HELLO NIPSEA GROUP! The past year has been a testament to the dedication and resilience that we have demonstrated as an organisation. Not only has NIPSEA Group stood strong in the face of adversity, we have grown, both in our strength in business as well our understanding of each other’s potential and what we can continue to achieve together. Our drive to stand strong and succeed has led us to the realisation that there is no better time to celebrate our success and take pride in the work we are producing across all our regions. With that, it is with great excitement that we bring to you the very first edition of the NIPSEA Group quarterly newsletter. This newsletter intends to revel in the amazing projects that are being managed across the region, share key business highlights and the steps we are taking to achieve NIPSEA Group’s vision and brand promise. In this very first edition, we will provide insights into our sustainability initiatives and take a deeper look at how our sustainability philosophy is being ingrained into the work we produce. We will also share some exclusive insights into how our business practices are allowing us to embark on more community work and the impact that we have managed to create thus far. We hope that these highlights from our businesses and markets across NIPSEA Group will inspire you to inch for more progress and impact the people and communities around you. #HelloNIPSEA Newsletter Issue 01 November 2021 WELCOME NOTE Name & DesignationFOREWORD Even though the pandemic over the past 18 months has put a dampener on progress across the world, this period has been one of true transition and transformation for us at NIPSEA Group. We renewed our efforts to grow our global footprint, worked on innovative solutions that drove value for our stakeholders and doubled down on our sustainability efforts and community causes. This progress has been made possible by you, our people. It is your dedication and resilience that inspires us to deliver against all odds and this rings through in our newly launched corporate brand identity - Inspired by You. In this very first edition of the newsletter, we recognise the efforts of our people who have achieved this progress. The year-in year-out ongoing endeavor to build a sustainable business is also documented in the NIPSEA LFG Sustainability Report. As we move forward with the new corporate vision of building a sustainable future through customer-centric growth, let us continue to innovate with heart and people at the core of everything we do. It is our ‘people-first’ focus that will enable us to build deeper consumer and community connections and invent innovative solutions for the greater good. As we strive towards building a sustainable business, let us continue to develop a growth mindset shaped by our Lean for Growth (LFG) culture, with our internal values that set the foundation of our business DNA, encourage collaboration, and empower us to do the right thing. Lastly, as we head into the final quarter of the year, much still needs to be done, and much can be done. As human beings, it is in our nature to be curious, as our minds are easily stimulated by the wider environment. So, inspire yourself to surpass expectations. Draw inspiration from all sources. Stay in the moment. One never knows when that light bulb in your mind will be fired up by external stimuli. There is inspiration all around us. On that note, I hope that you continue to be inspired by our organisation and your colleagues, as we are with you. Mr. Wee Siew Kim Group CEO, NIPSEA Group& Co-Presi Nippon Paint Holdings GrouAs we strive towards building a sustainable business, let us continue to develop a growth mindset shaped by our Lean for Growth (LFG) culture, with our internal values that set the foundation of our business DNA, encourage collaboration, and empower us to do the Lastly, as we head into the final quarter of the year, much still needs to be done, and much can be done. As human beings, it is in our nature to be curious, as our minds are easily stimulated by the wider environment. So, inspire yourself to surpass expectations. Draw inspiration from all sources. Stay in the moment. One never knows when that light bulb in your mind will be fired up by external stimuli. There is inspiration all around us. On that note, I hope that you continue to be inspired by our organisation and your colleagues, as we are with you. ident, GroupPAINTING THE WAY FORWARD WITH A FOCUS ONSUSTAINABILITYDespite the COVID-19 pandemic, the NIPSEA Group has continued to see marked success in generating sustainable business value. Centred around our core pillars of technical capability, customers, environment, organisational health, people and community, we have moved forward to become an all round conscious and sustainable organisation. From working on innovative products like future ready paints and energy saving coatings to reinforcing our social engagements. As discussed in more depth in the second iteration of theNIPSEA LFG Sustainability Report, we have continued to leverage our technical capabilities and partnerships to make a difference in the lives of our customers. Here are some of the latest highlights from our core sustainability pillars and how NIPSEA’s values are embodied across its diverse functions. PAINTING