2022 is another very challenging year. Business situations and environments are still undergoing significant changes. As for the economic situation, there are signs of recovery from the reduction of the impact of the COVID-19 epidemic, causing consumers to start spending more. In addition, the increase in both Thai and foreign tourists is also another key factor driving the economy to grow better. However, there are still negative factors that put pressure on the economy, such as the impact of inflation in the country from rising commodity prices, including the raw materials for the company's business operations, causing the company to adjust and prepared to deal with such situations.

Despite the aforementioned challenging situations and changes in market conditions, the company has made strategic plans and continual adjustments, resulting in significant profit growth compared to the previous year. In fiscal year 2022, the company has sales and service income of 12,696 million baht, an increase of 29.3% over the previous year, and a net profit of 1,199 million baht, an increase of 120% over the previous year, as contributed by both beverage and food businesses. In addition, the company maintains a stable and strong financial position and continuously pays dividends to its shareholders. This is reflected in the affirmation of the company's credit rating at A+ level according to the review results of TRIS Rating Co., Ltd. These successes come from the cooperation of the executives and employees who help each other to overcome obstacles and challenges until achieving satisfactory performance.

The company continues to implement its strategic plans, with the beverage business maintaining its leadership position in the RTD tea market with the highest market share being number one consistently. In addition, the company has received the "Thailand's Most Admired Brand 2022" award for the eleventh consecutive year, reflecting strong, powerful and trusted OISHI brand for more than a decade. At the same time, the overseas beverage business has expanded its market to neighboring countries in the ASEAN region that have high business growth opportunities and consumers prefer products from Thailand, such as the Kingdom of Cambodia, the Lao People's Democratic Republic, and the Republic of the Union of Myanmar, etc. The company believes that with the strength of its brand and the quality of its products, coupled with continuous marketing activities with consumers and distribution channels, will enable the company to further expand its growth in overseas markets.

For the food business, the company continues to expand restaurant branches in response to the return of economic activity after the outbreak of the COVID-19 virus, especially delving into community-level areas along with ongoing marketing promotions to keep customers coming back to use the service at the restaurant. In addition, the company has introduced new restaurants in order to create variety and respond to the changing and more complex consumer behavior. In the ready-to-cook and ready-to-eat food business, the company continues to focus on product development and innovation in existing product groups, while also expanding into new product groups. This also includes finding additional distribution channels and continually expanding export markets.

In addition, the company has a policy to conduct business with integrity and social responsibility in order to deliver quality, useful and safe food and beverages to consumers. The company also places importance on the economical and cost-effective use of natural resources and environmental preservation in order for the company to conduct business in conjunction with sustainable social development.

Finally, on behalf of the Board of Directors, I would like to ensure that all executives and employees are committed to performing and administering their duties to the best of their ability in order to lead the company to grow sustainably and maintain its market leadership in both beverage and Japanese food businesses under the group of Thai Beverage Public Company Limited on the principles of good corporate governance. This also includes operations based on transparency, compliance with good governance, and social and environmental responsibility. I also would like to thank the shareholders who have always trusted and supported the company's operations.