"The Company is determining to continuously develop and improve the quality of our products and services"

Dear Shareholders

During this past 2-3 years, the fertilizer business has had a slight increase growth rate due to the continuous increase of the raw material price that fluctuate upon the price of the oil and gas. In 2023, the domestic sales volume in Vietnam was at 139,205 tons which is increased from the increase in crop price while fertilizer prices were rather stable. The export volume was at 30,196 tons which decreased at 38 percent from the year before. Therefore, the total fertilizer sales volume are at 169,301 tons which increased at 18 percent from last year as a result of the increasing domestic.

For the factory are management service, Baconco has a total factory area for leasing available at 86,646 square meters and all are fully occupied. At the end of 2023, PMTA delivers a total revenue of Baht 3,778.8 million and a net profit of Baht 58.1 million.

The Company operates the business with commitment to growth, we never neglect to fulfill social responsibility. Baconco’s management retained their full efforts on energy saving and regulatory compliance and Baconco always maintain its high operation efficiency in environmental production management to meet and exceed the requirement of the Vietnamese authority.

The Company is determining to continuously develop and improve the quality of our products and services. We strongly believe that the experiences and determination of our managements and employees shall lead the Company towards sustainable growth. On behalf of the Board of Directors, managements and employees, we would like to thank you all shareholders and stakeholders for your continued supports.