Thai Energy Storage Technology Public Company Limited

Climate Impact & Sustainability Data (2020)

Replaced translucent roofs of two factory buildings, decreasing electricity consumption by 31,104 kW per year.

Organized activities such as donating gifts on National Children’s Day (20,000 Baht), making merits at Bangplee Hospital (4,300 Baht), and participating in a Kathin Robe Offering Ceremony (300,000 Baht).
Provided health check-ups and daily milk distribution to all employees and executives in 2019.

Established measures and procedures for approving related transactions, including policies or trends of related transactions in the future.
The Audit Committee reviews and gives opinions on the necessity and rationale of transactions and the appropriateness of prices and conditions of transactions.

Changes in the global external environment.
Changes in the Company's name and inability to use some product brands.
Contraction of the Thai economy and automotive industry due to the COVID-19 outbreak, leading to decreased battery sales.
Fluctuations in lead prices affecting operating profit.
High competition in the Replacement Equipment Market (REM).
Risk of lead contamination and environmental regulations.
Potential risks from major shareholders influencing operations.
Risk of insufficient free float of shares.

Organizational change to ensure profitability.
Leveraging the strong 3K brand and strengthening sales capabilities through aggressive advertising and enhanced services.
Cutting costs while maintaining product quality in the REM market.
Research and development of products in collaboration with automotive manufacturers.
Diversifying products and distribution channels in the export market.
Implementing controls to prevent lead contamination and complying with environmental regulations.
Strict adherence to corporate governance policies to ensure transparency and equitable treatment of shareholders.
Considering solutions to increase free float in accordance with Stock Exchange of Thailand rules.

Careful inspection of suppliers based on quality, reliability, delivery time, price, business stability, technological capabilities, and CSR practices.