Corporate Risk Factor Important Mitigation Measures Price Volatility Risk The outlook of the global economy is still uncertain from the COVID-19 pandemic si tuat ion, i ts recent mutations of the new strain, contraction in various economic activities. This is coupled with the new petrochemical production capacity pressuring both price and demand for petroleum and petrochemical products. These factors can lead to the business plan deviation. The following are the measures that GC has put forth to mitigate its price volatility risks. Closely monitor market situations, feedstock, and product prices and assess the impact on the operating results on the weekly basis to revise production and sales plan throughout the value chain to ensure their compatibility with rapidly changing situations. Manage price and spread risks and carry out inventory hedging through derivative securities and/or futures contract according to the policy and frameworks defined by the Risk Management Committee, under the close supervision and monitoring of the Value Chain Management (VCM) Committee. Study and develop the use of the Artificial Intelligence or AI as a tool to help in data analysis and prediction of the Company’s main product prices to increase efficiency and accuracy. In long term, certain strategies have been formulated to adjust the product portfolio by developing more High Value Products (HVPs) in order to mitigate the risk of commodity price volatility. COVID-19 Pandemic Risk The spread of the COVID-19 virus around the world has not only triggered a global economic downturn but poses risks to employees and can lead to the suspension of various key activities. Strict and continuous measures to reduce risks from the spread of COVID-19 must be enforced to avoid impacts on the business operations amid the concerning situations of the new virus variants, unequal distribution of COVID-19 vaccine and its effectiveness in suppressing the mutant strains. GC carries out the following measures to manage COVID-19 risks. Appoint a working team to implement the Business Continuity Plan (BCP), and establish the Corona Virus Infection Prevention and Control committee to formulate guidelines and preventive measures in consistency with the rapidly changing situations, report progress of the measures implementation to the management team, as well as review the plan to implement various preventive measures in accordance with the situation. Implement digital system in reporting, tracking employees’ health conditions, travels and vaccinations to provide prompt screening, precautions and prevention of the spread of COVID-19. Implement Lock Up measures for employees working in the critical production process and increase strict hygiene for the Lock Up employees, as well as prevent infection among staffs in the same shifts and cross-shifts within the same plant. Implement the Work from Home policy to allow as much as 100% of the office employees to work remotely along with other various preventive measures to reduce the risk of COVID-19 transmission among employees and the spread of COVID-19 in the office. The Company has prepared an effective IT system to support working from home, as well as increased defensive measures of Cybersecurity. Implement proactive screening and preventive measures to control the spread of COVID-19 among the Company’s visitors including customers, contractors, and employees. Collaborate with partners to develop innovative medical plastic equipment to support medical personnel and frontline health volunteers through projects such as the “Millions Support Ensuring A Safe Space for All”, providing four million pieces of PPE to hospitals across the country. 80 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021
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