CORPORATE STRATEGIES Overall, in 2021, the economic conditions started to recover resulting from the rolling out of COVID-19 vaccination, the relaxation of border closure measures and the economic stimulus policies of various countries around the world. As a result, petroleum and petrochemical industry has improved overall. However, there remains instability from the spread of new variants of COVID-19 virus, competition pressure and trade barriers, including the implementation of stricter climate change policies as a result of global trend on environment. GC has closely monitored and analyzed various trends and timely adjusted working plans to be in line with existing situations resulting in excellent achievements in our operation amidst challenging business condition and standing as the leader in the area of sustainability whereby we have been ranked the 1st in the chemicals product sector by the 2021 Dow Jones Sustainability Indices (DJSI) for 3 consecutive years Maintaining operational excellence by being determined to improve the operation to be at the 1st Quartile on a long-term basis with a goal to reach a world class operational excellence in safety and production stability, including to improve efficiency in areas on which the Company has been working continuously under MAX Infinity Project and Map Ta Phut Integration (MTP Integration) based on the creation of synergy among Map Ta Phut plants through integrated supply chain management, from feedstock sourcing and manufacturing to product delivery to customers. Furthermore, GC has improved its capacity to compete by updating the production facilities and enhancing the innovative operation (modernization and innovation) to create cost and value advantages over the competitors. STEP CHANGE GC actively strengthens its business competitiveness and improving various aspects of the operation so that the Company can sustainably carry on the business amidst challenges and fluctuation of external situations by enhancing resilience and creating an advantage over competitors to create a foundation for future growth. Below are the key strategies: Elevating the integration and diversification by making investments in upstream petrochemical businesses focusing on feedstock management and feedstock flexibility enhancement so as to achieve competitive production costs and long-term feedstock security and extend the value chain to downstream petrochemical businesses to meet the growing demand. Expand the home base and strategic market to foster long-term distribution security, increase market shares, and expanding opportunities to create business partners in Thailand, Cambodia, Laos, Myanmar, Vietnam, and Indonesia, all of which have consistently shown high growth, as core targets. GC has also set China and India as strategic markets to build sales agility. Implementing market-focused business strategies, placing emphasis on High Value Products (HVP) and diverse applications to better meet the needs of the market and end-users, while also fostering product development collaborations with partners across the value chain, developing markets of the existing products, and generating demand among new customers. 1 and remained within the top-10 for 9 consecutive years, being the only Asian and Thai petrochemical company that has been ranked first for three consecutive years. GC also set target for net zero greenhouse gas emission under both scope 1 and scope 2 by 2050, emphasizing our determination in being an organization that is an example on sustainability at an international level. GC’s business directions and strategic plans strive to build and maintain competitiveness, sustainable business growth, and readiness in various aspects in support of future growth. GC uses these directions and strategic plans as frameworks for business operations and regularly monitor outcomes to accomplish short-term and long-term corporate goals, with emphasis on the following 4 strategic focuses: 4 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021