Spotlight on 5 pioneering Companies in Thailand

VOL:03 | Issue:06 | 2024 Spotlight on Pioneering Companies in Thailand Thai Innovation Trailblazers How the Pioneering Companies are Shaping the Future with Sustainable Initiatives? 5 Powering Progress Top Twenty Trends in a Revolutionized Thai Industrial Horizon Prachai Leophairatana, CEO A Pioneering Force Shaping Thailand’s Sustainable Future TPI Polene Plc

Spotlight on Pioneering Companies in Thailand 5

Editor’s Note ELEVATING INNOVATION: THE PIONEERING SPIRIT OF THAI COMPANIES Gaurav PR Wankhade Managing Editor gaurav.wankhade@insightssuccess.com I n recent years, Thailand has emerged as a hub of innovation and entrepreneurship, with a growing number of companies making significant strides in various industries. From tech startups to traditional businesses embracing digital transformation, the landscape is evolving rapidly, driven by a pioneering spirit and a commitment to excellence. As we shine the ‘Spotlight on 5 Pioneering Companies in Thailand,’ it's essential to recognize their contributions to the nation's economic growth and global competitiveness. From regulatory hurdles to infrastructure limitations, navigating the complexities of doing business in Thailand requires resilience and determination. Moreover, as the global landscape becomes increasingly competitive, these companies must continue to innovate and adapt to stay ahead of the curve. Looking ahead, the future is bright for Thai companies as they continue to push the boundaries of innovation and entrepreneurship. By investing in research and development, nurturing talent, and fostering a culture of creativity and collaboration, they have the potential to drive sustained economic growth and prosperity for the nation. As we, at Insights Success India, celebrate their achievements, let us also commit to supporting and empowering the next generation of Thai entrepreneurs, ensuring that Thailand remains a beacon of innovation and excellence in the years to come. Firstly, it's imperative to acknowledge the unwavering commitment of Thai companies to innovation and adaptation. In an ever-changing business environment, these companies have demonstrated resilience, agility, and a willingness to embrace new technologies and business models. Whether it's leveraging AI and data analytics or adopting sustainable practices, they are at the forefront of driving positive change and shaping the future of their respective industries. Moreover, the success of these pioneering companies is a testament to Thailand's supportive ecosystem for entrepreneurship and innovation. Government initiatives, investment incentives, and access to talent have created an environment conducive to growth and expansion. By fostering collaboration between the public and private sectors, Thailand has positioned itself as a regional leader in innovation, attracting investors and entrepreneurs from around the world. However, amidst the celebration of success, it's crucial to recognize the challenges that Thai companies still face. Gaurav PR Wankhade Managing Editor gaurav.wankhade@insightssuccess.com

08 Cover Story Profiles Profiles NR Instant Produce Public Company Ltd A Thai Powerhouse Shaping the Future of Food 20 SC Asset Corp Public Company Ltd A Pioneering Force in Thailand's Real Estate Landscape 28 Articles Articles 16 Powering Progress Top Twenty Trends in a Revolutionized Thai Industrial Horizon A Pioneering Force Shaping Thailand’s Sustainable Future TPI Polene Plc 24 Thai Innovation Trailblazers How the Pioneering Companies are Shaping the Future with Sustainable Initiatives?

