Chin Huay Public Company Limited

Dear Shareholders

After being listed on the Stock Exchange of Thailand (SET) in September 2022, the Company has started to invest and expand the market as planned. The Company focuses on expanding the health food market through all distribution channels, both domestically and internationally. Moreover, the Company has also started to market under the Company brand in order to be remembered by customers and respond to the changing trend of consumers who pay more attention to health care.

The Company aims to be a leader in the manufacturing and distribution of dehydrated fruits, canned fish, and healthy snacks under new food innovation and clean technology that will not only help create a better quality of life for consumers but also preserve the environment and create a better society sustainably. This is another challenge in propelling business toward corporate sustainability.

The Company is confident in the direction of the business believes that it will grow sustainably in the long run, making every product of the Company accepted in the global market and also helping to create the sustainability of the healthy food industry.

For the year 2022 turnover, the Company is growing strongly, with revenue from sales of 1,831.35 million Baht, which is an increase of 26.98% from the previous year, and a net profit of 103.27 million Baht as a result of effective management of manufacturing costs and the ability to export more products according to orders. Since the COVID-19 outbreak and the lack of ships and containers for international shipping have eased over the previous year, the Company has been able to deliver products to foreign customers who had demand for the dead stock during these situations more effectively. In addition, during the second half of the year, the government has a policy to relax and open up the country for foreign tourists to travel in. Therefore, this is also another factor supporting the increase in domestic sales revenue.

In 2023, although the overall picture of the global economy tends to shrink, especially in Europe that has been affected by the protracted Russo-Ukrainian war, the Company still sets the goal for revenue in 2023 to increase 10% from 2022 and expects revenue to grow together with the recovery of the tourism industry, both in the country and in the Southeast Asian countries that have started to open up and become the destinations for western and Chinese tourists. The Company also expects that these incomes will increase the number of exports of the Company apart from the main export markets in Europe and America.

The Company would like to thank all shareholders, business partners, and every related party who has always supported the Company. The Company is confident in the direction of the business and believes that it will grow sustainably in the long run, making every product of the Company accepted in the global market and also helping to create the sustainability of the healthy food industry.

Prof. Dr. Udomsil Srisangnam
Chairman