Message from Chairman

M.L. Chandchutha Chandratat
Chairman of the Board of Directors
Dear Shareholders,

In 2018, Thailand’s overall economy grew from the previous year through continued expansion of exports from production sector, growing construction of large projects, especially in the urban area, supported by government and private sectors, which includes an Eastern Economic Corridor (EEC) and major infrastructure projects of various sky trains and rapid transit lines as well as inter-city highways. Nonetheless, certain sectors have begun to saturate due to higher oil prices, rising international trade tension, and domestic and foreign political uncertainties, which all had negative impacts on global and Thailand’s economy towards the end of 2018.

Presently, Chememan’s sales from overseas account for 60% of its total revenue, while the remaining are from local sales to customers in various industries. From the abovementioned situation, 2018 was a challenging year for Chememan. The Company adapted its business strategies to the changes and present-day situations, and is determined to expand its business while continually considering the risk factors that impact the business. The listing of the Company on the Stock Exchange of Thailand in March 2018 has strengthened Company’s business and financial position through all the changes.

Chememan adheres to conducting business with good corporate governance; being responsible to its stakeholders; focusing on efficient use of natural resources that will benefit society and the environment. The Company develops and organizes various projects to enhance quality of life of people in the surrounding communities, and puts emphasis on the education of children, so that they can grow up to be good citizens of the country in the future.

On behalf of the Board of Directors, I would like to express my sincere appreciation to the Company’s stakeholders, management and all employees for their continued trust and support. I assure you that we will perform our duties to the best of our abilities, while considering benefits of all stakeholders as well as upholding corporate governance for the Company’s sustainable growth.