Mr. Poonphiphat Tantanasin

Chief Executive Officer

The year 2025 was another year in which the global business environment continued to face uncertainty and ongoing structural changes. These challenges arose from fluctuations in international exchange rates, gold prices, energy prices, and raw material costs, as well as geopolitical tensions and the accelerating transition toward a low‑carbon economy. Such factors have required businesses to strategically adapt in order to strike a balance between economic growth, energy security, and long‑term environmental and social responsibility.

In the context of Thailand, the energy and power sectors continue to play a strategic role in supporting the country’s economic and industrial development. Investments in power system infrastructure, including electricity transmission and distribution systems, as well as the development of clean and renewable energy, are critically important to strengthening energy system stability, reducing long‑term energy risks, and supporting sustainable development goals at both national and international levels.

Amid the structural transformation of the energy industry, QTC Energy Public Company Limited recognizes the importance of conducting business responsibly while maintaining long‑term competitiveness. The Company is committed to positioning itself as a leading provider of electrical and energy systems with strong technological expertise, capable of responding to the nation’s energy infrastructure needs and aligning with the transition toward clean energy. This is achieved by systematically integrating Environmental, Social, and Governance (ESG) dimensions into the Company’s strategic formulation and operational processes.

Economic Dimension: The Company is focused on strengthening its core business in the manufacturing and distribution of electrical transformers through technological development, product innovation, and improved production efficiency. This enables the delivery of high‑quality, reliable products that meet the requirements of power and energy infrastructure projects in both the public and private sectors. These efforts contribute to stable business growth. At the same time, the Company has strategically expanded into clean energy‑related businesses and energy management systems through its subsidiaries within the QTC Energy Group, creating differentiation and competitive advantage in the energy transition era. The development of clean energy solutions and energy management systems enhances the Company’s ability to meet customer needs, reduce reliance on conventional energy, and strengthen the resilience and sustainability of its long‑term business model.

Environmental Dimension: The Company has integrated its climate strategy into operations across the entire value chain, from product design and manufacturing process management to investment decisions. The development of high‑efficiency transformers, reduction of energy losses in systems, and promotion of clean energy usage contribute to mitigating environmental impacts and reducing greenhouse gas emissions. The Company has clearly established a target to achieve net‑zero greenhouse gas emissions by 2050.

Social Dimension: The Company operates under a people‑centric approach, emphasizing comprehensive employee care in areas including workplace safety, occupational health, quality of work life, and continuous capability development. It also promotes an organizational culture grounded in integrity, responsibility, and innovation. In addition, the Company places importance on responsible engagement with business partners, communities, and surrounding society to build confidence, trust, and shared sustainable value for all stakeholders.

Governance Dimension: The Company adheres firmly to the principles of good corporate governance, transparency, and business ethics. Emphasis is placed on establishing an effective governance structure, prudent risk management, and strict compliance with relevant laws, regulations, and requirements. Strong corporate governance serves as a vital foundation for building confidence among shareholders, investors, customers, and all stakeholder groups, and is a key mechanism supporting the Company’s stable and sustainable growth.

In closing, on behalf of the Board of Directors, management, and all employees, QTC Energy Public Company Limited would like to express its sincere appreciation to shareholders, customers, business partners, communities, and all stakeholders for their continued support. The Company remains committed to driving the organization forward in accordance with its vision and mission, under a sustainable development framework guided by good governance principles, prudent risk management, and financial discipline. The Company will continue to develop innovations in electrical systems and clean energy to create sustainable value for all stakeholders and to support the long‑term development of Thailand’s economy and energy sector.