Dear Shareholders,

With more than a century of operations, BJC continues to strengthen itself and marches on towards becoming the regional powerhouse, acting as the key to establishing an interconnected business ecosystem. BJC is committed to developing its business by incorporating the concept of sustainability as part of its determination to drive growth within the framework of good corporate governance, business integrity and transparency, as well as social and environmental responsibility. More importantly, throughout BJC’s extensive operation, its Executive Board and staff members have readily navigated every wind of change, adopted new skills and technology, anticipated the future through investments, and delivered value through new business endeavors that align with the trends, in order to address each and every need that arises, as well as ensure long-term balance and stability for the Group.

The year 2022 was yet another year of various challenges. The aftermath of battles against the COVID-19 pandemic saw all sectors—consumers and businesses alike—resuming their activities with the “Next Normal,” a lifestyle in today’s world where safety and hygiene become core, with technology being the transitional intersection. Each and every market activity gained renewed vigor particularly around the end of 2022, resulting in BJC generating 163,601 million Thai Baht in total revenues, an 8.9% increase from last year. BJC’s consolidated net profit available for the shareholders of the company reached 5,010 million Thai Baht, a 39.8% increase from 2021.

With the vision to be the leader in the ASEAN region, Berli Jucker Public Company Limited, or BJC, currently operates both domestically and in the CLMV countries, namely Cambodia, Laos, Vietnam, as well as in Malaysia and China, with comprehensive network of distribution centers and logistics system all over the region. More importantly, BJC continues to explore new markets for the expansion of its business and investments, aiming to establish an ecosystem that covers upstream, midstream, and downstream businesses, enables joint growth, and readies the Group for future global market endeavours.

I feel honored to be able to witness the continuous growth in all of BJC’s business segments, including the healthcare business, where we provide healthcare products, diagnostic systems, medical equipment and supplies; the logistics business where we currently provide comprehensive logistic services; the growth of BJC’s retail business group, Big C Supercenter, thanks to the continuous expansion of over 100 new branches in 2022, ranging from Big C Supercenter hypermarkets, Big C Mini proximity stores, Pure pharmacies to Big C Foodplace. Another important platform for BJC is the Donjai model, whose store network is being rapidly expanded all over Thailand. The essential goals of this platform are to develop, grow, and modernize small local grocery stores through sales-enabling data systems, while Donjai partners still retain their original ownerships of their stores in accordance with our concept of joint success in business development.

For over 140 years, the BJC Group has adhered to the principle of good corporate governance, conducting its business with integrity and transparency, and maintaining the balance between business development and environmental responsibility. More importantly, BJC enriches the society through its support for education, religions, and cultures. The Group nurtures seeds of virtue by promoting engagement from all segments, starting from its staff members, and moving along towards community supports through the continuously growing BJC Big C Foundation. The next step forward is to build upon various helpful activities and projects to jointly contribute to the betterment of Thai society and quality of life.

In today’s landscape, sustainability plays a crucial role and requires collective contributions. As such, the BJC Group has established its pillar towards sustainability through the concept of “B.J.C.” (Better Living, Joint Success, and Caring for Community) where we collectively pursue better living through a variety of goods and services, strive for joint success and growth across all sectors within the framework of social and environmental balance. BJC has also adopted the concept of ESG, that is, to operate while considering 3 domains of responsibility—environment, society, and governance, as its business foundations alongside adhering to the United Nations Sustainable Development Goal (UNSDGs) and UN Global Compact (UNGC). We believe all of this will serve as firm roots that allow a big tree like BJC to continue to grow with values and provide shade for all, with coverage extending to the entire business ecosystem.

I would like to thank all shareholders, clients, business partners, various organizations, and all interested parties for providing your support to the operations of BJC Group. Most importantly, I would like to thank the Executive Board and every staff member for their indispensable contributions towards developing our business and delivering the best of the best to consumers. From this step onwards, we are ready to collectively push the Group's visions and policies to the best of our abilities, so that we may achieve our goals together and firmly move forward into our 141^st year.