(Mr. Anusorn Sangnimnuan) Chairman of the Risk Management Committee consisting of: The Risk Management and Internal Control Committee, which managed corporate risks according to stated policy and guidelines. The Supply Chain Financial Risk Management Committee monitored and analyzed market situations, managed prices and supply of crude oil, feedstocks, petroleum and petrochemical products, along with preparation of financial transactions. This, so as to ensure that such risk management activities were efficient and that risks were mitigated effectively. The Supply Chain and Financial Risk Management Committee also reviewed the report on results of price and financial risk management as well as provided opinion and recommendations. 4. The Risk management Committee considered and approved the establishment of Innopolymed Co., Ltd., a joint venture between IRPC and Innobic (Asia) Co., Ltd., to manufacture and distribute non-woven fabrics and materials and medical consumables. 5. The committee reviewed the implementation guidelines for the Ultra Clean Fuel (UCF) project to improve refinery efficiency and upgrade diesel quality to comply with the Euro 5 emission standard. It also reviewed investment in the combined heat and power project (CHP-III) and the project to procure N2 and O2 for IRPC Plc’s industrial park. 6. The committee followed up on operating results of IRPC’s subsidiaries, such as iPolymer Co., Ltd., and gave recommendations on risk management. 7. The committee submitted quarterly risk management report to the Board of Directors. 8. The committee considered and commented on 2022 enterprise risk management before submitting for the approval of the Board of Directors by reviewing risk lists to align with business direction, corporate goals and management of environmental issues. The Risk Management Committee has prudently performed the tasks assigned to us to the best of our ability, with independence in line with corporate governance for the benefits of IRPC and all stakeholders. 61 Message from the Chairman of the Risk Management Committee IRPC PUBLIC COMPANY LIMITED
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