“Dear Shareholders”

Throughout 2025, the Thai economy continued to face pressures from both external and domestic factors, including currency volatility, changes in trade and tax policies of major trading partners, and geopolitical conflicts in various regions of the world. Domestically, the transition of government policies following the change in administration also contributed to economic uncertainty. As a result, Thailand’s economic growth in 2025 expanded by 2.4 percent, lower than the previously projected growth rate of 2.8 percent.

Amid these challenging conditions, Samart Telcoms Group has continued to conduct its business with determination under the principle of sustainable development. Through the strong collaboration of the Board of Directors, management, and employees at all levels, the Company has maintained the trust of its customers. During the year, the Company successfully secured new contracts worth over Baht 6,300 million, generated total revenue of Baht 5,440 million, and recorded a net profit of Baht 100 million. In addition, the Company maintained a backlog of more than Baht 6,700 million as of the end of 2025.

In terms of sustainability, the Company has consistently focused on energy efficiency, the control and reduction of greenhouse gas emissions, and the implementation of social and environmental initiatives while minimizing environmental impacts. The collaboration with sustainability-oriented partners has been strengthened to expand the customer base and enhance the value of the Company’s products and services. At the same time, the Company operates under internationally recognized standards, including ISO 9001, ISO 20000, ISO 27001, ISO 27701, ISO 29110, and CMMI. In addition, it has consistently received an “Excellent” rating in the Corporate Governance Report of Thai Listed Companies from the Thai Institute of Directors (IOD).

In 2026, the Thai economy is projected to grow by 2.0 percent, supported by private and public consumption, the continued recovery of the tourism and service sectors, as well as the increased of government budget frameworks. Meanwhile, investment in digital technologies and effective application are becoming key drivers of the country’s competitiveness.

Expenditures on information technology are therefore expected to continue increasing, particularly in digital infrastructure systems and software related to Artificial Intelligence (AI). The government will continue to promote digital technology policies, including digital government development, smart city initiatives, and the Bio-Circular-Green (BCG) Economy model, alongside the adoption of AI technologies for advanced analytics, regulatory oversight, and operational efficiency. Furthermore, integrated efforts to strengthen cybersecurity and data privacy are expected to continue. Meanwhile, the private sector is entering the era of the AI-driven enterprise, with an increasing adoption of AI technologies to support data analysis, service improvement, and operational efficiency. In particular, the emergence of Agentic AI is expected to drive automated operations or autonomous operations that streamline processes, enhance accuracy, and create strategic advantages. Organizations are also increasingly adopting advanced technologies to enhance service capabilities and competitiveness, including immersive technologies, cloud computing, Internet of Things (IoT), intelligent ERP systems, and various digital platforms. At the same time, greater emphasis is being placed on cybersecurity to safeguard critical systems and data and to reinforce customer confidence.

The Company possesses extensive experience in delivering digital solutions and services to customers, while continuously strengthening the capabilities of its workforce in cutting-edge technologies as well as maintaining sustainable collaborations with leading technology partners. As a result, the Company is well positioned to adapt to digital transformation, undertake large-scale and challenging projects, and develop innovative solutions. At the same time, it continues to expand opportunities into new customer segments while building long-term projects that generate recurring revenue from both public and private sector clients.

Finally, on behalf of the Board of Directors, we would like to express our sincere appreciation to our business partners, shareholders, customers, executives, employees, and all stakeholders for their continued trust, cooperation, and support. The Board of Directors, management, and employees remain firmly committed to conducting our business with responsibility toward society and the environment under good corporate governance practices. At the same time, we are dedicated to the development of high-quality digital technologies that meet international standards to create meaningful value for customers and society. The Company firmly believes that these efforts will contribute to advancing the sustainable growth of Thailand’s digital economy and society.

General Sumpun Boonyanun

Chairman

Mr.Watchai Vilailuck

Executive Chairman / Chief Executive Officer