Message from the Chairman

PSGC also undertook internal initiatives to enhance organizational effectiveness, including selective reorganization efforts to strengthen operational efficiency and align the Company for its next phase of growth.

Over the past year, PSGC has continued to strengthen its core business while taking decisive steps toward strategic transformation. Our construction and engineering operations have progressed steadily, supported by a solid project backlog and disciplined execution, which together have contributed to stable revenue growth, positive cash flow, and sustained profitability.

At the same time, PSGC has advanced its organizational capabilities through continuous improvements in human capital development, internal controls, and risk management frameworks. We remain committed to maintaining high standards of governance, transparency, and accountability, while also enhancing our sustainability practices. In 2025, we continued to build upon our ESG foundation, reinforcing our long-term commitment to environmental responsibility and sustainable value creation.

Recognizing the evolving global and regional landscape, PSGC has accelerated its strategy to diversify into the energy and natural resources sector, with the objective of creating new long-term growth drivers and enhancing shareholder value.

A key milestone in this transformation is our strategic expansion into the regional energy market, with a particular focus on the Lao People’s Democratic Republic. Laos presents a compelling opportunity given its abundant natural resources, established energy infrastructure, and increasing importance as a regional energy hub.

In line with this strategy, PSGC has successfully entered the traditional energy sector through its participation in the coal value chain. Throughout 2025, the Company dedicated significant and intensive efforts to advancing this initiative, overcoming complexities across technical, operational, and commercial aspects. Building on our operational experience from pilot activities in the mining sector, the Company completed the strategic acquisition of Nam Tien Limited Liability Company in February 2026, marking a significant milestone following a year of sustained effort. This investment marks PSGC’s first significant step into the energy supply chain, encompassing mining operations, logistics, and cross-border coal transportation. Through this platform, PSGC is now positioned to support regional baseload power generation while developing expertise in resource-based operations.

Beyond traditional energy, PSGC is also actively pursuing opportunities in renewable energy and energy storage solutions, which are critical to supporting the long-term energy transition. In collaboration with Electricite Du Laos and relevant government authorities, the Company is currently undertaking feasibility studies on pumped storage hydropower ("PSH") projects. This technology has the potential to significantly enhance grid stability, optimize renewable energy integration, and support cross-border electricity trading within the region.

In parallel, PSGC is exploring hybrid energy solutions that integrate renewable generation, such as solar and wind power, with energy storage systems. These initiatives reflect our broader vision of developing an integrated energy platform that balances reliability, sustainability, and long-term growth.

Looking ahead, PSGC will continue to build on its strong foundation in engineering and construction while expanding into energy and natural resources. Our strategic direction remains focused on disciplined investment, operational excellence, and the creation of sustainable value for all stakeholders.

On behalf of the Board of Directors and management team, we would like to express our sincere appreciation to our shareholders, employees, partners, and stakeholders for your continued trust and support. PSGC remains committed to navigating this transition responsibly and delivering long-term growth in an increasingly dynamic business environment.