Introduction to the NIPSEA GroupTable of Contents The NIPSEA Group Message from the CEO Global Presence, Market Presence & Our Brands Vision, Brand Promise, Brand Values Lean For Growth 01 04 Sustainability & Innovation 02 08 Sustainability Focus Areas Corporate Social Responsibility Innovation: Performance Innovation: Health & Well-Being Innovation: Environment Innovation: Customer Care Our Business Segments 03 16 Architectural Coatings: Home Solutions Architectural Coatings: Professional Solutions Industrial Coatings Automotive Coatings Marine Coatings Beyond CoatingsThe complete reopening of the global markets not only signifies a return to economic activities, but prompts us to rethink and reprioritise - emphasising sustainability, diversity, inclusion, and mutually beneficial growth, while staying true to our mission of Maximising Shareholder Value. Our recent publication of achievements in these areas via the Sustainability Report 2022 stands as our continuing commitment to these aspects. We continue to extend our leadership position across the board, without compromising on our principles and mantras by continuing to be laser-focused on our goals and growing holistically across the spectrum. We continue to collaborate effectively with all our partners and stakeholders CEO Message as well as the communities that we serve in. More importantly, we are continuously inspired by you. From the individual to team and organisational levels, we are primed to deliver value and impact to customers and stakeholders. Through nurturing relationships, growing opportunities, and investing in innovations, we contribute effectively and positively, thereby creating value in the process. We look forward to building upon partnerships and collaborations with you. So, let us put our best brushstroke forward and paint the future, in all its wonders and splendours, together. CEO MESSAGE 4 Wee Siew Kim Chief Executive Officer, NIPSEA GroupIn 1962, Nippon Paint took their first step outside Japan through a joint venture with Singapore's Wuthelam Holdings. The NIPSEA Group was born, and Nippon Paint’s first factory was subsequently built outside of Japan. Over the years, Nippon Paint has always delivered high quality coating solutions to homeowners and tradesmen alike. We listened to our customers and empowered our teams to understand the markets, industries, and consumers that we serve. Being the champion for new ideas and challenging the norms empower us to deliver a breadth of innovative solutions with superior product Nippon Paint have been providing innovative solutions in the paint and coatings industry since the brand was established in 1881, when production first started in Japan. performance so your spaces and surfaces do more for you. From ships to cars, skyscrapers to sheds, and everything in between – no other competitor comes close to providing a total solutions experience for the built environment industry. The NIPSEA Group’s arsenal of solutions for the industry covers Architectural, Industrial, Automotive and Marine Coatings, as well as a range of products beyond the world of paint and coatings. We have an unyielding drive to focus on customers and provide innovations that work better for all our stakeholders. ABOUT US 5 140 Years of InnovationGLOBAL PRESENCE 6 Our Global Presence Our market reach includes Bangladesh, Brazil, Canada, China, Czech Republic, Egypt, France, Germany, India, Indonesia, Kazakhstan, Kenya, Korea, Kyrgyzstan, Malaysia, Mexico, Myanmar, Pakistan, Philippines, Singapore, Slovakia, Sri Lanka, Thailand, Turkiye, United Arab Emirates (UAE), United Kingdom, USA and Vietnam. NIPSEA Group is Asia Pacific’s No. 1 paint and coatings manufacturer in both production and sales revenue. After more than 60 years of growth, NIPSEA Group has established over 121 manufacturing facilities and operations across the region and has contributed significantly to the development of the industry. The NIPSEA Group has come a long way since that first factory in Singapore. Today, we are present in 28 geographical locations and counting. Our Brands Beyond Coatings Paint & CoatingsOur Vision Building a sustainable future through customer-centric growthOur Logo Story Our logo has evolved over the years, but it has always represented the same guiding philosophy; we always focus on innovations that put customers at our core, in the many geographies that we operate. This is why the red ‘n’ in the center of our symbol represents the attention we give to our diverse customers, while the blue represents the world of opportunity. Our Tagline Over the years, Nippon Paint has always delivered high quality coating solutions to homeowners and tradesmen alike. We listen to our customers and empower our teams to understand the markets, industries, and consumers that we serve. The NIPSEA Group is a global industry leader working towards a sustainable future through customer-centric growth. Inspired by the needs and ambitions of the people we serve, we’re coming together and leveraging our strengths to bring you Innovation with Heart and People at our Core. At Nippon Paint, we’re Inspired by You. The NIPSEA Group Brand Identity Our Brand Promise Innovation with heart & people at our coreOur Brand Values Insight Driven Collaboration Passion For Innovation Strive for Excellence OUR CORE VALUES: LEAN FOR GROWTH 8 Our Company Culture The Lean for Growth (LFG) culture is what drives the NIPSEA Group as an organisation. It forms the heart of what we do and is the foundation of our belief that sustainable growth comes from doing the right thing. This culture creates a winning formula when coupled with the shared goals of ensuring product excellence, creating innovative solutions, and meeting customer needs. Our Core Values Keep Your Eyes On The Risk VIGILANCE Be Observant. Be Rigorous. Ever On Guard. Hunger For More INSATIABLE APPETITE Be Ambitious. Eliminate Complacency. Work As One TEAMWORK Be Strong Together. Be Collaborative. No Silos. Sense & Respond Fast AGILITY Be Nimble. Outwit The Competition. Back To Basics LEAN Be Value-driven. Be Tenacious. Make Every Bite Count. Can’t Stop, Won’t Stop STAMINA Be Relentless. Be Resilient. Unending Quest.INTRODUCTION TO SUSTAINABILITY & INNOVATION 9 Sustainability & Innovation SECTION 02 NIPSEA Group’s commitment to sustainability and innovation go hand in hand. We are driving a more sustainable business by taking a considered and transparent approach. Our goal is to create the greatest value within the geographies we serve, while working with the lightest touch. Our passion for innovation covers these areas: Performance, Health, Environmental and Customer Service. View Sustainability PageEnvironmental Being part of the chemical industry, we recognise our contributions to greenhouse gas (GHG) emissions. We view this as a prospect to harness opportunities on energy efficiency through an integrated risk and opportunity approach. Currently, we rely on a combination of renewable and non-renewable power sources guided by a Group Environmental Policy to reduce both direct and indirect energy within our business value chain. Water Water is an essential resource to humanity, and this is no different at NIPSEA Group where water is a critical raw material in our manufacturing process. Water usage is viewed from two perspectives: Reducing Usage & Encouraging Reuse as well as Recycling to achieve our overall goal of reducing annual water usage. Environmental pollution from wastewater generation is guarded against strict treatment regulations of wastewater discharge and soil testing around sites to combat pollution from water seepage. Sustainability Regenerating energy and reducing carbon emissions Emissions Emissions are managed through an assessment of pollutant levels through Ambient Air Quality Monitoring. Performed twice a year, we collect and measure ambient air quality, stack emissions, Volatile Organic Compounds (VOCs) level and chemicals emitted. Wet scrubbers, dust collectors, and spray paint booths are installed as standard protocol to reduce the number of chemical pollutants released into the air. Waste NIPSEA Group places great emphasis on waste disposal due to the scale of our regional production and the chemical nature of our business. As such, we commit to prioritising a responsible long-term strategy towards managing hazardous and non-hazardous waste across four action areas: Checks & Balances, Employee Awareness, Product Labelling & Disposal Treatments. 10SUSTAINABILITY: ENVIRONMENT, WATER, EMISSIONS & WASTENext >