Dear Shareholders, 2022 was highly challenging due to the cascade of a number of severe chaotic events. From the military intervention in Ukraine to the disruption in the supply of oil and gas and their drastic price spikes, the strict enforcement of China’s Zero-COVID policy and that inflation has popped to troubling high levels; the convergence of these disruptive events negatively impacted almost every enterprise in various manufacturing cycles. Enterprises in Thailand, and IRPC Public Company Limited, are negatively affected as well. IRPC Public Company Limited has made significant changes to cope with present and future emerging challenges. Our vision and strategy focus on strengthening from within by leveraging our expertise in oil refinery and petrochemical manufacturing, and increasing the proportion of our production of high-value specialty products. We have also embarked on a mission to enhance organizational agility to move forward as a leading company in material and energy innovation, based on sustainable development, fulfilling our corporate responsibility to society and the environment under the principle of good corporate governance and transparency. In 2022, the Board of Directors carried out their duties as provided in the Company’s charter, all in the best interest of the Company, shareholders, and all stakeholders, with emphasis in supporting the management, as well as in the internal control, risk management, organization development, and good corporate governance. The Company received the “ASEAN CG Scorecard” award for being among the TOP 20 ASEAN domiciled companies with good corporate governance, the National Innovation Award in the category of “Innovative Organization”, and “Sustainability Award of Honor” for outstanding sustainable development in operations. The Company is also an awardee of “Thailand Sustainability Investment” for 8 consecutive years. Lastly, in September 2022, Mr. Chawalit Tippawanich completed his term as President and Chief Executive Officer. The Board of Directors had appointed Mr. Kris Imsang as President and Chief Executive Officer, effective from October 1, 2022, joining force in strengthening the Company to cope with external challenges. On behalf of the Board of Directors, I would like to express our gratitude to our shareholders and stakeholders for your trust and kind support. And thanks to the directors, Mr. Chawalit Tippawanich, executives and employees for giving your best efforts and perseverance to ensure the Company’s stability and sustainable growth throughout this extremely challenging year. Dr. Siri Jirapongphan Chairman 21 IRPC PUBLIC COMPANY LIMITED Message from Chairman
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