Dear Shareholders,

As I write this message, the challenging times resulting from the prolonged COVID-19 pandemic over the past few years have subsided, allowing various businesses to recover. Although the global economy remains volatile due to the worldwide recession, last year, MACO managed to weather the storm and return to profitability for the second year running, demonstrating that we have surpassed our lowest point. This achievement would not have been possible without the relentless trust and support of our shareholders as well as the dedication and hard work of our executives and employees whose efforts have been pivotal in driving our robust growth. For that, I would like to express my heartfelt thank you.

In 2022/23, MACO maintained a steady recovery from the previous year, growing by 21.5% to record a total revenue of THB 2,595mn and a net profit of THB 134mn. Our primary source of revenue was derived from our System Integration or IT Solutions business, operated by the industry’s leading companies namely, Trans.Ad Solutions Company Limited and Roctec Technology Company Limited, collectively known as the “Trans.Ad Group”, whose operational presence span across Thailand, Vietnam and Hong Kong. This accomplishment is a testament to the success achieved through our strategic shift towards the digital technology business which began in 2020.

Aside from our commitment to business development, MACO also places significant emphasis on making contributions towards sustainable development and fulfilling our social responsibility. Each year, under the project “MACO for share”, we offer our media space for non-profits and charitable organisations to share content related to social responsibility. For instance, in the past year, we offered our media space for various government campaigns such as Sharing Podcast, Bangkok Street Performer, the National Physical Therapy Week, and the EDEAF (Education for the Deaf) project as well as UNHCR’s Empathy Emergency Fund for Refugees, the King’s Cup-Jet Ski World Cup Season 2022, and the BECITASA Community Development project.

Moving forward, we have set our growth target for 2023/24 at 10 - 15% from the year before, mainly through the expansion of our System Integration business under the Trans.Ad Group, corresponding to our strategic focus on the digital technology market. With a substantial cash reserve exceeding THB 1,000mn, we have set our sight on continuing to explore new business opportunities in addition to our ongoing projects under the BTS Group. At the same time, we aim to advance the development of our Game Publishing business to reach full operation. While we are confident our traditional media business will continue to grow under the expert management of Plan B Media Public Company Limited.

On behalf of the Company, I would like to extend my sincerest thanks to all our stakeholders for your trust and continued support, especially throughout the recent hard times. In addition, I would like to thank our management team and employees for your resilience and dedication, which have propelled MACO to bounce back stronger. I firmly believe 2023/24 will be an exciting year for us. By leveraging our collective expertise, experience, and collaboration among all teams, I am confident that we will achieve continuous growth, resulting in the creation of maximum benefits for all stakeholders.