In 2020, the Company received capital increase from last exercise of Warrant amounted Baht 1,792 million, this is another source of funding to expand our business. In addition, the Company will entry into a joint investment transaction with Government Saving Bank in Fast Money Co., Ltd. in order to operate the auto title loans business for quality and low risk customers. And will entry into a joint investment transaction with Noble Development Public Company Limited in SWP Asset Management Co., Ltd. for expansion of asset management business. These two transactions will be completed in Quarter 1 of 2021, and will help the Company’s business continue to grow.

As for the core business of the company Group, overall of SAWAD’s group was unable to increase the portfolio size as planned due to the outbreak of COVID-19, however, the portfolio size increased by 11% from year 2019, and increase the number of branches by the end of 2020 by totaling 4,750 branches in operation in all major municipalities throughout all provinces in the country. In addition, the Company has provided personal loans under supervision of Bank of Thailand after the Company had increased investment in Srisawad Capital Co., Ltd. which provide personal loans under supervision. However, the company group still carefully released loans to customers, debt managing and cost control, including with expanding insurance brokerage service. All these factors enabled the Company to increase the net profit to Baht 4,790.84 million compared to Baht 3,928.75 million in 2019, a growth rate of 22% from year to year.

The company group will continue to focus on sustaining the profit growth as it has in the past. The aim is to grow the business by another 30%, through branch expansion and online channels, diligent credit assessment, risk management, and expanding the various lines of business such as Insurance or incorporate with our business partners to develop new technology not only local partners but also foreign partners, to expand core business as well as the new opportunities.

With the skills of the Company’s employees and management team from their deep experience in the business, the Company aims to produce attractive returns for all the stakeholders including shareholders, business partners, customers and employees.

On behalf of the Board of Directors, I would like to express our gratitude to all customers, business partners, investors, and shareholders for the support that the Company has received. I would also like to thank all of our personnel and management team for the dedication to the company group, enabling us to grow and succeed at the rate that we have thus far.