Chairman Statement

In 2023, Thai tourism was more recovered, tourists have continuously come to Thailand whereby generating income and overall stimulating domestic economy. Even Thai economy will face various situations but it has many positive factors from government policy on tourism sector, an attractive investment both the real estate sector and the electric vehicle industry sector. As the electric vehicle industry promoting, Thailand will have the potential to be a reginal base for electric vehicles’ production and export which will affect to the business of the Company. The economists predict that the Thai economy in 2024 will grow up to 3-3.5%.

In this year, the Company continues to focus on a flexible strategy and the readiness to adapt quickly (resilience) to meet the situation in all aspects quickly. The Board of Directors and the executives of Namyong Terminal Public Company Limited and its subsidiaries (“the Company”) have continued to set up business strategies to be in line with the world’s economic situation in the following years which may be improved, which enables the Company’s business to cope with various situations and uncertainties and results in the continuous and sustainable growth, as well as, stable financial status.

In addition, the Company is aware of the importance of organizational planning for sustainability strategy. Since 2017, the year of the beginning of this work-planning, a Corporate Sustainability Management Committee, has been appointed to manage the organizational sustainability to be in accordance with the CG Code of the Office of Securities and Exchange Commission (“SEC”) which aims Thai listed companies to expedite their organizational sustainability strategy.

In 2023, the Board of Directors has approved the organizational sustainability policy and work plan for the years of 2023-2024 which are in accordance with the CG Code. The Board of Directors also recognizes its role as a governing body in creating the sustainable business value in three aspects and will further review the implementation of the CG Code to apply with the business at the appropriate level at least once a year and we also set the goal to improve SET ESG Rating from level “A” to be “AA” in 2024.

With regard to the corporate governance sustainability aspect, the Board of Directors is always aware of the importance in improving the work plan to be in line with the corporate governance principle. It is grateful that the Company has been ranked in 5 stars company, or equivalent to "Excellent" in the Corporate Governance Report of Thai Listed Companies of the Thai Institute of Directors Association (IOD) for 8 consecutive years and has been also selected to receive the Sustainability Disclosure Acknowledgement Award from Thaipat Institute for 4 consecutive years.

Although the Company's business does not directly generate greenhouse gas emissions and climate change however we recognizes that environmental sustainability is an important mission. The Board of Directors places importance on and awareness of climate change by monitoring and advice to the executives to plan and elevate this risk to the Company's regulatory risk for reducing potential impacts and promoting efficient use of resources and renewable energy usage from activities related to the Company which will support the national strategic plan due to Thailand’s ambition at COP26 in Glasgow to solve the problem of climate change as the Net Zero Emission goal in B.E. 2608 (2065) and Carbon neutrality in B.E. 2593 (2050). COP26 brought together world leaders to set the goal for breaking an average of the whole world temperature increase of 1.5 °C.

The Board of Directors determines that applying sustainability strategies to its business operations will truly help the business generate sustainable returns in the long term such as installing Solar roofs on warehouse and storage yard while continuing to seek out partners in the production of alternative energy to cut capital and operational costs, developed accounting and finance systems to reduce paper usage. It is a digital replacement such as E-Invoice/Tax and E- Receipt including studying to use of a Virtual Machine Server, an operating system enabling use of cloud computing, to the effort lowered power usage for servers and their cooling systems.

With respect to the social sustainability aspect, by considering the business of the Company, it is found out that the risk in human right is less severe comparing to the other types of business, plus, there is no involvement in migrant workers. We prepared whistle blowing channel for the stakeholders to access into such convenient channel to report on the violation of human right policy or report the actions that tend to violate human rights.

We great treat employees who are the heart to move the Company forward to success and aware that they are main stakeholders in the supply chain. For creating motivation and morality, their remunerations, welfare, overtime and holiday pay policy are strictly treated in accordance with the law under equitable policy.

For persons with disability, although the Company has less than 100 employees pursuant to the employment ratio of the handicapped of 100:1 according to the Persons with Disabilities Empowerment Act B.E. 2550 (2007), the Company has engaged the services from the person with disability from Facebook “Name Photo Photographer” who is type 2 handicapped: deaf, to take photos, VDOs and photo editing of the Company’s activities since 2017.

I believe that we will be able to make it through this year of global economic crisis with our cooperation, commitment, and professionalism of the executives and the employees. Lastly, I, on behalf of the Board of Directors of Namyong Terminal Public Company Limited and its subsidiaries, would like to thank all employees and stakeholders for their consistent trust and good support. We can assure the shareholders that we will strive to perform our duties and operate our business with transparency in accordance with good corporate governance for the prosperity of the Company and for the sustainable returns of all shareholders.

Dr. Borwornsak Uwanno, Professor Emeritus
Chairman of the Board of Directors