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BUSINESS OPERATION AND OPERATING RESULTS CORPORATE GOVERNANCE FINANCIAL STATEMENTS ENCLOSURES

The Company follows the “Apply or Explain” principle according to the SEC Corporate Governance Code for listed
companies 2017. Any reasons for inability to apply the principles have to be explained and further plan has to be submitted.

The Company has the Anti-corruption Policy with written guideline for the Company’s Board of Directors, Management,

and staff to reject all kind of corruption. This policy was approved from the Board and are in effected. The Company
was certified for the 1st time by Thailand’s Private Sector Collective Action Coalition against Corruption (CAC) from
Quarter 2/2021. The Company has a policy to expand and support anti-corruption to customers in industrial estates
and trading partners.

Code of Conduct

The Company has establised the “Code of Conduct” disclosed on the Company’s website www.amata.com under
the heading “Corporate Governance” for all Board Directors, Members of the Executive and Management Group, and
Company Staff at all levels to study and achieve a full understanding of the Code. This is so that all can join in developing
the Company into a transparent organization, so as to receive the full trust and confidence from all Stakeholder
groups. This is in accordance with “ALL WIN” philosophy as a core foundation for the Company’s business
operations together with its ongoing sustainable growth. The “Code of Conduct” is introduced to the Board Directors,

Members of the Executive and Management Group, and Company Staff when they join the Company. Review of the
“Code of Conduct” is also arranged annually. Some contents from the “Code of Conduct” are

1. Business Ethics
2. Code of Conduct for the Board of Directors

3. Business Ethics Towards Stakeholders

4. Code of Conduct for the Company’s Staff

Change and Major Development of the Company’s Policy,

Guidelines, and Corporate Governance System in the Past Year

Significant Development on Policies, Practices, and Corporate Governance

Systems or Board Charter in Last Year

In 2020, the Board of Directors approved additional policies, namely, Personal Data Protection Policy, which is

important policy to protect the stakeholders. The Board of Directors had reviewed the Company’s Corporate Governance
Policy and Charters of Sub-committees responding the current situation, such as, e-Meeting in order to reduce the risk
of COVID-19. The Board of Directors arranged to have the Board Charter as the guidelines for Directors.

The Board of Directors also ensured that the Management set up a dedicated Investor Relations unit to communicate
with shareholders and stakeholders such as investors and analysts on a regular basis, effectively and fairly.

In addition, in 2020 the Company participated in corporate governance activities which gave the Company opportunity
to learn about corporate governance aspects that the Company could improve on. Following are the activities and
achievements.

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