Chairman's Statement

Dear Shareholders,
During 2023, it has been a challenging year for Jaymart Group, both in terms of the performance of companies of the Group and the creation of an ecosystem to prepare for future changes in technology in order to better reflect the Group’s image under the Company’s operational vision to be a Technology Investment Holding Company, focusing on investment in retail, finance, and technology. The shareholders’ meeting approved the change of the Company’s name to Jaymart Group Holdings Public Company Limited, which will create a new image for the Company’s sustainable business operations in the future. In addition, 2023 is considered to be the year that the Company has continuously developed in terms of expanding its ecosystem, which is not limited to within the Group. The Company has extended its business cooperation to a group of companies in which it has invested over the past year, and the operation will be continued in the future.
In terms of performance in 2023, after surviving the COVID-19 pandemic situation, associated companies in the Group were affected by the accelerating situation of non-performing loans. The impact has occurred in the hire-purchase business. To ensure that associated companies maintain their business under appropriate risk management, reserves have been adequately set for non-performing receivables affected by COVID-19 to reflect future risks. Such a cause has brought about the impact of performance on the Company’s consolidated financial statements. However, the Company expects that the establishment of reserves among customers in the business of the consortium has been sufficient to meet the risks and has helped to improve operational efficiency. With the Company's investment management policy, the Company can mitigate the impact of the situation as other major business groups under the Company's investment continue to achieve the target performance.
This year 2024 is considered to be a challenging year for the Company’s operation to prove the ability of the Board of Directors, executives, and employees of the company to turn around the operating results to return to good net profits in line with the Company’s goals. The Company hopes that this year 2024 will be another year for the Company to prove to the shareholders and related parties that, under the management of the Board of Directors and executives, businesses in the Group will continue to grow steadily in the future and remain committed to creating full collaboration of a group of companies and creating synergies among the companies in the Group to grow the Company’s business to achieve its goals.
On this occasion, the Jaymart Group would like to thank all shareholders, customers, business partners, management, and employees who have contributed to the continued growth of Jaymart’s businesses. Jaymart would like to reaffirm that we will continue to conduct its business professionally and develop the organization’s capabilities, along with the implementation of its corporate social responsibility policy to be a good role model for society so that society can have a better quality of life, forever.
Mr. Pisnu Pong-Acha
(Chairman of the Board of Directors)
Mr. Adisak Sukumvitaya
(Chief Executive Officer)