Message From Chief Executive Officer
Dear Stakeholders,
I have spent my entire life in business and have lived through periods of strong economic growth, moderate growth, and severe downturns. One lesson becomes clearer to me every year: businesses that last are not the ones that grow the fastest, but the ones that stay disciplined, stay alert, and never lose their way.
Today, sustainability is discussed everywhere
For me, sustainability is a simple but serious question:
Will our business still be standing when the world changes even more than it already has?
At Ichitan, we choose to run our business with caution and control.
We do not take excessive risks.
We do not expand beyond our capacity.
And every investment must clearly show how it will sustain the company in the long term.
This same mindset guides our approach to sustainability.
We do not act because we are told to.
We act because we know that if we do not start today, costs will rise, risks will increase, and opportunities will disappear tomorrow.
The Ichitan ReCircle project, our closed-loop PET bottle recycling system, is a clear example of action over intention. We are committed to reducing waste at the source, turning used bottles back into high-quality raw materials for new production, and preparing the company for increasingly stringent global environmental regulations.
This is not a distant issue.
It is about cost management, competitiveness, and the future of our business.
When it comes to people, I firmly believe that a business can only grow if its people grow with it.
We invest in developing our team’s skills in digital technology and AI not to follow trends, but to help them work faster, smarter, and more efficiently by reducing unnecessary tasks. I want Ichitan employees to feel proud of their work and confident that this is a place where they can truly grow.
For Ichitan, sustainability is not a long-term aspiration set far into the future. It is a way of thinking applied to everyday decisions — from our products and packaging, to our factories, our people, and our business partners.
Looking ahead, I do not believe the world will become easier.
Economic volatility will remain.
Regulations will become stricter.
But I believe Ichitan has its own path.
We have strong products.
We have production systems that are ready.
We have partners who trust us.
And we have a team that never backs down.
As long as we do not lose our way, remain vigilant, and continue to conduct business responsibly, I believe Ichitan will not only endure — but will stand strong for a long time to come.
Respectfully,
Mr.Tan Passakornnatee
President and Chief Executive Officer
Ichitan Group Public Company Limited
Dear Stakeholders,
Turning sustainability commitments into reality requires more than good intentions. It requires a strong system of corporate governance that is transparent, accountable, and verifiable — ensuring
that every promise made by the organization is carried out in practice.
The Corporate Governance and Sustainability Committee of Ichitan Group Public Company Limited plays a key role in overseeing the company’s operations to ensure ethical conduct, respect for the rights of all stakeholders, and prudent risk management across economic, social, and environmental dimensions.
Over the past year, the Company has continuously strengthened its governance framework, including anti-corruption policies, risk management systems, data protection, and the promotion of a corporate culture rooted in transparency and accountability. These systems not only mitigate short-term risks, but also form the foundation of long-term trust.
The Committee places strong emphasis on fully integrating sustainability into the Company’s governance structure. ESG performance is monitored on a regular basis and directly linked to strategic decision-making at the executive level, ensuring that sustainability is not merely reported, but actively embedded in daily operations.
We recognize that stakeholder trust is built through consistent actions, not words. The Corporate Governance and Sustainability Committee therefore remains committed to its role in oversight, balance, and constructive guidance, supporting Ichitan’s sustainable growth alongside responsibility toward society and the environment.
On behalf of the Corporate Governance and Sustainability Committee, I would like to thank the management team, employees, and all stakeholders for their continued commitment to good governance and for supporting Ichitan’s journey toward sustainable and meaningful growth.
Respectfully,
Ms. Petchompoo Theppipidh
Chairman of the Corporate Governance and Sustainability Committee
Ichitan Group Public Company Limited