Page 14 - 56-1 One Report 2022 EN

Part 1 Business Operation and Operating Performance

1. Structure and Operation of the Company

General Background
The Company was established on 7 November 1991 by Intouch Holdings Public Company Limited (INTOUCH)
(formerly known as Shin Corporation Public Company Limited), and was granted a 30-year Domestic
Communications Satellite Operating Agreement by the Ministry of Transport and Communications (currently
transferred to the Ministry of Digital Economy and Society). The Company had the right to build, launch and operate
satellites with a requirement that the Company paid the Ministry of Digital Economy and Society (MDE) an agreed
percentage of the Company's annual gross revenue earned from the transponder business, or a minimum
remuneration, whichever was higher. Under the Agreement, the Company must transfer ownership of the satellites,
satellite control station, and all related operational equipment to the MDE once the construction and installations
were complete. The Agreement expired since 11 September 2021.

On 17 December 1991, His Majesty King Bhumibol Adulyadej officially bestowed the name “THAICOM” on the first
of the Company’s satellites. Abbreviated from “Thai Communications,” the name is symbolic of the linkage between
Thailand and modern communications technology.
The Company has successfully launched a total of 8 Thaicom satellites as follows:

• Satellites launched and were de-orbited including Thaicom 1, Thaicom 2, Thaicom 3 and Thaicom 5.

• Satellites launched and already delivered back to the Ministry of Digital Economy and Society after the concession
contract expired on 10 September 2021, were Thaicom 4 and Thaicom 6 satellites.
• Satellites launched and the Company provided services under the telecommunications business license were
Thaicom 7 and Thaicom 8 satellites.

The Company expanded its business operations to include Internet services, while telephone services and DTV
satellite television dish sales operations were added in 1997, 2000 and 2007 respectively.

The Company became a listed company on the Stock Exchange of Thailand on 18 January 1994. As of 30
December 2022, Gulf Ventures Company Limited, which is the Company’s major shareholder, holds 41.13% of the
Company’s shares.

1.1 Business Overview

1.1.1 Vision, Mission, and Operational Strategies
Vision:

“To empower people with Innovative Space Technology for a better life”
Mission:

 To be the number one space tech company in Thailand and one of the top in the region.

 To grow our business through international partnerships.
 To build new digital capabilities to serve business opportunities of the future.

 To create value for the shareholders under the principle of corporate governance and foster sustainable
development for all stakeholders

Part 1 page 1
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