Banpu – International versatile energy provider to deliver smarter energy for sustainability

Starting a business in Thailand in 1983, Banpu Public Company Limited (or Banpu Coal Company Limited at that time) subcontracted a coal mining operation at Banpu Mine (BP-1 Mine) located in Li district, Lamphun province from the Department of Alternative Energy Development and Efficiency. In 1989, Banpu was listed on the Stock Exchange of Thailand and later changed its name in 1993 to "Banpu Public Company Limited."

With nearly four decades of experience in business operations both locally and internationally, Banpu has become an International Versatile Energy Provider. The Company aims to deliver the best-in-class energy solutions with our extensive expertise in integrated energy solutions. Currently, Banpu operate in 10 countries across Asia-Pacific, namely Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore, Japan, the United States of America, and Vietnam.

Embedding "Greener & Smarter" strategy throughout business operations to deliver "Smarter Energy for Sustainability" to all

Banpu have always prioritized sustainable business growth in tandem with creating value and trust among stakeholders and society. We strive to respond to future demand for accessible, smart, and eco-friendly energy according to the Company standpoint to deliver "Smarter Energy for Sustainability".

In order to achieve that commitment, the "Greener & Smarter" strategy, which prioritizes eco-friendly business and smart integration of technologies and innovations, has been conducted throughout the business operations. This has elevated the operational efficiency of Banpu's three core groups of businesses – Energy Resources (mining and gas), Energy Generation (thermal and renewable power generation), and Energy Technology (energy storage systems, energy trading, e-mobility, and smart energy solutions), leading to continuous growth and energy sustainability for the benefits of consumers, communities, society, and the environment.

Greener

Banpu operates its business with environmental – friendly technologies and continues to expand its renewable business portfolio.

• Renewable Energy

• HSEC (Health, Safety, Environment and Community) Excellence

• High Efficiency, Low Emissions (HELE) Thermal Power Generation

• New Upstream Business with Lower Emissions e.g., Gas

Smarter

Banpu aims to excel smart business management through the integration of innovation and new technologies with business operation and logistics combined with an effective value chain and financial management. The Company is committed to investments which offer maximum values to all stakeholders as well as strengthening its corporate culture to facilitate Banpu's working environment.

• Smarter Energy, Smarter Community and Infrastructure

• Synergistic Midstream Businesses: Coal Trading and Integrated Supply Chain Management

• Innovative Corporate and Financing Structures

• Working Smarter: Office and In Field; Digitally Capable

Embracing ESG principles in Banpu's business conduct

Banpu creates energy sustainability for the world through the delivery of affordable, reliable, and eco-friendly energy. We also embrace the ESG principles in our business conduct adherence to the environmental, social, and governance.

The ESG committee was established to enhance sustainability development practices, reinforce its commitment to deliver "Smarter Energy for Sustainability" to all stakeholders, and support the Board of Directors' ongoing commitment to ESG by supporting oversight responsibilities.

The Company also set business goals in line with seven UN Sustainable Development Goals (SDGs) most relevant to its business with focus on environmental issues, in particular on energy and greenhouse gases; social and economic development; and partnerships for the sustainability goals.

Mrs. Somruedee Chaimongkol - Chief Executive Officer of Banpu Public Company Limited, commented, "Banpu speeds up an increase in our greener energy portfolio as well as our adoption of digital technology across the organization, with the aim for "Smarter Energy for Sustainability". The Company has driven Banpu transformation actively and even more vigorously over the past 4-5 years to accelerate the achievement of its sustainable growth target as a leading International Versatile Energy Provider with the Greener & Smarter strategy and adherence to the ESG principles."

Banpu's business in China, one of the flagship investments to foster a robust growth while create sustainable value for all stakeholders

Banpu Investment (China) Ltd. or BIC was established in 2003 as a Chinese subsidiary of Banpu. Under the current strategy, the Company is accelerating its business growth in China throughout the entire energy supply chain, including mining and trading, power generation, and renewable energy.

Currently, BIC has operated two mines in Shanxi and Henan provinces, one power plant in Shanxi province, three Combined Heat and Power plants in Hebei, Beijing, and Shandong provinces, as well as seven solar farms in Shandong, Jiangsu, and Zhe Jiang provinces.

With expertise from the international and competent local team combined with strong synergy within Banpu group regarding business management and operation, BIC is committed to enhancing Chinese operations and ap¬plying various global best practices to achieve state-of-the-art operational standards and create sustainable benefit for all stakeholders.

Every step of BIC is inseparable from the government's support and the sincere cooperation of its partners and stakeholders. BIC aims to grow its local business along with the economic expansion of the People's Republic of China with an emphasis on operational safety while being committed to social and environmental responsibility in order to ensure the well-being of the community and society.

BIC implements corporate social responsibility (CSR) activities in alignment with Banpu's CSR policy and the corporate direction while developing its business in line with China's economic growth. BIC has been actively supporting the local government agencies in social activities and community development and strives to improve the standard of living and the environment quality of its surrounding communities by providing educational supports and sports sponsorship. BIC has also continuously built good relationships with its neighbors and local communities with the aim of nurturing mutual understanding, trust, and sustainable development.

All of Banpu's footsteps in all countries the Company operated the businesses have paved the way to build sustainable value for all our stakeholders, with emphasis on care for the earth and society.

Looking to the future, Banpu will continue accelerating business portfolio expansion under the Greener & Smarter strategy, focusing on greener energy and energy technology. This attempt is to respond to global energy trends and to deliver "Smarter Energy for Sustainability" as the Company is deeply committed.