Over the past year, NR Instant Produce Public Company Limited (the “Company”) operated in an environment marked by significant volatility driven by various macroeconomic factors. These include the global economic slowdown, U.S. import tariffs, foreign exchange fluctuations, social changes, geopolitical conflicts, and climate change issues. Coupled with the Company's internal financial situation, these factors presented substantial challenges in sustaining growth and strengthening our competitiveness. The Board of Directors has closely monitored these developments, ensuring the implementation of appropriate measures to maintain business continuity and the Company’s financial stability.
Despite these challenges, the Company remains committed to its strategic plan for organic growth, with a focus on our core business segments, particularly Ethnic Food. We have adapted our operations to align with the changing environment through measures such as enhancing efficiency, optimizing costs, and integrating technology and innovation into our workflows and production processes to improve product quality. Furthermore, we have adopted a cautious investment approach, by reducing investments in businesses that are not aligned with our core operations or whose growth prospects no longer align with current market conditions. Simultaneously, the Company has remained dedicated to maintaining a balanced approach to sustainable development by integrating Environmental, Social, and Governance (ESG) principles into our core strategies, value chain, and decision-making processes. This approach supports balanced growth, risk mitigation, and long-term value creation for all stakeholders.
The Board of Directors remains steadfast in upholding the principles of good corporate governance, transparency, and accountability, while maintaining a zero-tolerance policy toward all forms of bribery and corruption, and ensuring fair and equitable treatment for all stakeholders. The Board of Directors is confident that a strategic approach that balances business growth with social responsibility will enhance the Company’s resilience and sustainable profitability in the long term, while strengthening our readiness to navigate future changes.
On this occasion, on behalf of the Board of Directors, I would like to express our sincere gratitude to our shareholders, business partners, customers, employees, and all stakeholders for your continued support and trust. The Company remains committed to operating under our vision: “To be a leader in delivering delightful and sustainable food experiences”. Guided by the principles of good corporate governance, we remain committed to creating positive impacts for society, communities, and the environment as we continue to drive sustainable business growth and create shared value for the long-term benefit of all stakeholders.
Mr. Dan Pathomvanich
Chief Executive Officer and Director