Board of Directors´ Report

The year 2016 has been a year of greatest losses for the Thai people with the passing of the beloved His Majesty King Bhumibol Adulyadej. His Majesty the King who is the father of the land had devoted his time and efforts to the well-being of the Thai people. We will forever remember with great gratitude His Majesty’s boundless benevolence. All Thais need to study the royal guidance to the lives and jobs of their own.

In the year 2016, Thai vehicle industry has manufactured total car of 1.94 million cars or increased 1.6% from last year by producing to sell in the country for 0.77 million cars (reduced 3.8%) and export for 1.19 million cars (reduced 1.3%). The remain factor is from economic slowing down due to unexpanded purchase inside the country. However, Somboon Advance Technology Public Co., Ltd. and subsidiaries have the total income as of 8,397 million Baht. By the company had a net profit 607 million Baht or net profit per share of 1.43 Baht.

The main factor of sustainable growth is that the company had seized the principle of work and Sufficiency Economy of His Majesty king Rama 9 as in business operation. the Company has continually complied with corporate government as regulation for good management, cling to moral, ethical behavior and integrity under the strategy of Somboon Triple Bottom Line by (1) "Good and Smart people", (2) "Business Somboon", (3) "Somboon Community". The Company has expanded the collective action coalition against corruption to supplier continuously. In addition, the Company received HRH Princess Maha Chakri Sirindhorn Royal Award for Thailand Excellence Awards 2016 from Sasin Graduate Institute of Business Administration and Thailand Management Association, SET Awards of 2016 in the Best Sustainability Awards, Thailand Sustainability Investment,Outstanding Investor Relations Awards from the Stock Exchange of Thailand and the survey result of Corporate Government Project Assessment from the Thai Institute of Directors Association in the level of "excellence" for 9 consecutive years to create opportunity for the community.

On behalf of the Board of Directors, thank you for all stakeholders including staff and executives of the Company and please be sure that the Board of Directors will stand for and operate the business under the corporate governance for the sustainable growth.

(Sansern Wongcha-um)
Chairman of the Board of Directors
(Yongkiat Kitaphamich)