through the year 2016, the online game industry has had tremendous changes, due to the rise of numbers of mobile game users, thus Asiasoft had inevitably adjusted our strategies in that regard and increased mobile games to a higher proportion than the previous year. Apart from seeking new opportunities, Asiasoft is still committed to retain our current PC users. For the past year, Asiasoft’s PC games had brought back high quality, classic games that were popular in the past, which were most welcomed by our users.
In terms of our financial performance, Asiasoft did better on losses, meanwhile there were still special items on impairment. However, those impairments were not as high as in the past, which means that we are moving in the right direction. Moreover, we have adjusted our business plans and reduce complications in the company’s structure, as well as our subsidiaries at home and abroad by selling, transferring, and closing some of them down to increase management flexibility and effectiveness.
However, those changes result in commitment from the management team, to develop our online business even further, including searching and developing new applications that will reach out to all our target groups, so that we will once again become the leader of online entertainment on Southeast Asia as before.
On behalf of Asiasoft, I would like to thank you all for your contribution to the progress of our organization. The Management team and all staff would like to thank you all for using our services, as well as giving us feedbacks which have played a most important part in giving us motivation to improve. We would like to thank all our business partners who have placed your trust in us, and thanks to all our shareholders for your trust and productive recommendations given to the Management Team. Please continue to believe in us. Asiasoft will dedicate ourselves to transparent business with social responsibilities that will lead to the utmost benefits of all relevant stakeholders and sectors.
Mr. Tan Tgow Lim
Mr. Pramoth Sudjitporn
Chief Executive Officer