CEO Statement

AP (Thailand) Public Company Limited (AP) has maintained its position as the revenue leader in the real estate industry for the fifth consecutive year. This achievement stems from our operations

guided by the vision "Empower Living"

We will continue to conduct business with careful consideration for balancing value creation for all stakeholders across environmental, social, economic, and governance dimensions. Through these efforts, we aim to enhance quality of life and contribute to a sustainable future for society and our nation.

"Sustainable Living"

In 2024, Thailand faced significant economic challenges that impacted sales and profits across many sectors, including the residential real estate industry. Despite these headwinds, AP (Thailand) Public Company Limited (AP) has maintained its position as the revenue leader in the real estate industry for the fifth consecutive year. This achievement stems from our operations guided by the "Empower Living" vision, which believes that a 'home' is not merely living space, but must be designed to address every life requirement.

We drive innovation developed through deep user understanding, delivering products and services that meet practical needs, which we continuously strive to improve daily. As Thailand's real estate leader, we are committed to developing sustainable residential real estate that remains flexible to changing consumer behaviors, incorporates environmentally friendly technologies throughout the design and construction processes, and maintains international recognition.

Throughout our 34-year history, AP has been dedicated to creating homes that serve as the foundation for sustainable quality living. We prioritize residential design and construction processes that extend beyond convenient living spaces to encompass home and project environments that enable our customers and surrounding communities to enjoy "sustainable living."

Environmental Operations

"Choosing to Act for a Better Environment" We are committed to continuously reducing greenhouse gas emissions to achieve Carbon Neutrality by 2050 through initiatives implemented both within our organization and in collaboration with our partners. We promote clean energy usage by installing solar panels in common areas of our horizontal housing developments, with plans to expand to highrise buildings in the future. Additionally, we are installing EV Charging Stations to accommodate evolving energy consumption behaviors. We prioritize sustainable design by applying Green Building concepts. Our buildings are designed with Natural Ventilation systems that reduce energy consumption, while we work with suppliers to select sustainable and environmentally friendly construction materials. Beyond creating homes that promote sustainability, we care deeply about the environment and green spaces within our residential projects through our "Habitat Network" initiative. Working with environmental experts, we develop tree planting approaches and enhance plant diversity appropriate for each specific area. This project increases carbon sequestration, enhances biodiversity, and creates connectivity pathways for birds, insects, and other living organisms. Furthermore, we promote waste reduction and recycling by collaborating with partners to recycle lightweight brick waste and implementing municipal solid waste separation projects with property management companies to establish effective municipal solid waste management cultures within communities. AP Thailand continues to advance environmental innovations because we believe that caring for our planet today creates a better future for everyone.

Social Operations

"Choosing to Reduce Social Inequality" has long been a guiding principle consistently upheld by our group of companies. Beyond conducting business with integrity toward all stakeholders, we firmly believe that promoting education enhances human potential, creates social opportunities, and helps reduce inequality. AP has established the AP Academy division to provide educational opportunities and develop life skills, supporting improved quality of life for all through various ongoing initiatives. The AP Open House program invites students to gain firsthand knowledge of real estate development processes. Similarly, the AP Young Smart program offers vocational students professional apprenticeship opportunities through a dual education system that aligns with the Office of Vocational Education Commission's curriculum, developing practical technical skills through hands-on experience. Additionally, we share knowledge with the general public through AP Public Course Training activities, where our AP professionals impart expertise in construction, design, sales, and real estate services to interested individuals from all backgrounds.

Governance Operations

"Choosing to Build a Transparent Organization" guides our business operations, which are founded on good governance principles, transparency, and social responsibility. We are committed to elevating our governance standards to align with international benchmarks while implementing prudent risk management, preventing corruption, and fostering an organizational culture anchored in business ethics. To reinforce this commitment in 2024, the company has prioritized expanding its transparent business network to include business partners by encouraging them to join the anti-corruption coalition. This initiative has resulted in receiving the CAC CHANGE AGENT 2024 award, recognizing us as one of the real estate development businesses in Thailand's Private Sector Collective Action Against Corruption, presented by the Thai Institute of Directors (Thai IOD) and the Thailand Private Sector Collective Action Against Corruption (CAC). Furthermore, AP Thailand has maintained its "AA" level in the "SET ESG Ratings" sustainability assessment from the Stock Exchange of Thailand and received a corporate credit rating of "A" with a "Stable" outlook from TRIS Rating. These achievements reflect our success in developing a comprehensive product portfolio of single houses, duplexes, townhomes, and condominiums across Bangkok and provincial areas.

AP (Thailand) Public Company Limited remains steadfastly committed to conducting business with the purpose of creating and delivering sustainable well-being across all dimensions of life. In conclusion, I would like to express my sincere gratitude to all our stakeholders for their unwavering support of our sustainability initiatives, enabling us to achieve our goals and continue our development journey. I especially thank each and every employee who has been instrumental in the success of our AP home. Together, we represent the vital force that has guided our company through challenges and created new opportunities for our continued progress.

Mr. Anuphong Assavabhokhin

Chief Executive Officer AP (Thailand) Public Company Limited