Century Paper & Board Mills : TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2023

empowering WOMEN

INSPIRING progress

ANNUAL REPORT 2023

Art by: Saqlain Haider

2 Century Paper & Board Mills Limited

empowering WOMEN

INSPIRING progress

The women of our society are the foundation of our strength, the source of our resilience, and the catalysts of our progress. They have played a vital role in the social, economic, and cultural advancement of the nation. Be it leadership, entrepreneurship, social work, health, education, justice, fine arts or caregivers of a family, all areas have been uplifted by their contribution and informed by their unique perspectives. They have created a strong legacy of excellence and empowerment.

Women represent more than half of us, and they deserve equal opportunities for education, economic participation, and leadership. By advancing towards "National SDG 5: Achieve gender equality and empower all women and girls", we can liberate the true potential of our female population, which will usher in a new era of innovation, diversity, and progress for our nation.

Century Paper is committed to promoting women's empowerment through various initiatives. The company provides skill development programs and creates a culture of inclusion, enabling women to become self-sufficient and productive members of the workforce.

The theme of this year's annual report is a celebration of our women, featuring a few eminent females of our society and women in the Company. Century Paper also reaffirms its pledge to accelerate its progress toward Gender Equality and Women Empowerment.

TABLE OF

CONTENTS

	OVERVIEW &
	STRATEGY	04 - 35
Core Values	04
Code Of Ethics	05
Company Profile	08
Milestones	14
Certifications & Awards	16
Organogram	21
Year At A Glance	26
Key Figures And Ratios	27
Dupont Analysis	28
Statement Of Value Added	29
Summarized Six Year Data	30
Financial Performance	32
Horizontal And Vertical Analysis	34

	GOVERNANCE &	42 - 103
	COMPLIANCE	159 - 162
Corporate Information	42
Shareholders' Information	44
Notice Of Annual General Meeting	46
Board Of Directors	53
Directors Profile	54
Review Report By The Chairman	57
Chairman's Message	64
Directors' Report	66
		ٹئ	99
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ٹرپور زر�ر�اڈ
Statement Of Compliance With The Code Of	100
Corporate Governance
Auditor's Review Report On Statement Of Compliance 103
Pattern Of Shareholding	159
Form Of Proxy

SUSTAINABILITY

REPORT38 - 41

FINANCIAL

STATEMENTS104 - 158

2 Century Paper & Board Mills Limited

VISION

To be the market leader and an enduring force in the paper, board and packaging industry, positively influencing and providing value to our stakeholders, society and our nation.

Annual Report 2023

3

MISSION

To strive incessantly for excellence and sustain our position as a preferred supplier of quality paper, board and packaging material within a team environment and with a customer focussed strategy.