Page 71 - 56-1 One Report 2022 EN

Part 1 Business Operation and Operating Performance

for accounting and tax purposes, the effect of non-deductible tax and current year losses for which no
deferred tax assets was recognized.
In 2022, the difference resulted from the expense of the effect of different tax rates in foreign jurisdictions,
the share of profit (loss) of investment in joint ventures, the effect of income recognized in different periods
for accounting and tax purposes, the effect of non-deductible tax and current year losses for which no
deferred tax assets was recognized.

Please also see Tax Policy on the website https://www.thaicom.net/wp-content/uploads/2019/07/thcom-tax-policy-
2019-en.pdf

3.2.2.6 Innovation for sustainability
National Science Technology and Innovation Act B.E. 2551, Section 3, states that the word “innovation” is the use
of knowledge, management skills, and experience in science and technology for the invention, development of
products, services, and processes, and new organization management which is clearly in line with the company's
business. The Company, therefore, creates and integrates innovations to business operations, and develops
projects to promote society and communities to increase access to communication technology in remote areas
raising the quality of education, access to information, health promotion, career development, and a sustainable
environment. This also promotes awareness of the Company's commitment to creating sustainability for the
economy, society, and the environment in accordance with the corporate goals and international goals.

For the year 2022, the Company continuously carried out 2 major projects to promote the use of technology for
society and communities. For the first phase, the Company focused on the rural areas with communication
disadvantages in the north and south of the country, including Chiang Mai, Mae Hong Son, Tak, and Phang Nga
provinces as follows:
1) Community Digital Center for communications, learning, and promoting careers

Principles

In 2016-2020, the Company jointly implemented a project
with the Office of Non-Formal Education and Informal
Education (NFE) named "Social Development Fund for
Sustainability" to fund the development of highland
communities according to community’s guidelines and
potential in Chiang Mai, Mae Hong Son, Tak, and Phang
Nga provinces. The project was successful as intended and
planned and aligned with the sustainable development
guidelines of the Company, that is, to integrate sustainability
into business processes to create value and opportunities
for society and promote the royal project of Her Royal
Highness Princess Maha Chakri Sirindhorn's initiatives,
"Create forests, generate income", for people in the highlands and students of Non-Formal Education in highland
communities by coordinating with the NFE.
As the Company's policy and determination to create business growth along with social development towards
sustainability by creating shared values, in 2021, the Company continued expanding its approach to supporting
social investments along with the company's product development by implementing the project named “Digital
Community Center for communication, learning and career promotion”, which provides satellite Wi-fi internet
services called “Thaicom Express Wi-fi”. The project gives opportunities to access high-speed internet (up to 30

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