Message From Chairman and CEO

Dear Shareholders,

Despite the ongoing challenges faced by the Thai economy in 2024, both from internal factors and unpredictable external factors, the overall economic growth was reported at 2.5% or 2% compared to the previous year’s average, driven by the tourism sector and infrastructure investments, according to the National Economic and Social Development Council (NESDC).

However, these figures were still below expectations due to high inflation rates, global trade uncertainties, and the slowdown of the Chinese economy. These factors impacted exports and foreign investments, while the logistics business faced fluctuating shipping and air freight costs, necessitating continuous strategic adjustments.

WICE Logistics Public Company Limited continues to expand its business as a comprehensive logistics service provider, focusing on integrating technology to enhance transportation efficiency, reduce costs, and elevate service solutions to meet customer needs.

Simultaneously, the company seeks to expand its network of partners to enhance competitiveness and add value for customers through the development of comprehensive logistics solutions across the region.

For 2025, the company aims to continuously expand its market in Southeast Asia and China, particularly in the Philippines and China, which have shown high growth potential. The company plans to invest in digital systems to enhance logistics management capabilities, including real-time tracking systems and efficient warehouse infrastructure, while exploring new high-potential markets with high growth and margin prospects.

Additionally, the company focuses on developing personnel skills to adapt to industry changes, ensuring competitiveness and maintaining market leadership

While growth in operational performance is crucial, the company also emphasizes sustainable business practices, considering environmental, social, and governance (ESG) responsibilities. The company has consistently operated transparently, fairly, and responsibly towards all stakeholders, both internally and externally. The company continues to develop operations to reduce environmental impact through alternative energy use and efficiency improvements, resulting in being selected as one of the 228 listed companies in the SET ESG Ratings 2024 with an AA rating by the Stock Exchange of Thailand (SET) for the second consecutive year, reflecting the company’s commitment to promoting economic and social development.

Finally, thank you to the Board of Directors, management team, and all employees for their dedication and hard work in overcoming various challenges. I also extend my gratitude to the shareholders and stakeholders for their continued support. The company pledges to operate transparently, with good governance, and strive for sustainable growth to create value for shareholders and society as a whole