Report of the Executive Committee the Executive Committee can conclude that
the Company had been managed and operated
under formulated business plan and budget.
Dear Stakeholders
The Executive Committee was authorized by the Board of Directors to administer and manage the Company’s business, consider and formulate the Company’s business strategy, business plan, annual budget, including report to the Board of Director of the business performance under current competitive environment and give recommendation to achieve the business goal. In 2017, the Executive Committee held a total of 12 meetings, attended by members with expertise and experience as below details: Name
Position
1. Mr. Lee Chye Tek Lionel
Chairman of Executive Committee
No. of attended meeting
12/12
2. Mr. Lee Chye Cheng Adrian Executive Director
12/12
3. Mr. Sataporn Amornvorapak Executive Director
11/12
4. Mr. Tan Chin Kwang Johnson Executive Director
0/2(1)
5. Miss Shanya Sae-tia(2)
6/7(2)
(1)
Chief Operating Officer
Mr. Tan Chin Kwang Johnson resigned from Executive Committee on 8 March 2017. (2) Miss Shanya Sae-tia resigned from the Company on 15 August 2017 (1)
4
Raimon Land Public Company Limited
The summary of the Executive Committee’s performance for the year 2017 are as follows: Target
Performance
Pre-sales of real estate units
THB 4,061.06 mn
Transfer of real estate units
THB 2,866.26 mn
New condominium project launch The Lofts Silom, worth of THB 3,461.46 mn Land acquisition
Secured 2 plots of land in CBD area for condominium project
Development of office rental project
Entered into land lease agreement and completed final design of the project
From the policy set by the Board of Director to maintain growth of the core business, which was residential property for sales, and to increase portion of recurring income, the Executive Committee had considered expanding 2 new business lines which were rental property, including office and retail space, and food and beverage business. the Executive Committee set business portfolio into 3 categories as above and goals for each category in the year 2018 as follows: