GlaxoSmithKline Pakistan : Transmission of Annual Report for the Year Ended December 31, 2022

CONTENTS

Organisational Overview and Business Environment

1. Purpose, Strategy and Culture
2. Global Footprint

1. Group Structure
2. Our Presence
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1. Organizational Chart
2. Corporate Information
3. Corporate Leadership Team
4. Position in Value Chain
5. Composition of Local vs. Imported Material

1. Business Model

1. Top Brands

1. Key Quantitative Information
2. Our People

1. Our Code

1. Our Business Units and Functions

1. Awards and Recognition

1. Timeline and History of Key Events
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1. Key Initiatives

1. Factors affecting External Environment

1. Competitive Landscape and Market Positioning
2. SWOT Analysis
3. The needs of Key Stakeholders

1. Legislative and Regulatory Environment

1. The Political Environment where the Organization Operates
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Strategy and Resource Allocation

50 Objective and Strategies

52 Key Resources of the Company which provide Competitive Advantage

1. The effect of Technological, Societal, Environmental Challenges on Company's Strategy
2. Processes used to make Strategic Business Decisions

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55 Business Rationale of Major Capital Expenditure

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Risk and Opportunities

1. Risk and Opportunity Report

1. Risk Management Framework
2. Strategy for Mitigating Risks

63 Initiatives Taken by the Company in Promoting Innovation

1. Board's Efforts for determining the Company's level of Risk Tolerance
2. Board's assessment of the principal risks faced by the Company

1. Strategy to overcome liquidity problems

1. Capital Structure and its Adequacy

Sustainability and Corporate Social Responsibility

68 CSR Activities

1. Employee Wellbeing, Health and Safety

1. Environmental Sustainability
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1. Audit

Governance

1. Board Composition
2. Schedule of Board of Director Meetings
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1. Commercial Leadership Team

1. Chairperson's Review Report

1. Director's Report

1. Statement of how the Board operates

1. Annual Evaluation of Performance of the Board
2. Disclosure of the Board's Performance Evaluation

1. Board Induction and Orientation

1. Directors' Training Program

1. Description of External Oversight of various Functions
2. Policy for Related Party Transactions

ŹŸž =ęŘ·ęđűöÏĿöķW·đ·ìÙÕ·đÕ Monitored by the Board

107 Policy on Governance of Risk and Internal Controls

107 Policy on Inclusion and Diversity in the Board

ŹŸƀ öijÙÏĿęijȜķ@đĿÙijÙķĿöđ}öìđöŰÏ·đĿęđĿij·ÏĿķ and Arrangements

109 Policy for Remuneration to Non-Executive Directors

109 Policy of Retention of Board Fee

1. Security Clearance Policy for Foreign Directors
2. Board Meetings held outside Pakistan

110 Human Resource Management Policy

1. Social and Environmental Responsibility Policy
2. Policy for Communication with Stakeholders

111 Investors' Grievances Policy

1. Policy for Employee Health, Safety and Protection
2. Disclosure of Whistle Blowing Policy
3. Policy for Safety of Records

1. Shareholders' Participation in the
   AGM
2. Business Continuity Plan

1. Disclosure of Ownership and Group Shareholding Structure
2. Compliance with the Code of Corporate Governance

115 Role of the Chairperson and the

CEO

117 Shares held by Sponsors and Directors

117 TOR and attendance in meetings of the Board Committees

121 Timely Communication

121 Presence of the Chairperson of the Audit Committee at the AGM

1. Board disclosure of Enterprise Resource Planning (ERP)
2. External Search Consultancy

Źźź ó·öijİÙijķęđțķķöìđöŰÏ·đĿ commitments and any changes thereto

1. Government of Pakistan Policies related to Company's Business
2. Governance Practices exceeding Legal Requirements

Performance and Position

1. Financial Highlights
2. DuPont Analysis
3. Financial Performance at a Glance

1. Key Performance Indicators
2. Analysis Of Financial and Non-Financial Information

131 Key Operating Financial Data & Ratios

1. Horizontal Analysis
2. Vertical Analysis
3. Quarterly Analysis along with Comments on Variation
4. Direct Cash Flows

137 Free Cash Flows

138 Segmental Review

138 Economic Value Added

1. Preparation and Presentation of the Financial Statements
2. Information about defaults in payments

1. Market Share and Price Sensitivity Analysis
2. Statement of Compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019

1. Independent Auditor's Review Report on the Statement of Compliance
2. Independent Auditor's Report on the Audit of the Financial Statements

151 Financial Statements

197 Integrated Reporting Framework

IT Governance and

Cybersecurity

200 Legal and regulatory implications of cyber risks

200 IT governance and cybersecurity programmes, policies and procedures

źŸŹ =ęŘÏŞÎÙijķÙÏńijöĿŞŰĿķöđĿęĿóÙ Board's risk oversight function

201 Board Committee's oversight of IT governance and cybersecurity matters

1. Company's controls and procedures about an "early warning system"
2. Independent comprehensive security assessment of technological environment

202 Disaster recovery plan in terms of dealing with a possible IT failure or cyber breach

1. Disclosure of advancement in digital transformation
2. Education and training efforts of the Company to mitigate cybersecurity risks

Future Outlook

206 Forward Looking Statement

206 Explanation of the External Environment that is likely to be faced and how it will affect the Organization

208 Forward-Looking Disclosures made in the previous years

1. Status of the Projects in progress
2. Source of Information and Assumptions Used in Forecasts

209 How the Organisation is currently equipped in responding to the critical challenges and uncertainties that are likely to arise

209 CEO's Presentation Video

Stakeholder Relationship and Engagement

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212 Stakeholder Engagement Process

216 Steps taken to encourage the minority Shareholders to attend the general meetings

216 Investors' Relation Section on the Corporate Website

1. Issues Raised in Last AGM
2. Statement of Value Added and its Distribution
3. Steps taken by the Board to understand the views of Stakeholders through Corporate
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218 Highlights about Redressal of Investors' Complaints

Others

1. CSR Voluntary Guidelines
2. Pattern of Shareholding
3. Shareholding Information
4. Members Having 10% or more of Voting Rights
5. Key Shareholding
6. Notice of Annual General Meeting

1. Notice of Annual General Meeting - Urdu
2. Form of Proxy

1. Form of Proxy - Urdu

1. Standard Request Form
2. Standard Request Form - Urdu

1. E-DividendMandate Letter
2. E-DividendMandate Letter - Urdu
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