Message from Chairman

In 2016, it is an extraordinary year for the Company as it is the 40th anniversary of the Company since the establishment on May 31, 1976. After many decades have passed, the Company steadily continues its operation in which allow us to gain extensive experiences to conduct various types of construction. With the support of our engineers team and employees who have a plenty of knowledge, skills, expertise and a high potential to compete the complicated works result in an acceptable as a leading construction company in Thailand by both Government and private sectors.

Thailand’s economy in 2016 has growth at the rate of 3.2 percent which is higher than last year which was only 2.8 percent. The growth rate was due to the impact of the increased of domestic demand and also the tourism which could compensate the decreased of exportation. For the construction industry, it shows the potential to grow due to the expedite investment in infrastructures by the Government which also enhanced the capability of Thailand’s construction industry.

The Company stills strive “to be one of Thailand’s top five largest general construction contractors with international standard, stability and sustainability together with responsibility to society and environment”. The Board of Directors committed to create the growth of the organization continuously and the stability in long - term period, generate satisfactory return to shareholders, stakeholders and all related parties a build positive impact on the overall economy of the country. The Board is also committed to conduct the business in accordance with the guideline of sustainable development in terms of economy, society and environment under the good corporate governance principles. The Board regularly oversees and monitors the Management to perform their duties with carefulness, prudence and responsibilities to all stakeholders as well as provides from time to time recommendation on management of surrounding factors which challenged the business operation in order to minimize risks to an acceptable level.

For the direction of the Company, the Company remains its operation in construction business, focusing on a large scale project of the Government and private sectors which could produce a high profit margin. For the real estate business, the Company’s strategy will focus on the possible market in order to seek for demand and increase its growth rate. In the year 2017, the Company will develop its organization to have a potential at international level to strengthen its foundation and prepare for the economic recovery and the intensive competition. The Company shall improve its management in all aspects, by managing risks more efficiently and effectively, controlling construction and labor cost together with quality of materials and equipment, enhancing efficiency and effectiveness of working to get quality and standard to meet the customer s’ satisfaction while the

Company can optimize the return on profits. Moreover, the Company shall develop its personnel in both technical and management aspect on a continuous basis including encouraging awareness of social and environmental responsibility, since they are valuable resources and key essential of sustainable growth.

The Board of Directors, the executives, the employees and the subsidiary companies of Nawarat Patanakarn Public Company Limited would like to show our gratitude to all shareholders, bondholders, business partners, customers, all related parties, public and society for your support and trust in the Company as always. We do hope that we will continue receiving honor, trust and good support. Kindly believe that we will keep on our commitment and dedication to conduct business with prudence, caution, transparency and in compliance with the principles of good corporate governance and the framework of sustainability development for the utmost benefits of all parties concerned and for becoming organization with stable and sustainable growth in Thailand as the Company’s vision.

Respectfully yours

(Mr. Prasertphand Pipatanakul)