Page 102 - 56-1 One Report 2022 EN

Part 1 Business Operation and Operating Performance

The change of the major shareholder

On December 30, 2022, Gulf Ventures Company Limited, a wholly-owned subsidiary of Gulf Energy Development
Public Company Limited, purchased 450,870,934 shares of THCOM from Intouch Holdings Public Company
Limited, equivalent to 41.13% of the total issued and paid-up shares of the Company.
Business Cooperation

In 2022, the Company established collaborations with several domestic and international business partners to
enhance its services and expand its revenue potential. These partnerships are listed below:
(1) Globalstar Inc., a global LEO satellite operator and a leading provider of satellite IoT (Internet of Things)
solutions and mobile satellite services, to collaborate on the establishment and operation of Globalstar’s
low-earth orbit satellite (LEO) ground facilities in Thailand and regional commercial service deployment,
with a focus on personnel safety and management solutions for Thailand’s Tourism and Maritime industry.

(2) NXT Digital Limited, a company in Media & Digital Vertical of Hinduja Group, which is one of the largest
conglomerates in India. THCOM signed a binding Memorandum of Understanding to form a strategic
partnership to enter the Broadband-over-satellite market and related services in India via OneOTT
Intertainment Limited.

(3) US-based Orbital Insight Inc., the leader in geospatial analytics and location intelligence technology, to
enable Thaicom to deliver world-class data insights and intelligence services leveraging space-based
technology and other sources with Orbital Insight’s geospatial analytics platform to its customers in
Thailand and the region.

(4) Amazon Web Services, Inc., an Amazon.com company, creates, transforms, and delivers Thaicom digital
content quickly and easily. By leveraging AWS’s global cloud infrastructure, advanced video
technologies, and pay-as-you-go-model, Thaicom can produce high-quality video streams for distribution
to its national and worldwide customers.
(5) Thai General Insurance Association (TGIA), a company that adopts satellite technology using crop
insurance. The collaboration was to provide Remote Sensing Satellite with Artificial Intelligence to analyze
data for TGIA so as to serve information for the project management with being prompt, comprehensive,
and enhancing efficiency. This aims to develop the country by targeting data usage from Earth
observation satellites to improve and raise efficiency in crop insurance for the agriculture sector of
Thailand.
Strategy for sustainability

Thaicom Public Company Limited emphasizes the importance of sustainable development and has goals that take
into account sustainability in all dimensions: economic, social, and environmental. This is to respond to the needs
and expectations of, create shared value for and reduce the impact on stakeholders in the business value chain. In
addition, the Company also operates within a sustainable development framework aligned with the United Nation’s
Sustainable Development Goals (SDGs) and pursues the following strategies:

(1) Doing Business with Responsibility - The Company is committed to conducting business with
responsibility to society, the environment, and all stakeholders by adhering to good corporate
governance and business ethics in order to create added value and investment in businesses
(2) Caring for People & Society - The Company adheres to social responsibility regarding human rights
and labor laws, promotes the management and caring of employees with equality, fairness, and good

Part 1 Page 88