Powering

SYNERGY

ANNUAL REGISTRATION STATEMENT / ANNUAL REPORT 2022 (FORM 56-1 ONE REPORT)

Message from the Chairman of the Board of Directors

On behalf of the Board of Directors, I firmly believe that the Company is ready to step into the new decade with cooperation, commitment, and dedication.

Dr. Gunkul Dhumrongpiyawut

Chairman of the Board of Directors

Message from Chief Executive Officer

The Company insists and believes in the “GROWTH”, corporate culture that will strive to develop the business to grow continuously.

Dr. Somboon Aueatchasai

Chief Executive Officer

New Journey for Tomorrow

Renewable Energy for Sustainability

Produce and distribute renewable energy business both domestically and internationally, comprising solar, wind, and biomass energy to reduce greenhouse gas emissions and raise the level of solving climate change problems.

High-voltage Equipment

Produce, procure, and sell equipment for electrical systems, power stations, including medium to high-voltage transmission lines rated 115kV, grounding equipment, equipment for power transmission line system, lightning products, and a variety of tools and personal protective equipment, as well as, energy-saving and alternative energy products, both domestically and internationally.

Comprehensive Engineering and Turnkey

Provide comprehensive engineering, maintenance, procurement, installation, and construction services for renewable energy power plants, power stations, transmission lines, grounding system, submarine cable, microgrid system, energy storage system, and related intelligent device systems.

Hemp and Cannabis

Increase opportunities and create value to business to become New S-Curve by leveraging potential of existing projects with plans of cultivating hemp and cannabis in a greenhouse system for highest quality control. Focus on operating a professional hemp and cannabis business for Thai people’s health.

Ecosystem Business Platform & Innovation

Focus on developing an ecosystem business platform that incorporates new technologies to create value to business. Provide the Company and business partners opportunities to expand beyond their boundaries in order to enhance the potential of expanding customer base. Additionally, there are also a supply of products and services to fulfill the needs of each party, to consulting services on suitable renewable energy, as well as, exploring new channels to strengthen the business and to become sustainable leader in energy business.

Key Financial Highlights Financial Highlights 2022

(Million Baht)

2022 Key Performance

May

  • The Company paid cash dividend for the year ended December 31, 2021 at the rate of 0.12 baht per share on May 23, 2022. The total cash dividend payment was no more than 1,068,000,000.00 baht.
  • G.K. Bio Extraction Company Limited, the Company’s subsidiary, received a license to produce (non-planting) narcotics of category 5, specifically hemp, or a license to extract important substances from hemp plants, at the place namely “Hemp Extraction Plant”, Klong 11”, for commercial or industrial purposes.
  • The Company signed a corporation agreement on investment and development of renewable energy projects and established a joint venture company with Gulf Renewable Energy Company Limited, a subsidiary of Gulf Energy Development Public Company Limited (GULF), to study, develop, and jointly invest in solar rooftop projects, by holding equal shares at 50%.

July

The Company offered and issued ordinary shares of Gulf Gunkul Corporation Company Limited totaling 11,170,000 shares by waiving the rights to subscribe for ordinary shares and let Gulf Renewable Energy Company Limited, as a strategic partner, to purchase 50% of newly issued ordinary shares with investment value of 5,000,000,000.00 baht. Another 50% of shares is held by the Company.

December

The Company paid interim dividend for the 9-month performance from January 1, 2022 - September 30, 2022 on December 8, 2022. Such interim dividend was paid in cash at the rate of 0.06 baht per share. The total cash dividend payment was no more than 535,000,000.00 baht.

Sustainability

We care not only green innovation energy, but also the continued existence of the world and the better quality of life.

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