2022 was the year that economic recession impacted globally due to the inflation and rising interest rates which significantly affected the purchasing power. For the online gaming industry, it was a year of market correction after experiencing rapid growth during 2020-2021. As a result, the global gaming market value in 2022 decreased by approximately 4.3%.

From the aforementioned factors, Asphere’s performance declined in accordance with the global recession trend and the result of launching the new game which was beneath the expected scenario. Nevertheless, compared to the business result prior to the COVID-19, the performance still represents a significant increase in revenue and profit. In order to strengthen the Company's business potential in Southeast Asia, the Company fully returned to penetrate the Vietnam market by establishing a joint venture with partners in Vietnam. In the meantime, the Company enhanced the strategy and business growth direction from the original online gaming business through organizational restructuring to 4 business portfolios: Online Gaming, Blockchain and Innovation Technologies, MarTech, and Venture Capital. With first movement in Blockchain and Innovation Technologies, the company has established a joint venture with BitKub Group, a leading player in the cryptocurrency exchange and blockchain technology, to develop the complete blockchain platform and ecosystem to support the new generation of gaming service. In addition, the Company partnered with Sabuy Technology Public Limited Company., which has become one of the major shareholders to promote business cooperation and key strategic alliance to drive for the future’s business growth.

In 2023, Asphere is ready to embark on diverse business portfolios to be a leader in digital technology. The performance of either Online Gaming or Blockchain & Innovation Technologies will be more prominent through the launch of Astronize Platform and new generation of gaming services in this year. In addition, the Company is also interested in innovation technologies investment, especially in MarTech and Metaverse platforms, which will play a significant role in the new era of the internet. To ensure a clear and coherent organizational branding with the new strategies and future direction, The company is renamed to Asphere Innovations Public Company Limited, which signifies the merger of Asiasoft (AS) and Sphere, meaning the world that never stops moving. Therefore, Asphere also implies the readiness of Asiasoft to expand the wing out of Asia to serve the global market with innovative products and services under the concept of "Serving the Infinite Future."

2023 is an ambitious year as the consequence of economic and various turnarounds. However, we are strongly confident that with our strategy, teamwork, and dedication to the same goal, the Company will ultimately achieve the business objectives. All in all, we would like to appreciate the continuous support and trust in Asiasoft. To secure the sustainable growth and the social responsibilities, we assure that the Company has compiled to the good corporate governance principles for the highest benefits of the shareholders.