Vol 02 | Issue 01 | 2024 www.insightssuccess.in 5 Sustainable Initiatives? Vol. 03 | Issue 09 | 2024 India’s 10 Great Places to Work for?Women Cardiologists are Transforming Your Companies in Thailand VOL:03 | Issue:06 | 2024 Beating the Odds How Technology is Revolutionizing Cardiology in the 21st Century? Shaping the Legal Landscape? Spotlight on Pioneering VOL:02 | Issue:03 | 2024 The Top Thai Innovation Trailblazers How the Pioneering Companies are Shaping the Future with Beyond the Gavel How are the Elite Firms The Inclusive Revolu?on How the Workplaces Championing Diversity and Inclusion for Women are Crea?ng a Future of Equality? Most Renowned Cardiologist Leaders to Watch in 2024 Ritesh Anand Founder and Corporate Attorney WhiteStone Legal Promising Leading Law Firms to Watch in 2024 Empowering Patients How the Most Renowned 5 and – 2024 Heart Health in the Digital Age? W h i t e W h i t e S t o n e L e g a l L e g a l Spotlight on Pioneering Companies in Thailand S t o n e Powering Progress Top Twenty Trends in a Revolutionized Thai Industrial Horizon Prachai Leophairatana, CEO 5 Dr Dilip Kumar, Senior Consultant Interven?onal Cardiologist, Structural Heart and Device Spec ialist, and Director of Cardiac Cathlab Editor-in-Chief Pooja M. Bansal Her Story Top Ten Trends in Gender Equal Workplaces Dr Dilip Blue Express Limited Empowering Women and Eleva?ng Excellence by Fostering Gender Equality Kumar Legal Enriching Colourfully Vibrant Times of Evolving Indian Legal Landscape Dart Managing Editor Gaurav PR Wankhade Assisting Editor Prajakta Zurale WhiteStone TPI Polene Plc Redefining Cardiac Care by Inspiring a Genera?on A Pioneering Force Shaping Thailand’s Sustainable Future www.insightssuccess.in sales@insightssuccess.in MARCH, 2024 Visualizer Sandeep Tikode Art and Design Head Rashmi Singh Sr. Graphic Designer Sameen Arif Corporate Offices: Insights Success Media and Technology Pvt. Ltd. Survey No.133/134, Brand Square, Office No. 512, Kunjir Chowk, Pimple Saudagar, Pune, Maharashtra 411027 Phone - India: +91 7410079881/ 82/ 83/ 84/ 85 Email: info@insightssuccess.in For Subscription: www.insightssuccess.in Vice President Swapnali Vasaikar Asst. Vice President Tejaswini Whaval Asst. Manager Nitin Patil Team Lead Pratiksha Jagtap BDE Ashwini Kamble Company Featuring Description Thongchai Busrapan, Vice Chairman, President, and CEO Noble Development Public Company Ltd Noble Development Public Company Limited develops property ranging from single detached houses to low-rise and high-rise condominiums. Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-602-1754 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com NR Instant Produce Public Company Limited (NRF) is a Thailand- based company that manufactures and distributes sustainably produced food globally. Technical Head Prachi Mokashi Technical Specialist Rajeshwari Avhad NR Instant Produce Public Company Ltd Dan Pathomvanich, CEO SC Asset Corp Public Company Limited (PCL) is a real estate development company based in Thailand that primarily develops houses, townhomes, home offices, and condominiums for sale and rental. Nuttaphong Kunakornwong, CEO Digital Marketing Manager Renuka Kulkarni SME-SMO Executive Nikita Khadalkar Circulation Manager Tanaji Fartade SC Asset Corp Public Company Limited Thai Oil Public Co Ltd (Thai Oil) is an integrated energy company. It is an independent petroleum refinery and supplier of petroleum products in Thailand. Thai Oil Public Company Ltd Bandhit Thamprajamchit, CEO and President TPI Polene Plc (TPIPL) is a producer and distributor of electricity, and it operates the largest Municipal Solid Waste (MSW) power plant in the World. TPI Polene Plc (TPIPL) Prachai Leophairatana, Chief Executive Officer Cover Price : RS. 300/- https://twitter.com/insightssuccess Follow us on : www.facebook.com/insightssuccess/ We are also available on Copyright © 2024 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success Media and Technology Pvt. Ltd. Reprint rights remain solely with Insights Success. Printed and Published by Insights Success Media and Technology Pvt. Ltd. RNI NUMBER: MAHENG/2018/75953

Cover Story TPI Polene Plc‘ A Pioneering Force Shaping Thailand’s Sustainable Future ‘ ‘ Prachai Leophairatana, CEO ‘ The Group’s mo?o is “We Build the Future,” and our guiding philosophy is encapsulated in how we define TPI: T – Technology, P – Products, I – Innova?on.

