Dear Shareholders,

The Nomination and Compensation Committee (NCC) is pleased to present its 2025 Annual Report. Throughout the year, the Committee continued to uphold high standards of corporate governance, transparency, and fairness in overseeing the nomination, remuneration, and leadership development frameworks across the Group. The Committee’s work centered on strengthening leadership capability, ensuring robust succession pipelines, and aligning compensation structures with business performance and long-term shareholder value.

Purpose of the Committee

The NCC is responsible for:

• Recommending candidates for Board and senior executive positions.
• Overseeing compensation, benefits, and performance evaluation frameworks.
• Reviewing leadership development and succession plans and supporting creation of a high-performing, future-ready leadership bench.
• Ensuring governance practices align with SET and SEC requirements.

Committee Composition

The NCC comprised four members during 2025:

• Mr. Paul Heinz Hugentobler, Chairman
• Mr. Tinnawat Mahatharadol, Member
• Mr. Robbert van der Feltz van der Slot, Member (Independent Director)
• Dr. Subhak Siwaraksa, Member (Independent Director)

The Group CEO attended all meetings as a permanent invitee. In 2025, the Committee convened six meetings, with all members attending every meeting. Several sessions were also attended by key leaders, including group company CEOs, functional heads, and high-potential leaders.

Nomination, Composition & Structure

The Committee reviewed and endorsed changes to board compositions of SCCC and key group companies, including Siam City Concrete, Siam City Cement Lanka, INSEE Digital, and Ecocycle entities, ensuring deeper industry expertise, local market insight, and stronger linkage to the Group’s technology & digital transformation agendas.

During 2025, the NCC reviewed and endorsed 9 leadership appointments, including:

• Chief Executive Officer, Conwood Indonesia
• Ecocycle Director (Sri Lanka)
• Chief Financial Officer (Chip Mong INSEE)
• Chief Executive Officer – Ready Mix Business, Siam City Concrete
• Chief Executive Officer – Aggregate Business, Siam City Concrete
• Chief Executive Officer (Sri Lanka)
• Commercial Director (Sri Lanka)
• Chief Executive Officer (Bangladesh)
• VP LBM Manufacturing & Technology and GM Mortar

These appointments are intended to reinforce leadership and drive the execution of strategic transformation initiatives, ensuring that executives’ qualifications and experience are aligned with the Company’s business direction and strategic priorities.

Remuneration

The Committee oversaw compensation frameworks with emphasis on market alignment, performance driven principle, and long-term sustainability. Key improvements included:

• 2025 Performance-Linked Bonus: Continued emphasis on clear linkage between KPIs and rewards consisting of Approved updated Financial, Functional, and People KPIs.
• Market Competitiveness: Reviewed Thailand’s total compensation and benefits structure and endorsed the closure of the legacy Saving Fund. This decision benefits the company by reducing long-term costs and aligning employee benefits with current market standards, ensuring financial sustainability and competitiveness.

The Committee concluded that the remuneration structure and amounts are appropriate, performance-driven, and commensurate with responsibilities, while supporting long-term sustainability.

Management Development and Succession Planning

Leadership development and succession planning remained a central focus of the NCC. The Committee reviewed succession pipelines for critical and C-level roles through Group People Days, assessed talent readiness across Thailand, Vietnam, Sri Lanka, and Bangladesh, and identified capability gaps. The Committee also provided leadership exposure by inviting CEO and CEO-1 successors to present directly to the NCC and endorsed executive development programs for key leadership talents.

Board Committees

The Nomination and Compensation Committee also reviewed the compositions of the Board Committees (AC, NCC, GC) to ensure that the functional expertise required for the respective committees meet international standards. In addition, the NCC endorsed the establishment of Technology & Digitalization Committee to steer strategic technology and digital transformation roadmap for SCCC Group.

Conclusion

The Nomination and Compensation Committee remains committed to enhancing leadership capability, reinforcing good governance practices, and ensuring that remuneration frameworks support long-term performance and shareholder value.