BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX Reviewing and providing opinions and recommendations on the risk assessment and management of the following major projects to supplement the decision making process of the Board of Directors: (1) the high value businesses investment, (2) the delisting of Vinythai Public Company Limited and the launching of the tender offer delisting of securities of Vinythai Public Company Limited from the Stock Exchange of Thailand, and (3) the dilution in the Company’s shareholding portion in Global Power Synergy Public Company Limited. Overseeing and providing recommendations on GC’s 2021 corporate risk factors and mitigation measures to be in line with economic conditions, industrial trends, and other uncertainties to ensure the Company’s ability to accomplish its targets according to its strategies as well as business goals in the face of more complicated risk factors. Reviewing the information on risk management and risk factors disclosed in the Annual Registration Statements to assure shareholders that GC had analyzed risks that might affect its business targets and provided systematic management measures in place. In 2022, the Company is still facing uncertainties resulting from COVID-19 despite the recovery of the overall global economy, with mutated variants of the coronavirus and limited distribution of vaccines in various countries continuing to exert pressure. Other external factors that may contribute to the overall uncertainty include domestic and international politics, trade and oil price wars, greater emphasis on environmental conservation in the state policies, consumer behaviors, and the net-zero carbon initiatives. Since these issues have both direct and indirect impacts on the demand of GC’s products, prices and the spread between product and feedstock prices, as well as the implementation of strategies for future business sustainability, the Risk Management Committee will closely monitor these factors and provide opinions as well as adequate and suitable suggestions for the management of such risks. In summary, the Risk Management Committee has adequately and properly fulfilled its roles in management key corporate risks as prescribed in the charter. A corporate risk management system has been developed and improved to align with the rapidly changing standards, climate of the industry, and future trends. Besides, the Committee has continuously monitored and commented on all aspects of the Company’s risk management, covering all key short-term and long-term risks as well as the emerging risks potentially affecting GC’s future businesses to ensure that GC has suitable and effective risk management with a proper risk appetite that will enable the achievement of business goals and the sustainable value in the long run. On behalf of the Risk Management Committee (Signed) Mr. Grisada Boonrach (Mr. Grisada Boonrach) Chairman of the Risk Management Committee 197
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