Message from Chairman

In Q4/2016, we received great news that MALEE Group was, for the first time ranked in CG Scoring of 4 Stars (Very Good) from the Thailand Institute of Directors (IOD).

THAI ECONOMY GROWTH WAS STILL SET TO REMAIN IN A SLOW-GROWTH PATH. UNFAVORABLE SITUATION LIMITS PRIVATE CONSUMPTION AND EXPENDITURE, WHILE GDP GREW UP TO ONLY 3%. HOWEVER, WITH MALEE’S POLICIES AND STRATEGIES CONCENTRATING MORE AT OVERSEAS MARKET, STRENGTH OF MALEE’S BRAND, EXPERTISE AND DEDICATION OF OUR TEAM HAS ENABLED US TO ACHIEVE THE GOAL SET FORTH, WHEREBY OPERATING RESULTS IN 2016 MARKED AS ONE OF THE BEST YEARS OF MALEE’S HISTORY. SALES REVENUE AND EARNINGS GREW CONTINUALLY TO BAHT 6,541 MILLION, AN INCREASE OF 21% COMPARING TO THE PREVIOUS YEAR. SALES REVENUE REACHED THE HIGHEST RECORD EVER SINCE THE COMPANY’S ESTABLISHMENT FOR ALMOST 40 YEARS, WHEREBY NET PROFIT IS BAHT 530 MILLION, AN INCREASE OF 60% COMPARING TO THE PREVIOUS YEAR.

Thanks to the long-term strategic plan for year 2015-2017 - an initial plan that concentrates on building corporate foundation and strength in support of the future growth. There were several changes in 2016. First, the Company was renamed to “Malee Group Public Company Limited” as to be consistent to our business strategy and target in years to come. As for operation, the Company has set up a joint venture with Mega Life Science Public Limited Company to establish “Mega Malee Company Limited” with objective to develop new business segment on natural health-focused food and drink. The Company has also established a new subsidiary called “Malee Applied Science Company Limited with objectives to help local farmers as well as supporting the Company’s income. Malee Applied Science Company Limited will conduct innovation research and development that add value to goods and services, which will be a major driving force to the growth of the Company in the future. The Company accelerates the progress of enhancing our competitiveness capacity on continual basis, by investing in building sustainable base for the future, improving factory, machinery and oices. These investments are intended to improve eiciency, reduce cost, improve quality system, conserve environment and increase the variety of products and packaging. In addition to the tangible asset investment, we also focus on building all new corporate culture through provision of training courses and skill development for our personnel on continuous basis.

In Q4/2016, we received great news that MALEE Group was, for the irst time ranked in CG Scoring of 4 Stars (Very Good) from the Thailand Institute of Directors (IOD). The Company also has been selected to be a constituent stock of MSCI Global Small Cap Indices - as a reference for institutional investors all over the world to benchmark their return on investment.

Finally, on behalf of the Board of Directors, Management and all employees, the Company would like to thank all shareholders, trade alliances, trade partners, consumers and other relating persons for your favorable contribution and support to our business. The Company is committed to operating our business and driving forward to the greater step adhering to the good corporate governance, with transparency, anti-corruption in all kinds, coupled with corporate social and environmental responsibility activities as to take care of our stakeholders in a long term.