ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED

Climate Impact & Sustainability Data (2017, 2021)

Increased capacity in the Saraburi Group's Solar Power Plant (Solar Farm) project.
Commercial electricity distribution (COD) of two phase extensions of solar rooftop projects in April 2017.
Commercial electricity distribution (COD) of Bangpakong Solar Power Company Limited's solar rooftop project in February 2017.
Commercial electricity distribution (COD) of Saraburi Project Group's solar farm project.

Resumed operation of Khum KhanToke cultural center, Plub Pla restaurant, and Khum Kham International Convention Center in Chiang Mai, generating over 72 million Baht in revenue.
Expansion of Plub Pla restaurant.
Focus on fair treatment of employees, including compensation, opportunities, and development.
Establishment of a provident fund and promotion of 5S training activities.

Established policies on corporate governance, including rights and equitable treatment of shareholders and stakeholders.
Established policies to prevent conflicts of interest.
Established policies on business ethics.
Established Audit Committee, Nomination and Remuneration Committee, and Risk Management Committee.
Implemented anti-corruption measures.
Promoted respect for human rights.

Medium-term Goals:

Short-term Goals:

Increase sales of ceiling fans through expanded distribution channels and promotions.

Slight growth in ceiling fan business due to limited product placement in modern trade.
Cancellation of investment in 105 Solar Power Co., Ltd. due to project delays.
Slow sales of Townline Sattahip real estate project.
Competition from cheaper imported products.
Liquidity risk due to investments in long-term projects with delayed payback periods.
Inexperience in land development and allotment.
Risk of non-compliance with debenture terms and conditions.

Plans to increase product distribution in modern trade and launch promotions.
Legal process to recover prepaid investment amount from Wyncoast Industrial Park Public Company Limited.
Seeking smaller, quicker real estate projects.
Developing new product designs to differentiate from competitors.
Seeking suitable long-term funding sources.
Finding smaller, quicker real estate projects to mitigate risk of discontinuous revenue recognition.
Maintaining net debt to equity ratio below 2.50 times.

Award from the seminar room competition from the Thailand Convention and Exhibition Bureau or TCEB.

Strictly comply with environmental laws and regulations
Encourage organizational culture for employees to reduce resource and energy use, waste, and greenhouse gas emissions

Treat employees equally and fairly, pay attention to their health and safety at work, and continuously develop their skills
Operate business responsibly, respect human rights, and strictly abide by government laws and regulations
Adhere to principles of good governance and code of conduct, communicate with stakeholders

COVID-19 pandemic impacting restaurant and catering business (90% of income dependent on foreign tourists)
Slowdown in the economy affecting most businesses and industries
Shrinking purchasing power impacting real estate sales
Company's performance not meeting expectations, making it difficult to obtain loans from financial institutions
Risk of reliance on one customer (Wyncoast Industrial Park) for solar rooftop project
Risk of delay in construction work delivery

Temporarily closed business during COVID-19 outbreak, provided compensation to employees
Resumed operation of Khum Kam International Convention Center (less reliant on foreign tourists)
Reduced expenses by laying off unnecessary staff and terminating contracts
Changing the meter to sell electricity directly to each tenant in the solar rooftop project
Closely monitoring and following up on construction projects to ensure timely delivery
Implementing expense-reduction planning