Page 13 - Anual report STi 2022_eng

year. In addition, the scope, guidelines, and annual audit plan 7. Review and improve the Audit Committee Charter -

were also taken into consideration together with the auditors. the Audit Committee reviewed the Audit Committee Charter

6. Review the connected transactions or transactions on annual basis to supervise and improve the Audit Committee
that may have conflicts of interest - the Audit Committee has Charter to be in line with the principles of good corporate

reviewed the connected transactions in compliance with laws governance of the SEC and the SET as well as assessing the
and the requirements and criteria of the Securities and Exchange performance of the Audit Committee as a collective basis,
Commission (SEC) and the Stock Exchange of Thailand (SET) which performance assessment results for the year 2022 were

on disclosure and practices of listed companies for the at a ‘very good’ level. It was found that the duties were fully
connected transactions. The Audit Committee opinioned that performed as specified in the Charter. The Audit Committee
the connected transaction is a normal business practice, with has used their knowledge and skills, to provide opinions and

no conflict of interest, or plausibility, and is in full accordance suggestions to the Management and the Board of Directors
with the requirements set out by the SET. complete and continuously with independence, including reporting the

adequate disclosure of information without any irregularities, performance of the Audit Committee together with the review
and acknowledging compliance with the guidelines set by the result of financial statements to the Board of Directors once a
Board of Directors regarding the criteria and procedures for quarter and prepare the report of the Audit Committee to be

reporting the interests of the Company's directors and published in the 2022 Annual Report.
executives, as announced by the Office of the Securities and

Exchange Commission that the listed companies are required
to proceed.

In summary, in the overview of the year 2022, the Audit Committee

has performed the duties and responsibilities specified in the Audit

Committee Charter approved by the Board of Directors in the best
capacity of knowledge, competence, carefulness, prudence, and sufficient

independence for the benefit of all stakeholders equally. The Audit
Committee thought that the financial reports of the Company and its

subsidiaries have been accurate, reliability, and in compliance with
financial reporting standards. The Company has a suitable and effective
internal control system and internal audit, the operation has been in line

with the good corporate governance policy, and compliance with laws,
terms, and obligations related to the business operations of the Company.
However, over the past year, the Audit Committee did not find any event

or suspicion that there would be any event or situation implying that it
was a transaction or action that could have a significant impact on the
Company's financial position and performance.

Stonehenge Inter Public Company Limited 11