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Super Turtle Public Company Limited 7I am pleased to say that we have now completed the change to our fiscal year reporting, to align with our parent company, so the following comments refer to the twelve months ending March 2025.The past year saw us open six Turtle shops, which is less than we had planned, due to delays in getting construction approval from the relevant authorities. Nevertheless we completed our plans to renovate the remaining lease spaces on BTS core Green Line Stations. In March we opened our first standalone Turtle X shop at Thana City in Bangna, this will be a useful test for potential future expansion. Our Turtle shop sales have grown 78% year on year and the SSSG was 9% which clearly outperforms the market. Year on year lease space occupancy has grown by 8% and income by 17%. After the first three months (April - June 2024) of last year, we drafted a revised fiscal budget projection, with the target of cutting the projected annual loss by a quarter. I am pleased to report that we delivered on this plan, through improved sales and lease income, coupled with savings in operating expenses.At the beginning of last year, we introduced two important new measures to help us monitor and improve our business performance. The first is our Corporate Steering Wheel, using the balanced scorecard system. This has helped our still comparatively new team learn what it takes to deliver on the four key quadrants of Finance, Operations, Customer and People. I am pleased with the results achieved, overall we rated green for the year, we have taken the learnings and adjusted the targets accordingly for the year ahead. The second measure was the introduction of what we call our Service Excellence program. Working with HS Brands Global (Thailand) Ltd., mystery shoppers evaluate each shop weekly for all the key factors involved in providing customers with the best possible shopping experience. Overall we have scored quite well and learned a lot in the process, this will see us re-focus on key areas in the year ahead, most notably speed of service.All the other projects that we had planned to implement in the past year have been successfully completed and we are already working on the new plans for the coming year. I will pick just one big win to highlight, that%u2019s our customer loyalty program. Working with the experts at Rabbit Rewards, we have introduced several measures to boost our customer engagement. Customers now enjoy exclusive Member Prices through Turtle Club on the Rabbit Rewards Mobile App and can also earn and burn points in Turtle shop. This %u2018secret sauce%u2019 has helped us deliver our strong sales performance, customers who use the loyalty program now account for 66% of sales up from 45% a year ago. As I mentioned last year, we are still a relatively new company with lots of opportunities for improvement, we have a young team that is growing in capability, we will continue to carefully choose the number of annual projects, in terms of importance and workload.I am very pleased with the progress made in the past year, we have made great steps in developing the business for all our stakeholders. Looking forward, I expect the next twelve months in Thailand to be challenging for the reasons we all know. We have a great team and strong plans to continue to improve our performance, in addition, the introduction of the Governments THB 20 fare scheme will bring new consumers into the mass transit network, we are ready!Mr. Ian Craig Longden Chief Executive Officer 3. Message from CEODear Shareholders and Stakeholders,Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment