Dear Shareholders

          In 2022, the global economic growth slowdown resulted from many risk factors such as the Russian-Ukrainian war, the tightening monetary policy of central banks, China's slower-than-expected economic growth, among others. However, for Leo Global Logistics Public Company Limited (LEO), 2022 was considered a year that we could continue to generate growth in the operating results, significantly setting a record high. In 2022, LEO recorded a total income of THB 4,495.35 million, an increase of 33.41% compared to the same period a year earlier, with a net profit of THB 306.12 million, or a 53.32% rise from the same period last year.

          This success, based on the strategic plan, has enabled us to overcome the problems we faced in the continuous freight rates decline globally by using the capabilities to manage strategically as we have various services and customer groups. In addition, we also have alliances that are shipping lines and airlines, as well as overseas network worldwide, as such enabling LEO to maintain the satisfactory level of the gross profit margin received from management fees and end-to-end logistics services.

         On behalf of the Board of Directors, Executives and employees of Leo Global Logistics Public Company Limited, we would like to thank all our shareholders for your continuous trust, confidence and support in the company's business. We would like to reaffirm our intention to conduct business under the principles of good corporate governance, taking into account the rights of all stakeholders. We are committed to working to achieve the goal to become a leader in integrated end-to-end logistics services in Thailand and ASEAN in the future in a sustainable manner.

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