(Mr. Panote Sirivadhanabhakdi)
Chairman of Executive Committee

The year 2017 is another challenging year for Golden Land Property Development PLC in maintaining its pace of growth and progress as evidenced by the continued outstanding performance following the change on its shareholding structure in late 2012. Moving from a multibillion property developer, the Company started to achieve revenue of over ten billion Baht last year. All in all, 2017 is reckoned a banner year for the Company as it can make impressive strides toward ambitious goals in the face of economic headwinds.

Subsequent to Frasers Property Limited (FPL) strategic investment in the Company, in 2016, the Company has incorporated the best practice of knowledge and know-how in property development into business strategies in order to add value to the management of horizontal residential projects and Golden Ventures Leasehold Real Estate Investment Trust (Golden Ventures REIT) and to strengthen potential for new development projects, e.g. Samyan Mitrtown mixed-use complex, of which the construction has achieved progress according to plans and is expected to be completed by late 2019.

The Company remains steadfast in its commitment in bringing commercial property development projects up to acceptable international standards so as to gain wider international recognition and find favor with clients farther afield, thereby in turn giving a boost to domestic economy. The Company aims to ensure all buildings under its management meet international standards and certification requirements for ecological sustainability such as Leadership in Energy and Environmental Design (LEED) developed by U.S. Green Building Council (USGBC). To date, Sathorn Square and FYI Center office buildings have been awarded LEED Gold certification for their environmentally sustainable design and management.

On behalf of the Board, I would like to thank all managements, employees and stakeholders for continued dedication and thank shareholders for giving trust and solid support to the success of Golden Land Property Development PLC. The Company is firmly determined to deliver our best to become a leading property developer in Thailand and a socially-conscious organization that contributes greatly to the sustainable development for the country.

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