Spotlight on 5 Pioneering Companies in Thailand O increasingly focused on environmental responsibility, sustainability, and renewable energy. Similarly, every progressive and developing country, including their public and private sectors, took it upon themselves to contribute to this cause. n a noble mission of cleansing our environments, the entire world is Sharing his thoughts on TPIPL’s expansion plans in markets like India, Mr Leophairatana was speaking in an exclusive interview with Insights Success India. The highlights of the discussion are given ahead. In 1992, TPIPL diversified into cement production, capitalizing on the surge in demand for cement and building materials driven by the boom in construction activities amid Thailand’s accelerating economic growth. The company is now the second-largest cement producer in the country and green cement producer with zero carbon (after carbon offsets). Our coal-fired power plant (150 MW) is undergoing a three-phase modification program to shift to MSW as fuel to achieve fossil-free status by the end of 2025. As of the third quarter of 2023, TPIPP holds 1.5 million carbon credits certified by T-VER (Thailand Voluntary Emission Reduction Program) under the auspices of TGO (Thailand Greenhouse Gas Management Organization). (Renewable Energy Certificates) for its renewable energy power plants, showcasing ongoing efforts in carbon and renewable energy accreditations. paved the way for another business avenue – bio-organic compounds. These compounds, including probiotics, synbiotics, organic fertilizers, and pesticides, hold vast potential for applications in sustainable agriculture, livestock, and healthcare. Although the carbon market is not yet open in Thailand, these accreditations position the company strategically for future opportunities, serving as indicators of progress in advancing ESG and sustainability goals. Sir, as a pioneering company in the industry, could you take us back to the beginning of your journey? What motivated you to step into this dynamic ecosystem? This segment is poised to contribute significantly to Thailand's agricultural sector, fostering a move towards more sustainable farming practices. In the ever-evolving landscape of Thailand’s industrial sector, TPI Polene Plc (TPIPL) stands tall as a pioneering force driving progress through sustainability. The subsidiary Thai Nitrate, established in 1996, focuses on producing ammonium nitrate for mining applications and nitric acid primarily used in high-tech gadgets’ solvents. TPIPL went public on the Stock Exchange of Thailand in November 1990. Additionally, the company has acquired 1.2 million I-RECs The process of extracting calorific value from municipal solid waste has The businesses of the Leophairatana family have roots dating back to the 1940s, primarily engaged in trading soft bulks and other agricultural commodities. At one point, the family held the position of the largest soft bulk trader in Thailand. TPI Polene Public Company Limited (TPIPL) was established in 1978 with a focus on producing LDPE (low-density polyethylene) and EVA (ethylene vinyl acetate) polymers, primarily for packaging purposes. Today, TPIPL’s polymer business centres on high-value speciality polymers, finding applications in solar panel modules, specialized copolymers for packaging and films, healthy shoe soles to replace leather shoe soles, medical syringe, wire cables, hot melts, While it’s true that the global shift towards green initiatives is driven by public awareness, policy changes, and government participation, it’s important to acknowledge the vital contribution of conglomerates like TPIPL Group. As regulations and incentives from the public sector pave the way, companies like TPIPL translate these initiatives into tangible solutions. Their entrepreneurial spirit, innovative technologies, and operational efficiency complement government efforts, accelerating progress towards a sustainable future. TPI Polene Power Public Company Limited (TPIPP) was incorporated in 2008 to operate power plants utilizing waste heat from cement kilns, later diversifying into electricity production using municipal solid waste (MSW). It currently stands as the largest privately-owned power plant of its kind in Asia, boasting a 440 MW capacity and handling 10,000-12,000 tons of MSW daily. TPIPP was listed on the Stock Exchange of Thailand in April 2017. Research and innovation form the core of TPI Polene's DNA, nurtured in-house and supported by a team of over 500 engineers and scientists. This sets us apart from many other business groups in Thailand, which often opt for bolt-on acquisitions. The cultivation of internal research and development competencies is considered more advantageous for our company, ensuring business continuity (BAU), enhancing employees' competency, and benefiting society at large. Over the years, we have amassed a considerable list of Thailand's firsts and currently boast a product suite exceeding 5,000 SKUs, establishing us as a well-diversified industrial conglomerate. Comprehensive and Diversified Product Suite , and more. glues TPIPL Group’s journey transcends mere participation; under the visionary leadership of the Chief Executive Officer, Prachai Leophairatana, the company has emerged as a pioneer in Thailand’s sustainability landscape. According to the CEO, their futuristic vision, sustainability’s mission, and commitment to innovation have positioned them as a leading player, shaping the country’s energy sector and inspiring others to follow suit. TPIPL Group’s one of the subsidiary, TPIPL is a major ‘Clinker, Fibre Cement, and Specialty Polymers’ exporter to the global markets like Australia, UK, EU, Taiwan, Korea, China, Philippines, Bangladesh, Malaysia, and India.

TPIPP has emerged as one of Thailand's pioneering companies in every sector it is present. Could you share the guiding philosophy that has propelled your organization's success? Technology: driving and expanding businesses using cutting-edge technologies and the latest techniques. Product: produce top, world-class products to satisfy customers’ needs in all areas of life. The industrial landscape is continually evolving. Please brief our audience about TPIPP’s USPs and how you are currently positioned as one of the best companies. TPIPL Group has achieved remarkable success. Could you highlight a transformative project or initiative that showcases your company’s commitment to excellence and innovation? to 25% MSW input. Several cement plants substitute coal with waste-to- energy materials. Where we differ is that we use MSW while others use Industrial Waste. Substitution of coal with MSW is also undertaken in our power plants. coal-fired power plant into MSW. This project is divided into three phases, and we began Phase 2. Completion is targeted by the end of 2025. Starting in 2026, our power plant will be fossil-free. If successful, TPI Polene Group would be the first in Asia, if not in the world, to execute such a scale of conversion into MSW (not industrial waste). We innovate on products and processes within our core market competencies to cater to our customers' evolving needs and anticipate changing demands dictated by standards and qualifications from a simple cost competitiveness angle. The Group’s motto is “We Build the Future,” and our guiding philosophy is encapsulated in how we define TPI: T – Technology, P – Products, I – Innovation. You take a look at our list of Thailand’s Firsts –that can give many insights – and here are a few more examples: Innovation: moving forward with the newest innovations through top-class R&D facilities. We have completed modifying the 70 MW coal/MSW plant into 100% coal. This is now on its learning curve. Substitute coal with MSW, beginning with our calciners. By the end of 2023, our four cement kilns can now use up Capturing waste heat from cement kilns and recycling it for power: TPI Polene is the first cement producer in Thailand to capture waste heat and use it for power production in big scale. The next step in the implementation pipeline is converting the 150MW Extraction of viable level of calorific value from household wastes (also known as Municipal Solid Waste - MSW). Household wastes in Thailand are mainly unsorted, so extracting a good level of calorific value at competitive costs is difficult. It took TPI Polene Power over ten years to perfect the process and bring down conversion costs to a viable level. Utilizing bio-organic expertise from MSW plants by our R&D team to manufacture bio-organic compounds such as synbiotics, probiotics, pesticides and fertilizers for agriculture applications, including animal farming and aquaculture. The knowledge and know-how gained by our R&D team on how to handle /process bio-organic compounds have resulted in a cache of products that could help advance the agenda of Regenerative, Sustainable and Organic Farming, to achieve “ ood afety and ood ecurity” apart F S F from the obvious contribution to the reduction of methane generated by landfill waste. Your inspiring leadership style is often recognized as a driving force behind your company’s achievements. Could you shed light on your approach to leadership and team building within the organization? Digitalization and technological advancements are crucial aspects of the modern industry ecosystem. How does TPIPL Group integrate these principles into its core functioning and contribute to a technovative future? bolt-on acquisitions that would, more often than not, mean parachuting technical experts in troubleshooting and leaving an aspect of the operations dependent on external constraints. How does your company balance operational efficiency and customer satisfaction in the modern business scenario? Keeping abreast with the latest technological developments and consistently driving the research and innovation capabilities of the R&D team is key to the sustainability of our business. This means hands-on experience and problem-solving. In R&D, the TPI Polene Group grows organically. We do not undertake Digitalization and advancements in processes have always been integral to any operating systems that drive our high-tech equipment and automation. Machine learning or artificial intelligence been in the vocabulary has for a long time, and what has changed is the level of capability and the speed at which it can deliver the desired product attribute and sustainability of performance. S The essence of the business relies on innovations, and with innovation comes disruptions, but at the end of the day, end-users of industrial materials are governed by strict standards and costs. Organic R&D in both product and processes to offer high quality products at competitive costs is underpins commitment.

