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Super Turtle Public Company Limited 4913. Risk Management13.2 Risk Factors with Impacts to Business OperationsThe Company has the rights to manage commercial leasing spaces on 31 stations within the BTS Green Lineto operate its retail business under Turtle brand and to manage leasing spaces. As at 31 March 2025, the Company opened 27 Turtle shops on 25 stations and 2 shops located at The Unicorn Building and Thana City. The main target customers of Turtle shops and other tenants are commuters using the BTS and MRT systems (collectively referred to as %u201cCommuters%u201d). The Company%u2019s main objectives in 2024/25 are to continue opening new Turtle shops, the refurbishment of leasing spaces on BTS Green Line stations, and the construction of new leasing spaces on MRT Yellow Line stations. Additionally, the Company aims to strengthen relationship with its business partners in order to manage its subsidiaries and joint ventures in accordance with their business plans. The Company has considered various risk factors that may have significant impact on these objectives.13.1 Risk Management Policy and PlanUnder the constantly changing business environment, risk management is a crucial process that helps the Company achieve its important objectives, such as, strategic planning, operations and execution of the Company%u2019s primary activities, financial management, human resources management, safeguarding and publishing of the Company%u2019s significant information, as well as compliance with the applicable laws, rules and regulations.The Company has established risk management policies in order to enable (a) the Company to operate its business under the acceptable risk level to achieve the Company%u2019s important objectives and to respond to the stakeholders%u2019 needs by including risk management as a part of preparation of annual business plan, day-to-day decision making and project management, (b) everyone in the Company, including directors, executives, and employees, to be responsible for the risk management by identifying, analyzing, assessing, monitoring and controlling risks which involve in their functions, i.e., activities, responsibilities and work processes, (c) the risk to be managed and responded in a timely manner with costs and benefits taken into account, and (d) the management to report the extremely high strategic risks to the Board of Directors for acknowledgement.Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment