Synnex Thailand (Synnex's JV in Thailand)'s revenue reach NT$33.5 billion in 2021, an annual increase of 15%; its net profit reach a record high of NT$770 million, a sharp increase of 33% from 2020. With its diversified business tentacles and excellent digital capabilities, Synnex Thailand is not afraid of the severe impact of the epidemic on Thailand's economy. Synnex Thailand is optimistic that in 2022, with the ease of the epidemic and its aggressive business expansion strategy, both revenues and profits will continue to grow.

Synnex entered Thailand in 1999 and deeply cultivated the local market. In less than 10 years, Synnex Thailand successfully went public in 2008. The current market value is about NT$20 billion, making it the largest 3C channel service provider with the highest market value. In addition, Synnex Thailand invested in a local company to establish Next Capital Plc. in 2017. It entered the field of personal financial services and engaged in installment payment business. It was listed in 2020. The current market value is about NT$8 billion, an increase of more than three times.

Synnex Thailand has been actively diversifying its business in recent years. In distribution business, the product category has expanded from the original information and communication products to new fields such as e-sports, cloud, AIoT, medical care, electric vehicles, and robots; and the sales area will also expand from Thailand to Myanmar, Laos, Cambodia and other countries around the Indo-China Peninsula.

In addition to continuing to expand its existing business, Synnex Thailand is also accelerating the development of its service business, to provide more services for upstream and downstream customers and expand its role as a channel service provider. Last year, it transformed the original subsidiary specializing in rapid maintenance into a comprehensive pre-sales and after-sales service company, and fully developed into home services, technical services, solutions, DaaS/leasing services, etc. At the same time, Synnex Thailand is optimistic about the huge demand of enterprises for data security, and will also enter the network security market to provide information security maintenance and operation management services.

This year's goal will be to accelerate the construction of e-commerce platforms. Synnex Thailand will continue to use its own business management experience and digital capabilities to deploy various Management Service Platforms (MSPs) to build the most complete IT ecosystem in Thailand, adding fuel for future growth.