Page 14 - BTSGroup ONE REPORT 2021/22_EN

12 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

1.3 MESSAGE FROM THE CHAIRMAN

Dear Shareholders and Stakeholders,

As we wrap our FY 2021/22 from uncertainties and At the time writing, there is an ongoing matter
pandemic woes, I would like to take pause and regarding the Green Line concession extension
contemplate on the positive changes which have with the Bangkok Metropolitan Administration
been reflective from our executions under the 3M (BMA). We continue to be open and willing to
strategy; MOVE, MIX and MATCH. Additionally, collaborate with all representatives of the BMA
with the rise in vaccination rates, tripling this year and the Government in general. Due to the as yet,
(up to 130mn doses), and the cessation of un-concluded discussions on a Concession
the Test & Go Scheme, the Ministry of Public Health extension, a repercussion is that the outstanding
is ardent on classifying the pandemic to an endemic receivables of over THB 40bn (from provision of
disease. Following the ease in COVID restrictions, Operations & Maintenance, and Electrical &
we see optimistic signs evidenced by the recent Mechanical works) owed to us by Krungthep
rebound in ridership levels, signifying passenger Thanakom (KT, a limited company founded and
confidence to resume daily travel. 99.98% by BMA) have not yet been paid. The Group
prioritises shareholder value with the utmost
BTS Group is committed to providing safe and importance, prompting us to file a lawsuit against
reliable modes of transport for its patrons, working to KT with the Central Administrative Court back in
uplift communities and assisting them through trying July 2021. We are currently awaiting the Court’s
times and tribulations. This year our commitments official ruling, which is expected to be resolved
toward CSR efforts and initiatives have supported (in our favour) soon. Furthermore, we are optimistic
(i) various food-bank and consumer products that the newly elected BMA Governor, will be
donations to COVID-19 patients across community expediting the payment of this outstanding debt
isolation centres, flood victims, Foundation for Child as one of his early initiatives.
Development and (ii) scholarships programmes, in
alignment with our Sustainable Development Goals.