Chairman’s Message

Economic Conditions in 2023 and Global Volatility

The overall economic landscape in 2023 saw Thailand continuing to face inflationary pressures and rising interest rates, which impacted the residential real estate sector as financial institutions tightened lending criteria. Although the economy had begun to recover following the easing of COVID-19 pandemic control measures since mid-2022, the global economy remained persistently volatile — driven by ongoing geopolitical tensions including the Russia-Ukraine conflict and the US-China trade war. These combined factors meant that the Thai economy continued to face both domestic and external risk factors.

Management Strategy and Sustainable Growth

Despite the challenging economic conditions, the Company has remained steadfast in its commitment to enhancing product and service quality. We have adapted our development strategies to be more modern and responsive — meeting evolving customer needs while upholding the Company’s quality standards. Our sales strategies have been aligned with prevailing market conditions, with close customer consultation to stimulate interest and demand. The Company has also placed strong emphasis on effective liquidity management and organizational capacity building, continually improving internal management processes to raise operational standards. The Board of Directors recognizes the importance of conducting business in accordance with sound corporate governance principles — transparently and ethically — to ensure sustainable growth across economic, social, and environmental dimensions.

On behalf of the Board of Directors of Arinsiri Land Public Company Limited, we would like to express our sincere gratitude to all shareholders, customers, business partners, financial institutions, and every stakeholder for their continued trust and support of the Company’s operations. We also extend our deepest appreciation to all executives and employees for their dedication and commitment to the Company’s best interests. The Company will continue to safeguard the interests of all stakeholders to the best of its ability, as we build a stronger and more sustainably growing business for the future.