Message from Chairman

At the same time, the conflict situation between Russia and Ukraine also affected production costs. In addition, changing weather conditions and natural disasters have been affected agricultural productivity in the second half of the year. These are all additional challenging factors, however, high season at the end of the year resulted the demand for fuel-grade ethanol gradually increased, meanwhile the demand for industrial grade ethanol remained stable due to surveillance measures as well. Moreover, hygienic, safe, and nutritious dietary habits are the subject of everyone's attention after the public health crisis, causing lifestyle and consumption change to a new way of life. The food of the future has become a global megatrend, such as high-fiber, gluten-free, low-sugar, chemical-free and plant-based meats, etc. These are key factors that make food production chains prioritize food security and sustainable consumption.

Throughout the years, the Board of Directors has been committed to conducting business with good governance in accordance with the principles of good corporate governance and transparency under the anti-corruption policy, in order to raise business operations to sustainability in all dimensions. In its first year as a listed company, the Company received a good corporate governance score of 4 stars or "Very Good" CG Scoring from the Thai Institute of Directors Association (IOD) with the support of the Stock Exchange of Thailand (SET), reflecting the potential and commitment to conduct business in accordance with the principles of good corporate governance, taking into account the interests of all stakeholders, together with the delivery of product value through operational processes that cover all dimensions in accordance with ESG (Environmental, Social and Governance) guidelines by strengthening its corporate governance system, The Company was also rated by the Thai Investors Association for the quality of the Annual General Meeting at a level of 4 points, reflecting good practices and management of the Annual General Meeting since the first year of the Annual General Meeting. It is considered that UBE has conducted its business in accordance with the framework of sustainable development and responds to the needs of the new economy, in accordance with the government policy called "BCG Model", which aims to create more product value through innovation to increase competitiveness and be particularly friendly to the environment.

Finally, on behalf of the Board of Directors and the Management Team, I would like to take this opportunity to express my sincere gratitude to all shareholders for their great confidence and support in the Company's operations, and to thank all executives and employees for their dedication to performing their duties to the best of their abilities throughout 2022, This has become a strong force for the company to go through various situations, to be able to develop new products, to build a strong corporate culture of love, unity and ownership among all employees, it is also a driving force to achieve in business, social and environmental objectives to grow sustainably beyond the company's goals and in line with the principles of good corporate governance, transparency, being able to deliver business values and products to all stakeholders equally. This is a commitment to sustainable growth in terms of 'Profit', creating economic values, 'People', improving quality of life, and 'Planet', protecting the environment, to maintain leadership in organic agricultural products with international standards to build confidence and generate returns for our shareholders to ensure long term sustainability.