WAVE reveals strategy for 2566, moving towards a fully integrated carbon credit business.

WAVE launches strategic plan for 2566, making major changes Entering the business of providing complete carbon credit services Being a trading intermediary and advisor, setting up a flag to be the leader in holding carbon credits in Thailand and Southeast Asia. Confident that the business will grow high according to global market trends. Structure overview section Create a business this year The main income will still come from the Wall Street language teaching business. Expect this year's operating results to turn around.

Mr. James Andrew More, Chief Executive Officer of Wave Entertainment Public Company Limited or WAVE, revealed that 2566 is considered a year of major business restructuring of the WAVE Group to focus on the business of providing complete carbon credit services (Carbon Credit and Renewable Energy Certificates or RECs) as a trading intermediary. Providing advice and planning on carbon credits Responsible for providing resources that has a certificate of renewable energy production To facilitate transactions between buyers and sellers of Carbon Credits and RECs.

For WAVE's new business in Carbon Credits/ RECs, it is operated under Wave BCG, a subsidiary company. which has a model for providing complete carbon credit services both counseling For buyers and sellers who want to operate carbon credits as a One Stop Service, being a developer and evaluator of carbon credit reduction projects (V/VB), studying and procuring carbon credits Including certification of clean energy production (RECs) for future sale.

Mr. James Andrew More said that the company's goal want to be a leader Highest holding of carbon credits in Thailand and in Southeast Asia The strategy for procuring Carbon Credits and RECs will focus on renewable energy production sources in Vietnam. According to the Evident account of IRECs from data in 2565, Vietnam has registered RECs totaling 5.74 million RECs, with WAVE BCG holding. It holds 1.38 million RECs, equivalent to a market share of 23% of RECs in Vietnam. By 2566, it is expected that the holding of Carbon Credits/ RECs will increase to 2 million tons of carbon, and by 2567 it will increase to 4.33 million tons of carbon.

While the trading volume of Carbon Credits/ RECs has good market demand in Thailand, as high as 100 million tons per year, there are only 7 million tons of carbon credits registered with the Thailand Greenhouse Gas Management Organization (TGO), which the market The voluntary sector or Voluntary Markets is likely to grow 15 times in 2573 and 100 times in 2593. As for the Compliance Market, according to figures from the European Union or EU, the trading volume of Carbon Credits/ RECs is as high as 36% of available carbon dioxide. Emission Compared to Thailand, the trading volume is only 0.3%, so there is a lot of opportunity for high growth.

Currently, the carbon credit trading price has increased as high as 410% from 2561 at 21 baht/ton, and in 2565 it has increased to 107 baht/ton. Currently, the trading price is at 50-150 baht/ton. As for the market price, The world is trading at 18-70 USD/ton. It is expected that in 2575 it will likely increase to 80-150 USD/ton. according to higher demand The price difference depends on the type. and the source of Carbon Credits and RECs

Chief Executive Officer of Wave Entertainment Public Company Limited said that the business structure of the WAVE Group in 2566 is divided into 3 businesses, consisting of: 1.Business providing complete carbon credit services which operates under the company WAVE BCG, is expected to generate income for the company of approximately 150-200 million baht. 2. Wall Street language school business, which this year will continue to be the main income generating business group for the WAVE group. There are currently 14 branches and there are plans to open 2 more branches this year, which will generate income for the company of approximately 500-550 million baht and 3. Health business and cannabis for medical benefits. Operating under the company WAVE Wellbing, it is expected that this year the income will be approximately 150 million baht.

“Overview of this year's operating results The main income will still come from Wall Street. We aim to make WAVE turn around. But the profit will not be much. Because the company still needs money to invest for the future. As for the income from the Carbon Credit business, the initial period is not impressive, approximately 150-200 million baht, but in the future it will grow high according to world trends. who want to reduce the amount of carbon It is a business that the company has spent a long time studying. Therefore, we are confident that in the future it will create stable and sustainable income for WAVE,” said Mr. James Andrew More.