As a leader in Thailand’s pioneering niche sector, your company has likely faced its share of challenges. Could you share an instance where your team’s resilience and ingenuity triumphed over adversity? The COVID-19 pandemic has reshaped industries globally. How has your firm navigated these unprecedented times and adapted its strategies to ensure business continuity? in healthy Thai society. Also, our Provita-Probiotics promoted the health of our people. Looking to the future, what is your vision for your company? How do you aspire to continue significantly impacting Thailand’s transformational corporate landscape? Competition is by far the biggest threat. We may claim success in handling the negative effects of competition – price and volume – based on the fact that our plant utilization rate has always very high, except during major maintenance shutdowns. Apart from the transient effect in domestic volume demand for Cement and Building Materials due to the mandatory suspension of construction activities, TPI PL Group has indirectly benefited from the pandemic because our WTE-MSW-fired power plant was awarded the contract to burn COVID- 19 waste. Our BioKnox can counter COVID-19 virus successfully, resulting We intensify our R&D efforts in products and processes to stay ahead or at least remain relevant amidst evolving trends in materials and specifications dictated in part by the sustainability agenda. Our investments will continue to be driven by our Sustainability Goals and BCG- economy precepts, changing all fossil engines to electric motors. We are also committed to our mission to be a fully green power plant by 2026 with installed capacity of 545 MW excluding the new projects currently under consideration. For more information, please visit www.tpipolene.co.th, or connect at prachai@tpipolene.co.th.

Top Twenty Trends Revolutionized Thai Industrial Horizon in a hailand's industrial landscape is poised for a T sustainability, the future promises a dynamic and transformative era. In the wake of unprecedented global challenges and technological advancements, Thailand's industrial landscape is undergoing a profound transformation. Big Data and Analytics: Companies will harness the power of data to optimize decision-making, predict market trends, and personalize customer experiences. revolution. Fuelled by innovation, technological advancements, and a growing emphasis on Advanced Robotics: The rise of collaborative robots (cobots) and intelligent automation will enhance human- machine collaboration and improve worker safety. The deployment of robotics and automation solutions is enhancing productivity, safety, and efficiency across various industries, from manufacturing to healthcare. From digitalization and sustainability to innovation and resilience, the country's industries are adapting to meet the demands of a rapidly evolving world. As we delve into the top twenty trends shaping Thailand's industrial future, it becomes clear that the nation is poised to lead in the new era of global competitiveness and innovation. Fintech and Blockchain for Transparency: The fintech sector is thriving in Thailand, with innovations in digital banking, payment solutions, and blockchain technology driving financial inclusion and economic growth. Blockchain technology will ensure secure and transparent supply chains, build trust with consumers, and combat counterfeiting. Tech-Powered Transformation Industry 4.0: The adoption of Industry 4.0 principles is revolutionizing manufacturing processes, enabling greater efficiency, flexibility, and customization through interconnected systems and smart technologies. The integration of automation, robotics, artificial intelligence (AI), and the Internet of Things (IoT) will revolutionize production lines, optimize efficiency, and personalize mass production. Thailand is embracing digital technologies such as artificial intelligence, big data analytics, and IoT to optimize operations, enhance productivity, and drive innovation across industries. 3D Printing and Additive Manufacturing: This technology will enable on-demand manufacturing, reduce waste, and lead to more customized products. Sustainability at the Core Circular Economy: Reusing, recycling, and upcycling resources will become the norm, minimizing waste and creating closed-loop production systems. Thailand is embracing the principles of the circular economy, Powering Progress 17 | www.insightssuccess.in March, 2024

