Corporate Governance Rating

The Company is committed to operating with good corporate governance, transparency, accountability, and adherence to international standards. The key performance results are as follows:

1. Corporate Governance Assessment (CGR)

• The Company has been awarded “Excellent” in the Corporate Governance Report for the 12^th consecutive year by the Thai Institute of Directors (IOD), the Stock Exchange of Thailand, and the Securities and Exchange Commission (SEC).
• This reflects the organization’s commitment to maintaining high standards of governance and earning strong trust from investors and stakeholders.

2. Policy and Guideline Enhancements

• Reviewed and updated the Corporate Governance Policy Manual and the Employee Code of Conduct Manual to ensure they are concise, easy to understand, and easily accessible.
• Required all employees to acknowledge and confirm their compliance through the SPL Consent system.
• Supported continuous knowledge development for directors through both internal and external training programs to enhance their governance capabilities.

3. Building an Ethical and Governance Culture (CG Culture)

• Organized awareness activities and training on key topics such as business ethics, corporate governance, internal control, and anti-corruption.
• Utilized the Supalai Coin Application as a platform for learning, point collection, quizzes, and certificate issuance to motivate and encourage participation across all employee levels.
• As a result, employee participation reached 100%, reflecting a strong organizational culture rooted in integrity and transparency.

4. Conducting the Shareholders’ Meeting in Line with International Standards

• Held the Annual General Meeting of Shareholders on 22 April 2025, with full attendance from all board members (10/10).
• A total of 670 shareholders participated, representing 66.2020% of the Company’s total issued shares.
• Prepared bilingual documents, appointed an independent vote-counting inspector, and disclosed the voting results to the Stock Exchange of Thailand and on the Company’s website on the same day—ensuring transparency and accountability.

5. Internal Control System and Oversight of Related-Party Transactions

• A strong internal control system is in place, with the Internal Audit Unit (IA) reporting directly to the Audit Committee (AC) to maintain independence.
• All related-party and connected transactions are reviewed by the Audit Committee to ensure the appropriateness of pricing and conditions, safeguarding the best interests of the Company and its shareholders.

6. Whistleblowing and Complaint Handling Mechanisms

• Independent and easily accessible channels are provided for filing complaints and reporting misconduct, such as telephone, email, and the Company website.
• All information received is kept confidential, disclosed only when necessary, and is protected by measures that safeguard whistleblowers from retaliation or unfair treatment.
• A fair and transparent process is in place for fact-finding investigations and corrective actions.

7. Board Evaluation and Continuous Capability Development

• The Company conducts performance evaluations of the Board of Directors and all sub-committees using a self-assessment approach, both at the collective (whole board) and individual levels.
• The assessment covers six key areas: (1) Structure and Composition, (2) Roles and Responsibilities, (3) Meeting Practices, (4) Performance of Duties, (5) Relationship with Management, and (6) Self-Development.
• The evaluation results are used to enhance directors’ competencies and continuously elevate the Company’s corporate governance standards.

Overall, the Company operates with comprehensive, transparent, and internationally aligned corporate governance practices, focusing on fostering a strong ethical culture, transparent disclosure, and effective oversight—thereby strengthening the confidence of shareholders, investors, and all stakeholders.

Note: For those interested in the details of the Corporate Governance Policy (CG Policy), including the governance structure, key information on the Board of Directors, sub-committees, and past performance, all information has been fully and transparently disclosed in the 2024 Annual Report (Form 56-1 One Report). It can be accessed through the Company’s website.