Contents

    1. Message of the Board of Directors
    2. Vision Mission
    3. Company's General Information
    4. Financial Highlight
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Part 1

Business Operation and Operating Results

    1. 1. Organizationa structure and operation of the group of companies
    1. 2. Risk Management
    1. 3. Business sustainability development
    1. 4. Management Discussion and Analysis: MD&A
    1. 5. General information and other material facts
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Part 2

Corporate Governance

050

6.

Corporate governance policy

074

7.

Corporate governance structure and significant information related

to the Board of Directors, subcommitees, executives, employees and others

    1. 8. Corporate Governance Performance Report
    1. 9. Internal control and related party transactions
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Part 3

110 Financial Statements

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Attachments:170 Attachment 1: Details of directors, executives, controlling persons, the person assigned to take the highest responsibility in Accounting and Finance, the person assigned to take direct responsibility

for accounting supervision

  1. Attachment 2: Details of the directors of subsidiaries
  2. Attachment 3: Details of the Heads of the Internal Audit and Compliance
  3. Attachment 4: Details of asset appraisal
  1. Attachment 5: Corporate Governance Policy and Code of Conduct
  1. Attachment 6: Audit and Governance Committee Report
  1. Attachment 7: Audit of the environmental inventory for organizational carbon footprint assessment 2021

In 2021, it was another year that Somboon Advance Technology Public Company Limited (the Company) has conducted our business with determination and carefulness from 2 challenge factors:

Firstly, technological changes for the automotive manufacturing industry, which the original equipment manufacturers have transformed and developed into electric vehicle (xEV). As well as digital transformation, the Company has prepared to support new technologies in production and adapt to all aspects of change.

Secondly, as a result of the covid-19 pandemic, which continues to affect all sectors, all parties have changed their lifestyles to live together with such epidemics including technological changes, communication, environment protection by starting to change into the new normal. These things show the truth of the world and the truth of life that "nothing is permanent". Every life has to learn how to adapt and keep up with those changes. As a result of this incident, the Company has adjusted the business strategy and focused on taking care of employees, which are main force for the Company.

On September 9, 2021, the Extraordinary General Meeting of Shareholders No. 1/2021 approved the business restructure to be a holding company. (Holding Company) to enable the Company to effectively implement the strategic plan and streamline business expansion by expanding investment in other businesses. The Company has adapted its working systems and developed production technology for the automotive parts and agricultural machinery business along with the development of personnel in preparing for the changes and becoming more self-reliance. The business transformation must be in line with the SBG's philosophy "Somboon Triple Bottom Line" which are "Smart People" to concentrate on the people development, "Business Trust" to move forward to technology transformation and "Growth society" to play a role to contribute to society and develop the quality of life in society with the balance.

Gross Domestic Product ("GDP") in 2021 grew approximately 1.2% from the severe contraction in 2020 around -6.1% and in 2021, the domestic vehicle production totaled 1,685,705 vehicles. This is increasing 18% from 2020 despite the economic situation and the covid-19 pandemic. As a result, there have been closing businesses such as the small and medium-sized enterprise, hotels, etc. However, the operations of the companies in Somboon Group have been adapted, improved, and adjusted management therefore, the operating results in the companies in Somboon Group in 2021 totaled Baht 8,716.08 million with net profit of Baht 955.21 million.

On this occasion, the Board of Directors would like to thank all shareholders, partners, customers and business partners, including the executives, employees who have always supported the business operations. The Company will commit to drive our business with corporate good governance and corporate social responsibility forward sustainable growth.

Mr.Sansern Wongcha-um

Chairman of the Board

Ms. Napatsorn Kitaphanich

President

Message of the Board of Directors

VISION

Strive for sustainable growth in automotive industry through advanced technology and partnership

MISSION

  • Create values for shareholders
  • Collaborate with strategic partners to develop business administration
  • Provide solutions for customers through advance technology in products design and development
  • Enhance Excellence in Operation and Corporate System with Information Technology
  • Embrace Corporate Governance and Fairness throughout supply chain
  • Be socially and environmentally responsible
  • Continuously enhance our people skills and competencies through Somboon Learning Academy (SLA)

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Somboon Advance Technology pcl published this content on 18 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2022 12:52:01 UTC.