Focus on Workplace Wellness: Companies will prioritize mental and physical well-being to foster a healthy and productive work environment. promoting resource efficiency, waste reduction, and the reuse/recycling of materials to minimize environmental impact. Subscribe Today Renewable Energy Integration: Thailand will see a significant shift towards solar, wind, and biofuel technologies, reducing reliance on fossil fuels and mitigating carbon footprint. The country is investing heavily in renewable energy sources such as solar, wind, and hydroelectric power to reduce dependence on fossil fuels and mitigate climate change. Remote Work Opportunities: Advancements in communication technology will facilitate remote work arrangements, offering greater flexibility for employees. Stay in touch. Emphasis on Diversity and Inclusion: Creating a diverse and inclusive workplace will be crucial for attracting and retaining top talent. Subscribe to Insightssuccess Get Insightssuccess Magazine in print, & digital on www.insightssuccess.in Sustainable Agriculture: Precision agriculture, climate- smart practices, and water conservation will optimize yields and minimize environmental impact. Thailand is at the forefront of food technology innovation, with advancements in food processing, packaging, and safety enhancing quality and sustainability in the agricultural sector. The Evolving Marketplace E-commerce Boom: Online shopping will continue to grow, prompting a significant shift in retail models and logistics infrastructure. The rise of e-commerce platforms and digital marketplaces is reshaping retail and consumer behavior, driving convenience, accessibility, and growth in online commerce. www.insightssuccess.in Green Packaging and Biodegradable Materials: The use of eco-friendly packaging materials will reduce plastic waste and promote a more sustainable future. Research and development in advanced materials such as nanotechnology, bioplastics, and composites are driving innovation and competitiveness in manufacturing. Omnichannel Experience: Seamless integration between online and offline channels will be essential for creating a unified customer experience. The Power of Personalization: Businesses will leverage data and AI to personalize products, services, and marketing strategies for individual customers. Medical, Ecotourism and Responsible Travel: The Rise of the Sharing Economy: Collaborative consumption models like car-sharing and co-working spaces will gain traction, promoting resource efficiency. Sustainable tourism practices will prioritize environmental conservation, minimize visitor impact, and support local communities. Thailand continues to be a global leader in medical tourism, offering high-quality healthcare services and state-of-the-art facilities to international patients. Focus on Customer Experience: Businesses will prioritize exceptional customer service and engagement to build brand loyalty Future of Work Upskilling and Reskilling: Rapid technological advancements will necessitate continuous learning and skills development for workers to adapt to the changing landscape. To support the workforce of the future, Thailand is investing in education and skill development programs focused on STEM (Science, Technology, Engineering, and Mathematics) disciplines and digital literacy. Collaboration between government, industry, academia, and international partners is essential to driving innovation, competitiveness, and sustainable growth in Thailand's industrial sector. This is just a glimpse into the dynamic and exciting future of Thai industry. By embracing these trends, Thailand can position itself as a global leader in innovation, sustainability, and economic growth. As these trends converge, they have the potential to revolutionize the Thai industrial landscape, creating a future that is not only prosperous but also environmentally and socially responsible. Cheque should be drawn in favour of : INSIGHTS SUCCESS MEDIA AND TECH PVT. LTD. CORPORATE OFFICE Insights Success Media and Technology Pvt. Ltd. Survey No.133/134, Brand Square, Office No. 512, Kunjir Chowk, Pimple Saudagar, Pune, Maharashtra 411027. Phone - India: 020- 7410079881/ 82/ 83/ 84/ 85 USA: 302-319-9947 Email: info@insightssuccess.in For Subscription : www.insightssuccess.in Rise of the Gig Economy: A flexible workforce with increased freelance and contract work opportunities will become more prevalent. Act as if what you do makes a difference. 18 | www.insightssuccess.in March, 2024

