Message from the Chairman

Dear shareholders,

        The year 2021 was another year that the world had to face with the Covid-19 pandemic, which has been putting a lot of pressure on the economy for more than 2 years. There were some periods of economic recovery in the year 2021 from vaccination in developed countries, which were first to be vaccinated, while developing countries were being gradually vaccinated. However, in the year 2021, the Covid-19 had mutated causing periodic economic slowdown according to the Covid-19 response policy of each country. During the third quarter of 2021, the Delta variant outbreak in Thailand had caused many economic activities to be restricted under strict pandemic control measures for several months, which clearly caused the economic slowdown. However, local vaccination made great progress at the end of the year. More than 100 million doses of vaccines were given to the public by the middle of December 2021, causing gradual relaxation of control measures and resumption of economic activities. As a result, Thailand’s GDP grew at a rate of 1.6% in the year 2021. For the year 2022, Thailand and the rest of the world will continue to face economic challenges from various factors, including rising inflation, the Covid-19 mutation, and conflicts among European countries with the risk of becoming a continental or global war.

        In respect of the Company, there have been various factors with significant impact on business, economy, society, and lifestyle, causing volatility and rapid changes. It is important to prepare for changes and the Company has adjusted itself in terms of business and organization.

        In respect of business in the year 2021, the Company remained committed to implementing its business plan in conjunction with the corporate vision of “Clean and Sustainable Energy for All”, renewable power plant and other renewable energy projects. The Company has acquired shares and business of N15 Technology Co., Ltd., which operates waste disposal and conversion into fuel used in various industries in replace of the use of fossil fuel. Such business is considered in the trend of international social awareness. It is classified as one of the major mega trends in the growing sustainability category or sustainable growth in respect of the environment for which global warming or the greenhouse effect has caused a significant change that affects the lives of people around the world. Since people has become aware of this, there is a trend to reduce the use of fossil energy and increase the use of other types of renewable energy that are more environmentally friendly, creating the concept of ‘circular bioeconomy’ or ‘green supply chain.’ Therefore, the business of N15 Technology Co., Ltd. meets the needs of the society and will create an opportunity for business growth while changing human behavior in this time of era.

        In terms of corporate development in the year 2021, the Company has successfully undertaken digitization and is moving towards its next goal of digital transformation. The goal is to successfully develop a digital organization to be prepared and cope with various situations that may arise in the future so that the organization can continue its business in all situations.

        On behalf of Sakol Energy Public Company Limited, I would like to express our gratitude to all shareholders, customers, trade partners and stakeholders for your support and great assistance with our works.

        Finally, we would like to confirm and provide assurance that we will operate the business under the principles of good corporate governance and good management for sustainability of the Company. I would like to take this opportunity to thank the Board of Directors, the management team, all employees and personnel for their cooperation and high dedication to their duties and responsibilities, which has helped the Company to get through the economic and social crisis in the year 2021. With this cooperation, I believe that we will make the organization grow steadily and sustainably.



Prof. Emeritus Dr.Direk Lavansiri
Chairman / Independent Director