In 2020, an overview of Thailand's export canned food business in tuna and seafood expanded by 7.56% in quantity and expanded by 7.90% in value to Baht 97,694 million. The fruit and vegetable group has a quantitative contraction of 9.73% in value and expanded by 1.98% in quantity. Pineapple export industry affected the most by 30% decrease in volume.

During the COVID-19 pandemic, the majority of the world's population was affected by the closures. This situation affect everyone from traveling and spending as usual. The result from this situation had increase demand for processed foods.

In 2020, the company's revenue rose to BAHT 1022 million, which is 12.3% comparing to 2019. This had set our company new record of sales. In 2020, the company received positive effect from exchange rate. USD was strengthened during 2nd – 3 rd quarter and Chinese Yuan was strengthened throughout 2020. Both foreign currencies were the main export currencies of the company. UBIS had net profit of 120 million in 2020 increased from 106 million baht last year.

In 2019, The Company can generate net profit at 104 Million Thai Baht or 19% decrease comparing to 2018 and has net profit at 129 Million Thai Baht that the main cause was the loss from the conversion of exchange rate.

The business outlook for 2021 predicts that the COVID-19 situation will continue and food packaging industry will continue to grow due to increase demand on both domestic and export market. Moreover China market, our major market, start to recover and has the sign of expansion.

Toward the end of 2020, raw materials have been continue rising due to the increased demand and inability to deliver goods due to the COVID-19 and frosty weather that has engulfed the southern U.S. region. However, this situation is expected to improve during 2nd quater of 2021. Managemetn will closely monitor production costs and exchange rates. In 2021, we will focus on developing products in accordance with new regulations and customers need.

Lastly I would like to thanks our shareholder, Board of Directors, executives and employees that have work together to enable the company to achieve its goals and grow sustainably.

Mr.Pasithpol Temritikulchai
Managing Director