NR Instant Produce Public Company Ltd Our mission is to build a food system for the long term to con?nuously deliver shared value through food by enriching the lives of our stakeholders, regenera?ng our planet, and achieving industry- leading performance. A ?ai Powerhouse Shaping the Future of Food NR Instant Produce Public Company Ltd (NR Instant) is more than just a food company; it's a visionary force shaping the future of global cuisine. Hailing from Thailand, this leading producer of ethnic, plant-based, and functional food products is rapidly gaining international recognition for its commitment to innovation, sustainability, and deliciousness. manufacturing facilities in key regions around the world to enable it to innovate, produce and distribute the best products to its customers in a climate friend manner. Dan adds, “We seek to be a leading partner of multinational brands and supermarkets. We have, • • >2,000 SKUs of products with NRF and OEM brands, 30 Years of serving ethnic food experience globally, and 25 Countries of existence around the globe.” NR Instant Produce PCL is a leading global manufacturer of sustainably produced foods focused on • According to Dan, they have, for many years, worked closely with major retailers, both in Thailand and interna- tionally, to provide product development and manufacturing expertise for tasty, nutritious private-label products across a comprehensive range of product categories. • • • Ethnic, Plant-based, and Functional foods. Sharing their trailblazing journey, the company’s CEO, Dan Pathomvanich, says that NR Instant has taken a journey from a small grass-roots company to a small shophouse factory and has now developed into a global food company with a strong-willed strategy to produce high-quality, affordable goods that people want and that align with our ethics. “We have state-of-the-art manufacturing facilities around the world where we produce our own signature brands, private label products and co-packing lines.” NR Instant boasts a rich heritage spanning over three decades. Led by Dan, the team’s dedication to quality and authenticity has established their brands, such as Por Kwan, Lee Brand, Thai Delight, and De De, as trusted favourites in kitchens worldwide. NR Instant's products are synonymous with culinary excellence, from chefs crafting mouthwatering Pad Thai to families enjoying convenient Thai snacks. A Legacy of Global Expansion Sustainability at the Forefront Dan says their vision is ‘To be a leader in delivering enjoyable and sustainable food experiences.’ He adds, “Our mission is to build a food system for the long term to continuously deliver shared value through food by enriching the lives of our stakeholders, regenerating our planet, and achieving industry-leading performance.” NR Instant recognizes the importance of environmental responsibility. Dan says they source their ingredients sustainably, utilizing responsible agricultural practices and minimizing their ecological footprint. This commitment is evident in their dedication to resource conservation and eco-friendly packaging solutions, such as the reusable glass bottles employed by their SABZU brand. Dan Pathomvanich CEO And it is exactly what they are doing. With the first listed global plant-based OEM platform, NR Instant is a global food company for the 22nd century with advanced NR Instant Produce Public Company Ltd (NR Instant) Dan states that their goal is to create delicious and sustainable speciality food products that delight and enrich people’s lives. 20 | www.insightssuccess.in March, 2024 21 | www.insightssuccess.in March, 2024

Spotlight on 5 Pioneering Companies in Thailand • Asia's First Listed Dedicated Plant-based Produc- tion Platform, IPO 2020, from SCB. “We do this by developing innovative products that improve not only taste but are also better for me and the planet.” Certificates: Dan adds, “Our values are being sustainable, taking ownership, continuously learning, taking initiative, and remaining disciplined.” Carbon footprint organization certificate. Carbon neutral organization certificate. Carbon neutral person certificate – CEO. Carbon neutral person certificate – COO. • • • • Pioneers in Plant-Based Innovation NR Instant is at the forefront of the plant-based food revolution. Recognizing the growing consumer demand for healthy and sustainable alternatives, the company has invested heavily in research and development, creating a diverse range of plant-based products that tantalize taste buds without compromising nutrition. Investing in the Future NR Instant constantly pushes boundaries. Its robust research and development team is dedicated to exploring cutting-edge food science and technology. The company fosters a culture of continuous improvement, ensuring its products are not only delicious but also meet the evolving needs of health-conscious consumers. Dan shares that the company offers sauces, seasoning mixes, condiments, ready-to-eat meals, noodles, fruit juices, snacks, and private-label and co-packing services. NR Instant Produce markets its products worldwide. Dan divulges that they have set the following goals for the year 2024 – 2025: *Ethnic Food: Seasoning, Recipe Mix, Ready to Eat, and Beverages, containing 2,000 SKUs and 200 Brands for OEM production with six NRF Brands, was 89% of YE2020's operating revenues. Increase sales to approximately 5,000 million baht by 2025. Become a Clean Food Tech Company. Build two negative emission plants in the United States and Thailand. • • • *Plant-based Food: Jackfruit, Konjac, Soymilk, Plant- based Tuna and Eel, containing over ten SKUs for OEM Production. It was 8% of YE2020 operating revenues. *Functional Products: Food and non-food products in V- shaped packaging, including the distribution of alcohol gel products with other products in pipelines. This segment accounted for 3% of YE2020 operating revenues. Beyond Borders, Beyond Expectations NR Instant's vision extends far beyond Thailand's borders. According to Dan, the company is committed to becoming a leading global food company, providing innovative and sustainable food solutions to a world with ever-changing demands. NR Instant is a shining example of Thai ingenuity and a testament to the nation's position as a global culinary powerhouse. A Global Vision, Rooted in Thai Tradition NR Instant's success lies in its unique ability to bridge the gap between tradition and innovation. Dan says they leverage their deep understanding of Thai culinary heritage to create products that resonate with global palates. “While our offerings cater to international markets, NR Instant remains deeply rooted in Thailand, sourcing local ingredients and supporting Thai farmers,” he adds. For more information, please visit https://www.nrinstant.com/, or Headquarters: 99/1 Moo 4, Kaerai, Krathumbaen, Samut Sakhon, 74110. Telephone-+6634 849576-80. Fax-+6634 849586. This is reflected in the awards and certifications they have been bestowed. Bangkok Office: 518/5 Maneeya Center Building, 6th floor, Ploen Chit Road, Lumphini, Pathumwan, Bangkok 10330. Entrepreneur of The Year award from Thailand Tatler. Sharing Together award from the National Food Institute. • Telephone-+6622 556 851. Fax-+6626 520 527. • 22 | www.insightssuccess.in March, 2024

