Message From Chairman

Dear Shareholders and Stakeholders,

In the past 2024, the Thai economy has still been affected by uncertainties from both domestic and foreign factors. However, at the end of the year 2024, various situations began to be settled from the recovery of the tourism and export sectors and government economic stimulus measures. WP Energy Public Company Limited could overcome various obstacles and still continuously create good achievements by achieving its sales targets, reaching both revenue and sales targets, and maintaining a strong financial position. The Company also continued to pay dividends for the 5 th consecutive year at the ratio of 0.28 Baht/share for the performance of the year 2023. Furthermore, the Company has updated its business conduct framework to align more closely with current situations by focusing on growth and society according to the Company’s “We Promise” determination.

Throughout its 46 years of business operations, the Company has operated the business with integrity and transparency, adhering to the principles of good governance, having an efficient internal control system, and emphasizing success in achieving its objectives. Last year, the Company updated its vision to align with the business context, which is also consistent with the Company’s long-term goals. With adherence to the determination, the Company operates the business for growth while considering the impact on stakeholders in all sectors and the business value chain, from upstream to downstream. The Company’s vision is “Committing to and developing energy for a sustainable business and society,” according to the determination will aim to build the growth of the energy business while being aware of environmental and social responsibilities, with a Corporate Governance Code to ensure the stable and sustainable growth altogether.

The Company has integrated a sustainable working framework as part of the business operation strategies and developed and revised policies to align with the Company’s long-term strategies. In addition to business expansion strategy, value creation, and profit growth in both the short and long term, the Company has added strategies for sustainability development completely in all dimensions, with an emphasis on stakeholders in all sectors. The Company firmly believes in the words “Go together, Go far.” We will grow sustainably together with stakeholders in all sectors through cooperativeness. Furthermore, the Company has comprehensively expanded the scope of supply chain management to be consistent with its intention to lead the Company to be part of the list of SET ESG Rating in the future.

For 2025, the Company will continue to focus on developing the business in all sectors for strong and sustainable growth. The business operations are divided into three main groups consisting of creating added value in the current business, seeking growth opportunities, and increasing returns from new businesses. Additionally, business processes will be aligned with the context of the environment, society, and good governance for sustainable growth, which will lead to the creation of added value for shareholders.

On behalf of the Board of Directors, I would like to express my gratitude to all sectors of stakeholders for their good support and confidence in the Company’s operations. I also extend my thanks to all executives and employees for their dedication to good duty performance, resulting in the Company’s overcoming challenging situations, enabling to continue organizational development, and assuring that the Company will still continuously commit to business conduct based on the principles of good governance, together with social, community and environmental care for the maximum benefit of stakeholders in all sectors, with stability and sustainability for WP Energy Public Company Limited or WP going forward.