the economy. Learning, Innovation, Integration, Intelligent Digital Hub in Medicine (IDHM), etc. In the next year, 2025, the Company expects to receive one new government project, which the Company has achieved in 2024, which is to be certified as a leading organization in greenhouse gas management, CALO, and to be listed in the sustainable stock ranking with an AA rating.