hailand, known for its rich culture and stunning T growing number of pioneering companies committed to sustainability. landscapes, is also emerging as a hub for innovation. At the forefront of this movement are a Thai Innovation Trailblazers In such a scenario, a new breed of pioneering companies is leading the charge towards a more sustainable future, leveraging innovation and technology to address pressing environmental and social challenges. These trailblazers are not only driving economic growth but also prioritizing sustainability as a core value, demonstrating that profitability and environmental stewardship can go hand in hand. As we examine their initiatives, it becomes evident that they are not just creating a brighter future for Thailand but also inspiring change on a global scale. Sustainable Solutions for Real-World Problems One of the key areas where Thai companies are making significant strides is in renewable energy. With a strong focus on solar and wind power, these companies are harnessing Thailand's abundant natural resources to reduce reliance on fossil fuels and mitigate climate change. Through large-scale solar farms, innovative energy storage solutions, and community-driven projects, they are not only reducing carbon emissions but also creating jobs and stimulating economic development in rural areas. How the Pioneering Companies are Shaping the Future with Sustainable Initiatives? Sustainable Initiatives? In addition to renewable energy, Thai companies are also leading the way in sustainable agriculture and food production. By embracing organic farming practices, promoting biodiversity, and investing in smart irrigation systems, they are ensuring food security while minimizing the environmental impact of agriculture. Furthermore, initiatives to reduce food waste and promote sustainable packaging are helping to create a more circular economy, where resources are used more efficiently and waste is minimized. Thai innovation takes many forms. Here are some examples of how these pioneering companies are making a difference: Circular Economy Champions: Some companies are revolutionizing waste management by promoting the circular economy. This approach focuses on minimizing waste and maximizing resource use through recycling, upcycling, and product design that prioritizes reusability. 24 | www.insightssuccess.in March, 2024 25 | www.insightssuccess.in

Renewable Energy Leaders: Thailand is seeing a surge in renewable energy solutions. Forward-thinking companies are developing solar, wind, and biofuel technologies, making Thailand less reliant on fossil fuels and reducing its carbon footprint. Creating Sustainable Jobs: The shift towards a more sustainable economy is creating new job opportunities in fields like renewable energy, circular economy solutions, and green technologies. Building a More Resilient Thailand: By addressing climate change and environmental degradation, these companies are helping to build a more resilient Thailand, prepared for the challenges of the future. Sustainable Agriculture and Food Systems: Innovation is transforming Thailand's agricultural sector. Companies are developing sustainable farming practices, creating plant- based alternatives to meat products, and minimizing food waste throughout the supply chain. Challenges and the Road Ahead Ecotourism and Responsible Travel: The tourism industry is a major pillar of the Thai economy. Pioneering companies are promoting ecotourism practices that minimize environmental impact while showcasing the beauty of Thailand's natural heritage. Despite their progress, Thai innovators still face challenges. Securing funding for sustainable ventures, overcoming entrenched practices, and ensuring widespread adoption of sustainable solutions are all hurdles that need to be addressed. Beyond Business: A Ripple Effect for Change A Sustainable Future Beckons Beyond environmental sustainability, Thai companies are also championing social initiatives aimed at improving livelihoods and empowering communities. From fair trade partnerships with local artisans to education and healthcare programs for underserved populations, these companies are leveraging their resources and expertise to drive positive social change. By prioritizing the well-being of their employees, supporting diversity and inclusion, and giving back to the communities they serve, they are setting a new standard for corporate responsibility and ethics. Thailand's pioneering companies are paving the way for a more sustainable future. Their dedication to innovation, coupled with a commitment to environmental responsibility, is a powerful combination. As these companies continue to grow and inspire others, Thailand can position itself as a global leader in sustainable development, ensuring a thriving economy and a healthy planet for generations to come. In short, Thai innovation trailblazers are not only shaping the future of their industries but also paving the way for a more sustainable and equitable world. By harnessing the power of innovation, technology, and collaboration, they are demonstrating that sustainable development is not only achievable but also essential for long-term prosperity and well-being. As they continue to push the boundaries of what is possible, they serve as inspirations for businesses everywhere to embrace sustainability as a driving force for innovation and growth. Moreover, Thai innovation trailblazers are not just focused on short-term gains but are committed to long-term sustainability and resilience. By incorporating sustainability into their business strategies, they are future-proofing their operations against environmental risks and regulatory changes. Through investments in clean technologies, research and development, and stakeholder engagement, they are positioning themselves as leaders in a rapidly evolving global economy that values sustainability and ethical business practices. The impact of these sustainable initiatives extends beyond just the companies themselves. Here's how they are creating a ripple effect for positive change: Inspiring a Greener Mindset: By showcasing the success of sustainable practices, these companies are inspiring a new generation of entrepreneurs and consumers to prioritize environmental responsibility. 26 | www.insightssuccess.in March, 2024

