under the supervision of the Department of Marine and Coastal Resources, and along the coasts across Thailand. The objective of the project is to achieve netzero greenhouse gas emissions and mitigate global warming, which is one of GC’s core targets. In tandem, GC has continued to carry out circular economy initiatives, including the construction of community waste hubs in communities surrounding its manufacturing plants in Rayong. The project is set to be scaled up to other provinces with preparedness, using the concept of social enterprise to foster sustainability in communities. This way, communities will not only reap environmental benefits through proper waste management but will also gain income through employment and the sales of good quality plastic waste for further upcycling. GC also seeks to address the fundamental needs of communities and society and stimulate grassroot economies through its social enterprise Pracharath Rak Samakkee Rayong (Social Enterprise) Company Limited, as well as offer marketing assistance and create a marketplace for local Rayong products on online platforms. GC has also launched the Young Influencer Challenge Thailand 2023 campaign to publicize local products through various social media platforms in collaboration with partners in its network and educational institutions to increase customer reach. GC has also adopted the world-class sustainability reporting framework known as Integrated Sustainability Report (ISR), which covers economic, social, and environmental topics, as well as other issues that may significantly affect GC. Further details can be found in the Integrated Sustainability Report 2023. Compensation for Violations of Rights GC has established guidelines to protect the rights of stakeholders in case of violations resulting from the business operat ion of GC Group, whereby the compensation offered shall not be lower than the legally mandated rate. Prevention of Internal Information Use GC’s Internal information use Policy and guideline have been included in the Corporate Governance and Business Code of Conduct Handbook and published on the Company’s website for shareholders’ ready access and acknowledgment. Directors, Executives, and employees are constantly reminded to comply with the policy, under which they are prohibited from using material insider information not yet publicly disclosed for personal gain or the benefit of others, including for trading GC’s securities. The essence of the policy is summarized below: (1) Directors and Executives under SEC’s definition must report to SEC changes in their holding of the Company’s shares within three business days as required by SEC. Moreover, the Company has establ ished a pol icy requiring Directors and Executives to notify the Company Secretary of their intention to trade the Company’s shares at least one business day before the transaction is made. (2) The Board of Directors monitors each individual’s compliance with GC’s Business Code of Conduct on internal information use every month. The Company Secretary, who receives information from SEC via emai l on changes to Directors and Executives’ shareholding when their shares are traded or transferred, will report such changes to the Board of Directors. Their shareholding at the beginning and the end of each fiscal year and any changes during the year are disclosed. (3) GC notifies Directors and Executives in writing that they are prohibited from trading the Company’s shares 30 days ahead of the disclosure of the quarterly and annual financial statements or that of other information that may affect the prices of the Company’s shares. They are also prohibited from trading the Company’s shares within 24 hours after the said disclosure. (4) All Executives and employees are required to comply with the Company’s guidelines on confidentiality of informat ion and safeguard i ts informat ion, customers’/supplier information, and personal information of related parties. They are also required to adhere to the Company’s measures on the safeguarding of conf ident ial informat ion or information that is not yet publicly disclosed. (5) GC’s Directors, Executives and employees are regularly kept up to date on regulations and policies regarding insider information to ensure their acknowledgement and compliance. The Company has clearly prescribed disciplinary sanctions in case of violation of the inside trading policy. Details on the results of internal information use appears under “Ensure Compliance with Corporate Governance policy and practices.” 142
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