THE WAY FORWARD SUSTAINABILITYAs climate change becomes a greater challenge, NIPSEA Group aims to tackle the issue by taking on several key projects focused on reducing our overall carbon footprint. These include improving recycling practices, developing water based, solvent free paints, enhancing wastewater recycling systems, developing non-burn technologies and increasingly looking into ‘green factories’ and digitising our supply chains. Together with our innovation and R&D teams, we are also developing a NIPSEA Green Plan to further our sustainability and environment goals to achieve carbon neutrality. NIPSEA Group R&D's research hubs in Shanghai and Singapore play a critical role in creating green solutions to enable sustainable growth for our business. In our bid to achieve environment efficiencies with improved technology, we have been working on bringing to speed a range of innovative solutions to the markets such as infrared reflective paints to lower energy usage and encouraging low carbon coating solutions. We are committed to minimize our environmental footprint leveraging innovation, research and development. Thus to inspire and lead the whole value chain transit toward a green future. Dr. Jiang Hong, Chief Technology Officer ， NIPSEA Group ENVIRONMENTINNOVATION AND TECHNICAL CAPABILITIES Focus on green technologyINNOVATION AND TECHNICAL CAPABILITIES One of our most exciting new developments is the ACECRON 130TF E-coat, which was successfully adopted by one of China’s largest compressor providers recently. ACECRON 130TF is the industry leading electrophoretic paint which can cure at 130°C offering excellent performance without the assistance of heavy metals such as lead and tin. Such innovations and many more are possible through global collaboration between the various R&D teams who maximise synergy and accelerate the development of innovative products. Bringing innovative products to the market Nippon Paint Automotive Coatings (NPAC) makes entry into decorative films Nippon Paint Automotive Coatings (NPAC) has announced plans to develop coating technology for films (“decorative films”) to meet the needs of customers in the next generation of the automotive industry. The decorative films for automobile interiors provide protection for electronic devices besides its anti-glare screen protection and can act as an antiviral. The decorative films also make the application of flexible designs possible. Furthermore, the need for decorative films is anticipated to increase further toward the realization of a carbon-free society. NPAC has been developing decorative films for solar cells through a joint project with Toyota with plans to explore non- automotive applications as well. NIPSEA believes in providing holistic learning and development opportunities for employees. To encourage them to upskill themselves, we digitalised the process by adopting a new Learning Management System (TalentLMS). The platform, which is available in multiple languages, allows employees to learn anytime, at their own pace, and on any of their devices. We raised awareness of TalentLMS at a NIPSEA Learning Carnival, where we shared on some of the courses available, held live webinars with professional guest speakers, and organised games. NIPSEA is excited about empowering our people to take charge of their own learning. Digital Learning through Talent LMS Knowing how the pandemic has resulted in employees everywhere becoming overwhlemed, we have worked to promote wellness and combat pandemic fatigue in multiple ways among our people. Our TalentLMS e-Courses on physical and mental Improving workplace wellness PEOPLE wellness were available for employees to help them navigate through these challenging times. We also invited speakers from the fields of healthcare and wellness to share insights and useful tips on combating fatigue and burnout. Through our culture of looking out for each other, we encourage people managers to engage with their team members to check in on them and urge them to maintain a healthy work-life balance. With remote working being a norm, NIPSEA has strived to keep team spirit alive through various engagements, webinars and e-Courses on TalentLMS. I enjoyed the session on Refocus, Reset & Rebound! It taught me the importance of staying positive and to be motivated. By doing so, I can redirect my attention away from the pandemic and towards a more hopeful future. Khun Kidakran Timsawat Human Resources ， NPDC (Thailand)Ms. Rebecca Meer of Nippon Paint Philippines is a Senior Supervisor for the logistics department and has been part of the organisation for the last 25 years. Throughout her tenure, she has watched the company grow along with its employees. As someone who enjoys social interactions and cultural exchange, Nippon Paint is the perfect fit for Rebecca as it gives her the opportunity to be people focused. Ever since she joined, Rebecca has spent numerous festive occasions with the company and is grateful to have this family out of her home. The company is thankful for her loyal service and is heartened to see that Rebecca’s career with us has not only been fulfilling, but has also brought her personal wellbeing and joy. People focus: Inspired by you to inch for Progress: Rebecca Meer Senior Supervisor, Nippon Paint PhilippinesNext >