Message from Chairman

The Company has expanded its investment into the Kingdom of Saudi Arabia to enhance the resilience of its business value chain and diversify geopolitical risks, in alignment with Saudi Arabia’s Vision 2030 to develop its domestic automotive industry. This move positions the Company as a first mover in the region, strengthening Thailand’s automotive value chain on the global stage and supporting the Company’s international growth ambitions under its corporate vision. The decision aims to create cost advantages, access new markets, and improve long-term competitiveness, while being integrated into the Enterprise Risk Management system to drive stable and sustainable growth across the entire business value chain.

In the past year, the Sustainability Index was 2.39, reflecting the Company’s overall sustainability performance compared to the base year of 2016 (index = 1.0). This is aligned with the improvement in eco-efficiency (Eco-Efficiency: EBITDA per tCO2e), which increased to THB 31,110.93 per tCO2e, compared to the base year value of THB 13,035.60 per tCO2e. This progress demonstrates the Company’s enhanced ability to generate economic value relative to its greenhouse gas emissions and serves as a key indicator in assessing its climate change performance. The results indicate that the Company has continuously improved its capability to generate profit per unit of greenhouse gas emissions, despite external challenges affecting its financial performance. Total revenue was THB 2,435.51 million, representing an increase of 0.62%, while net profit was THB 301.66 million, representing a decrease of 7.76% compared to 2025. The Company remains committed to achieving business growth while reducing environmental impact. This is reflected in revenue from low-carbon products amounting to THB 1,426 million, and strong human capital productivity, with revenue generation capacity of no less than THB 4.36 million per employee per year.

The Company places importance on strengthening good corporate governance as a foundation for trust and sustainable growth. It is committed to enhancing its corporate governance framework, risk management, and internal control systems to ensure transparency and alignment with international business practices. Currently, the Company is in the process of studying and preparing for the implementation of management systems in accordance with ISO 37001 (Anti-Bribery Management Systems) and ISO 22301 (Business Continuity Management Systems). These frameworks will help reinforce business ethics, ensure business continuity, and enhance the Company’s ability to respond to uncertainties. This reflects the Company’s commitment to responsible management and to safeguarding the long-term interests of all stakeholders.

The Company recognizes its role and responsibility to society throughout the business value chain. It places importance on fair labor practices, human capital development, safety, sustainable well-being, and the creation of equal opportunities, alongside continuous engagement with communities and society in its areas of operation. These efforts aim to reduce inequality, strengthen social stability, and support business growth based on trust, respect for human rights, and the creation of shared value among the Company, its employees, and stakeholders over the long term. This commitment is driven by the development of new technologies and innovations to enhance capabilities in advancing economic, social, and environmental outcomes across the value chain. It also leads to the creation of business opportunities that respond to societal needs while sustainably reducing environmental impacts amid the challenges of achieving Net Zero by 2040 in line with science-based standards (SBTi), and supporting Carbon Neutrality by 2035. The Company advances these goals through collaboration with stakeholders across the value chain, driving decarbonization in parallel with business operations aligned with the Circular Economy Management System Standard (CEMS. 2 Part 2-2021).

The Company implements plastic recycling traceability and conformity assessment of recycled content in accordance with TCAS 9–2565: 2022, as well as industrial waste management toward zero landfill in line with CAS 10–2565: 2022 (Industrial Waste Management towards Zero Landfill). These practices are carried out systematically based on the 8Rs principles, covering resource reduction (Reduce), reuse and recycling (Reuse & Recycle), circular product design (Circular Design), and the development of sustainable and low-carbon raw materials (Sustainable Raw Materials). In addition, the Company continuously improves its business processes to maximize resource efficiency and promote long-term environmental conservation, supporting sustainable operations across the entire value chain.

Finally, on behalf of the Board of Directors, we would like to express our sincere appreciation to our shareholders and investors, as well as all stakeholders, for their continued cooperation and support in the Company’s operations. We also extend our gratitude to all employees for their dedication in creating environmentally friendly products and delivering sustainable value to stakeholders, while contributing to the improvement of quality of life in society under the principles of good corporate governance toward sustainability.

Mr. Sompol Tanadumrongsak

Managing Director and Chairman of Executive Committee