Dear Shareholders and Stakeholders,

The year 2009 was another year of challenge for every business sector as a result of the US economic crisis which began in 2008 and affected all over the world until it reached the lowest point in 2009. Although the economic trend has begun to rebound in the second half of the year, the effects of the decline of consumer confidence in spending and the decline in export market, which is the staple income of the country, have reduce in the rate of expansion of the Gross Domestic Product or GDP for 2009 to negative 2.3%.

However, due to our concrete foundation built through the steady increase in efficiency of internal management, improvement of the competencies and advantage over the competitors in the aspect of merchandises, increased efficiency of management of cost of sales, continual expansion of the branches, development of the feature of services including relevant marketing strategy; in 2009 HomePro managed to reach the expanded gross sale of 9.65% and had the rate of expanded gross profits increased up to 19.12%, where same store sales growth had expanded up to 5.1% together with the gross sale of new branches including the organization of the HomePro EXPO.

For the year 2010, even though the signal of the rebound has been brighter and the confidence of the consumers has significantly increased, the economic picture of the world remain fragile, considering the internal political situations of the country in particular. Therefore, the Company has prepared a work plan including different strategies to maintain the continual increase in the rate of expansion of the gross sales and profits. Hence, it is necessary to depend on the efforts and determination of all employees; cooperation of all shareholders including the support of the trade partners; trusting and acceptance from all groups of customers of the Company.

Finally, the Company wishes to thank those who have supported the business of the Company in every aspect and hopefully the Company could continue to receive your cordial cooperation and support. The Company has committed to operate and develop the business to be prosperous for maximum benefits of the shareholders, trade partners, customers and more than 5,000 employees of the Company all over the country.