The year 2025 was another challenging year for THG, due to factors related to public confidence and the economic environment, which affected patient visits during certain periods. Nevertheless, the Company remained committed to the principles of transparency and good governance. During the year, THG reviewed and strengthened its corporate governance processes and internal control systems to make them more robust. At the same time, the Company adjusted its management structure and operational approach to improve efficiency, reduce duplication, and prepare the organization for future growth.

In terms of financial position, the Company implemented continuous measures to strengthen its stability, resulting in greater flexibility and readiness to improve overall performance. A key development was Ramkhamhaeng Hospital Group (RAM) becoming a major shareholder of the Company. In addition to enhancing the stability of the capital structure, this development provides an important foundation for creating practical synergies. These include collaboration in back-office functions, joint procurement and cost management, as well as the exchange of knowledge and best practices in hospital management. Such cooperation will help improve operational standards and increase the efficiency of the hospital network.

Overall, THG continues to have a strong foundation through its network of hospitals in Bangkok and other provinces. The Company has continued to enhance its service capabilities by expanding patient capacity, developing specialized medical centers, and improving the quality of care to support more complex medical conditions. At the same time, THG is seeking partners to jointly develop assets under the Jin Wellbeing County project and adjusting the direction of Thonburi Bamrungmuang Hospital to better align with opportunities in the domestic market. Meanwhile, the Company’s international business continues to progress carefully. Ar Yu International Hospital in Myanmar, which has received the international JCI accreditation, continues to be recognized for its quality of service.

In 2026, THG will focus on achieving quality growth by emphasizing medical standards, patient safety, and patient-centered services. At the same time, the Company will adopt innovation and technology to enhance organizational efficiency and maintain disciplined cost management. These efforts will strengthen the Company’s competitiveness and support long-term sustainability.

Finally, I would like to express my sincere appreciation to the Board of Directors, management team, employees, medical and nursing staff, as well as all partners who have worked together with dedication and responsibility to move THG forward. I am confident that THG will be able to return to stable and sustainable growth, while continuing to create value for patients, shareholders, and Thai society.