Message from Chairman

This Annual Report focuses on our current projects, future projects and also our other assets for future development, as well as our project management activities.

We have been witnessing one of the most severe economic downturns globally in recent history. Against this backdrop Tanayong continues to have modest levels of debt and satisfactory debt servicing capability. Our Company is well positioned for future growth and continues its profitable progress since the end of the business rehabilitation process.

Our human resources are our most valuable asset. Tanayong continues to invest in our people and our infrastructure to support the Company’s efforts. We have increased our training across all departments and strengthened our teams in property development, hotels, marketing, sales and finance. Our Company has implemented a long-term program of staff training in conjunction with a new Management Information System. This will give us a strong competitive advantage in the marketplace and ensure that we can continue to improve the control of our projects and costs.

We are an environmentally conscious property company with a strong sense of corporate social responsibility. The cover of this Annual Report displays the more than one hundred year old Inchan tree at our hotel on the River Kwae, Kanchanaburi. We are very proud of this tree which will be the centerpiece of the renovated hotel. We are committed to ensure our projects protect the environment.

Our pipeline is filling and the 2008/2009 year closed with a sense of purpose and optimism within our Company. We are very confident of our future and the superior returns we can generate for the benefit of all.

I extend my gratitude to all the staff and shareholders of our great Company for their loyal support. The Company will continue to develop its investments and projects to the benefit of our shareholders, our staff, our customers and the broader community.

Mr. Keeree Kanjanapas
Chairman of the Board of Directors