2024 was another year that the Company encountered continuous challenges from volatile and sensitive economic conditions from both domestic factors, such as political uncertainties, slowing consumption, reduction of private sectors investment as well as high interest rates and household debts, and external factors that had wide impacts globally. One of important factors was the strategic competition between China and the United States of America, ongoing or emerging war conditions in various regions that did not only affect the economies of the countries directly involved with the war, but also the global supply chain, energy prices, consumer goods prices, investments and global trade, including Thai economy because Thailand still has to depend on exports, foreign investment and tourism. If the global economy continues to slow down and uncertainties occur, it may result in a decrease in tourism demand which will affect Thailand’s tourism industry which has just recovered from the COVID-19 pandemic.