Message from Chairperson

Dear Shareholders,

In 2023, there were several factors affecting Thailand’s economy, including 1.)  Global geopolitical conflicts in various regions, such as the Gaza–Israel conflict and the prolongation of the war between Russia and Ukraine. 2.) Fluctuations in the global financial market are influenced by the monetary policies of major trading partners and issues within foreign financial institutions, particularly in the United States and the European Union. 3.) The economic slowdown in China caused a contraction in Thailand’s exports. However, they expect to begin expanding again in August and continue growing throughout 2024.

Despite the challenges impacting overall exports, the company remains steadfast in executing its business plan and adapting strategies as needed. We are committed to enhancing our logistics services by expanding investment in businesses related to logistics services and offering comprehensive freight transport solutions. Over the past year, the company has invested in several key projects, including 1) The Cold Chain Logistics Project at Sahathai Terminal, designed to align with our business expansion plan and advance our cold chain logistics capabilities. 2.) We have partnered with key stakeholders to establish Adventist LEO (Thailand) Co., Ltd., which has opened the Multi-User Logistics Center on Bangna-Trad Road, km. 19. This strategically located center is connected to major transportation hubs, including Suvarnabhumi Airport, Laem Chabang Port, and Bangkok, enhancing the convenience and efficiency of supply chain operations for our customers. 3.) We have joined forces with Logistics Intelligence (Cambodia) Co., Ltd. to establish a new joint venture in Cambodia. This venture is focused on developing integrated logistics services between Thailand and Cambodia, further expanding our capabilities in integrated logistics and warehouse solutions.
 
This company’s strategic investments are designed to meet customer requirements, enhance our revenue potential, and build a solid foundation for sustainable growth. We are focusing on innovation and excellence, which ensures that we continually adapt to market demands and drive long-term success.

On behalf of the Board of Directors, Executives, and employees of LEO Global Logistics Public Company Limited, we sincerely thank all our shareholders for your continuous trust and support. We reaffirm our commitment to upholding the highest standards of corporate governance, respecting the rights of all stakeholders, and diligently working towards our goal of becoming a leader in integrated logistics in Thailand and ASEAN.

Sincerely,
Mr. Sanee Dangwung
Chairman of the Board of Directors