Dear Shareholders

          The return of COVID-19 outbreak from late 2020 has delayed Thailand’s economic recovery. A large number of economic activities have been limited under the strict measures to slow down the spread of the disease for several months and thus causing the stagflation. Nevertheless, exportation was counted as major economic drive during the year 2021, making a come back at huge rate of 17.14% rising up from a shrink of 6.01% in 2020. And this has also resulted in higher Freight Rates.

          The year 2021 was considered another challenging year in which all of the Executives and Employees was working very hard to create a better operation result than the preceding year. Due to a new wave of COVID-19 outbreak that occurred along with the challenges and limitations in Freight Forwarding, for example, the limited shipping space and the higher Freight Rates, the Company was thus making strategies to direct its business operations to conform with the ever-changing situations and in appropriate ways to serve the Customers’ need in a more comprehensive fashion and was able to timely solve the Customer’s problems. In 2021 we managed to grow with dynamic operating results, with a net profit of 199.66 million baht, a 246% increase compared to 2020, breaking the record for the highest profitability since the establishment of Company.

         On behalf of the company’s Board of Directors, the Executives and Employees of Leo Global Logistics Public Company Limited, we would like to thank our Shareholders for the principle of Good Corporate Governance taking into account the rights of all stakeholders and committed to achieving goals to further stride to become a leader in End-to-End logistics business in Thailand and ASEAN.

Sincerely, 
Mr. Sanee Dangwung
Chairman of the Board of Directors