Message from the Board of Directors

Dear Stakeholders,

2019 was a challenging year, stemmed from various factors, particularly change in consumer behavior influenced by impact of technology and demographic change. HomePro, engaging in home improvement retailing, is well aware of these changes and has reshaped its strategies to keep pace with this social and economic evolution through products and services innovation through Omni Channel retail as well as development of personnel and internal management efficiency including the implementation of Automated Storage and Retrieval System (ASRS) in Ayutthaya in order to ascertain adaptability and come out on top upon these environmental changes.

Thailand’s economy grew slower than expected due to slumping exports. The export sector has been affected in accordance with the economies of major trading partners and the declining global trade volumes. In addition, consumers’ purchasing power is still affected by high household debt and low agricultural prices. However, the government has implemented various measures to stimulate the Thai economy, such as the state welfare card and the ‘Eat, Shop and Spend’ project. On the economic front, the company embraced the need for operational efficiency and total supply chain improvement to ensure the quality and worthiness of our products and services, to satisfy demands through product selection, and to achieve operational cost management. The company continued to expand new store in area with strong purchasing power. In 2019, HomePro opened 2 HomePro stores at Charansanitwong and Mukdahan, 1 HomePro S store at Samyan Mitrtown, and 2 Mega Home stores at Ban Chang, Rayong and Bangna-Trad, thus, the company operated 84 HomePro stores, 9 HomePro S Stores, 14 Mega Home stores, and 6 HomePro stores in Malaysia.

The Company emphasizes on sustainability growth and ensures that it conforms to the social and economic evolution. The company placed an importance on social and economic perspectives for sustainability growth with dedication of operating with business ethics and good corporate governance, take into account of its stakeholders, and encourage responsible consumption through promotion of Eco Products. These products offer safety, energy saving, and environmental concerns. With our commitment to sustainability, the company was listed as a member of Dow Jones Sustainability Index (Emerging Market) for 3 consecutive years in 2019, the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. In Thailand, the company was awarded “Excellent” by the Corporate Governance Report for 5 consecutive years, and “Highly Commended” in the SET Sustainability Awards by the Stock Exchange of Thailand.

In 2019, the Company has become part of the Thailand Responsible Business Network (TRBN), an association of corporate sector working together to promote responsible business operations and steer the sustainable development at the national level in terms of economic, social and environmental dimensions, undertaking the global issues and the United Nations’ Sustainable Development Goals (SDGs).

On behalf of the Board of Directors, I would like to express my sincere gratitude for the continuing trust, confidence, and support placed by clients, shareholders, partners, associates, and stakeholders. The company believes that every stakeholder is the main impulse thriving the company to achieve corporate growth and enhancing value to all stakeholders.

 

(Mr. Khunawut Thumpomkul)

Representative of the Board of Directors