Page 5 - 2022 CPC Corporation,Taiwan

Also, CPC’s Dalin plant and Hsiaogang High School in Kaohsiung signed the CPC Science Class Industry-School Cooperation Plan, further acting to contribute to the local community and nurturing local students. In 2021, CPC received various international and domestic awards. Our gas stations have received the Readers Digest Trusted Brand Platinum Award for 21 consecutive years; our Gas Tanker Electronic IoT Management System won the Model Award in the Outstanding Operation Category of the first Harvard Business Review Digital Transformation Dynastic Change Award. In terms of sustainability category awards, CPC received the Top 50 Sustainable Enterprise Award, the Energy Industry Platinum Award, seven TCSA sustainability awards, the National First Prize for Most Popular Brand, and First Prize for Best Product of the National Brand Yushan Award, vividly showing that CPC’s efforts to combine environment protection, CSR and ESG have been strongly recognized. In response to the Net Zero Emissions 2050 target, global energy faces drastic changes, and international energy companies are adjusting their objectives and directions, undergoing corporate transformation and restructuring their businesses. With the main themes of quality oil, carbon reduction and clean energy, CPC will continue to develop various technologies and products and expand potential applications. In terms of quality oil, and in line with changes in the market’s energy composition, we will gradually adjust the refining and petrochemical structure, including moving in the direction of COTC to reduce oil output, increase petrochemical ratio, and develop high-value petrochemical materials. In the area of carbon reduction, we will continue to improve the manufacturing process and energy efficiency in refining and petrochemicals. In addition, we are also simultaneously developing negative carbon emission technology, such as carbon capture, utilization and storage (CCUS), to create a domestic carbon “circular economy” ecosystem. As for clean energy, we will explore domestic geothermal energy resources, promote the building of solar photovoltaic systems and develop hydrogen energy and zero carbon technologies. With the global trend toward net zero carbon emissions, CPC will continue to keep track of the pulse of the energy market and, in line with the the government’s policies on energy transformation, on the foundation of the “worker safety, environmental safety, cyber security and integrity security” safety culture, strengthen the development of the core businesses to ensure the steady supply of oil, gas and petrochemical materials in Taiwan. We will move with the times and adjust the company’s operating objectives and policies on a rolling basis, aiming to drive transformation through R&D and expand the existing business scope. At the same time, we will pay attention to environmental protection, ecological conservation, and caring for the disadvantaged, and we will contribute to the community and fulfill CSR, as we pursue sustainable operations. Message from the Chairman & President 2 3