Spotlight on 5 pioneering Companies in Thailand SC Asset Corp Public Company Ltd Our commitment to pushing boundaries and challenging the status quo has made us the premier choice for discerning homeowners seeking modern, sustainable, and technologically advanced residences. A Pioneering Force in Thailand's Real Estate Landscape E stablishing its mark as a trailblazer in Thailand's real estate industry, SC Asset Corp Public Company Ltd (SC Asset) has emerged as a beacon of innovation and excellence. For decades, the team under the ardent leadership of Nuttaphong Kunakornwong, the CEO of SC Asset, has been synonymous with redefining urban living experiences, crafting premium-quality developments that transcend traditional boundaries. company has consistently delivered groundbreaking projects that set new standards for luxury, sustainability, and community living. The firm's unwavering dedication to transparency, integrity, and corporate governance, further solidified by their public listing, has earned them the trust and admiration of investors and stakeholders alike. Innovation at the Core Mr Nuttaphong says that SC Asset's priority is customer needs. "We strive to develop all categories of products, namely single-detached houses, townhomes, condominiums, and office buildings, to ensure that all customers in our development projects live a perfect life today and in the future." At the heart of SC Asset's success lies a relentless pursuit of innovation and forward-thinking. The company's visionary leadership of Mr Nuttaphong, coupled with his dynamic team of professionals, continually explore new horizons. They push boundaries in design, technology, and sustainability to create living spaces that resonate with modern lifestyles. Therefore, SC Asset's house is far more than just an ordinary residence. It is a piece of creativity in every bit of detail, with full-function facilities in a good community and a 24-hour security system. "We offer five components of perfection to our special customers," he adds. Make every morning a "good morning" for every customer. Every morning, life starts anew at home. A Diverse and Meticulous Portfolio SC Asset's diverse portfolio encompasses residential, commercial, and mixed-use developments. Each project is meticulously crafted to cater to its discerning clientele's unique needs and aspirations. From iconic high-rise condominiums to vibrant retail hubs and integrated townships, SC Asset's projects seamlessly blend aesthetics, functionality, and sustainability, setting new benchmarks for excellence in the industry. A Legacy of Groundbreaking Projects Mr Nuttaphong further states that SC ASSET strives to build thoughtful homes and help solve residents' pain points. "We foster a safe living environment and provide heart-warming services so that those who live in our homes have more time and energy to spend doing what they love. We build homes catering to all price points, so "good morning" is possible for all. And from these good beginnings, a better society can be built.” Beyond Bricks and Mortar: A Commitment to Community Nu?aphong Kunakornwong CEO SC Asset Corp Public Company Ltd (SC Asset) SC Asset goes beyond delivering exceptional real estate solutions. They are deeply ingrained in the fabric of Thai society, actively contributing to community development, environmental conservation, and social welfare initiatives. SC Asset's story is intricately woven with the evolution of Thailand's real estate landscape. Since its inception, the 28 | www.insightssuccess.in March, 2024 29 | www.insightssuccess.in March, 2024

Through strategic partnerships and robust corporate social responsibility programs, the company seeks to make a meaningful and lasting impact on the communities it serves. Leading Thailand's Real Estate Future As Thailand's urban landscape continues to evolve, SC Asset remains steadfast in its mission. They are committed to shaping the future of real estate through innovation, sustainability, and unwavering dedication to excellence. With a proven track record of success and a clear vision for the future, SC Asset stands poised to lead Thailand's real estate sector into a new era of growth and prosperity. We Are Bringing the Tomorrow of Your Dreams to You Envisioning the future for the next 25 years, Mr Nuttaphong says that at SC ASSET, they are not just building homes but crafting futures. "With a bold vision to redefine how people live, we are committed to creating living spaces that inspire and empower individuals to pursue their dreams and aspirations." responsibility, we are poised to continue bringing the future to our customers, one inspiring morning at a time.” The visionary leader envisions a future where every morning is a celebration of life and possibility for over a million customers. In these homes, safety, comfort, and quality of life are paramount, enabling residents to devote their time and energy to pursuing their passions and positively impacting the world. SC Asset Wins Sustainability Disclosure Award 2021 SC Asset was awarded Sustainability Disclosure Recognition 2021 by Thaipat Institute owing to the public disclosure of the Company's performances with transparency through its Sustainability Report. It demonstrates that SC has placed importance on creating sustainable business and focusing on responsibility for the environment, society and governance (ESG) on 17th December 2021. He adds, "At the heart of our mission is a relentless dedication to innovation and excellence." SC ASSET is synonymous with high quality, innovative homes that set new standards for urban living. "Our commitment to pushing boundaries and challenging the status quo has made us the premier choice for discerning homeowners seeking modern, sustainable, and technologically advanced residences.” SC Asset announces strong financial results for 2022: SC Asset Corporation Plc, Thailand's leading property developer, announced a total revenue of 21.685 billion baht and a net profit of 2.556 billion baht at the end of 2022, marking an 11% and 24% increase respectively. Mr Nuttaphong insists that their employees are the driving force behind their success, and they take great pride in their role in shaping a better future for society. Each member of the SC ASSET family is dedicated to creating environments that foster creativity, collaboration, and community, ensuring that every resident feels a sense of belonging and fulfilment in their home. "As we look ahead to the future, SC ASSET remains committed to being the leading force in Thailand's real estate landscape," he adds before concluding, "With our unwavering focus on quality, innovation, and social 30 | www.insightssuccess.in March, 2024

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Spotlight on 5 pioneering Companies in Thailand

Spotlight on 5 pioneering Companies in Thailand

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