Page 240 - Amata-one-report2020-en

Enclosures 6

The Audit Committee’s Report

Corporate Governance Report prepared by Audit Committee

for the year 2020

To: The shareholders of Amata Corporation Public Company Limited

In 2020, Amata Corporation Public Company Limited had 3 Audit Committee Members, who were knowledgeable
in different fields and were qualified independent directors according to the Regulation and Best Practice Guidelines
for Audit Committee of the Stock Exchange of Thailand, comprising Mr. Anucha Sihanatkathakul, Audit Committee
Chairman, Mr. Noppun Muangkote and Assoc. Prof. Dr. Somchet Thinaphong, Audit Committee Members, with

Mrs. Rewadee Jantamaneechote serving as the secretary of the Audit Committee.

The Audit Committee fulfilled the responsibility according to the scope, duties and responsibilities assigned by
the Board of Directors that complied with the Regulation of the Stock Exchange of Thailand. There were 4 Audit Committee
meetings in the financial year of 2020 and 1 Audit Committee meeting in 2021 up to the reporting date, totally 5 Audit Committee
meetings. Mr. Anucha Sihanatkathakul, Mr. Noppun Muangkote and Assoc. Prof. Dr. Somchet Thinaphong attended every
meetings . The meetings involved management Executives, external auditors and internal auditors when appropriate,
pertaining to the following issues:

1. Review the interim and annual financial statements of 2020, by questioning and listening to the management
and the external auditor clarifications, concerning the correctness and completeness of the financial statements

and the adequacy of information disclosure, and acknowledged the financial audit plan of the external auditors
for the year 2020. The Audit Committee agreed with the external auditors that the financial statements were
correct adhering to the Thai Financial Reporting Standards, nformation n the financial statements was disclosed
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adequately, and there was no item that could significantly affect the financial statements.
2. Review the operation information and the internal control system, to evaluate the sufficiency, appropriateness
and effectiveness of the internal control system to reach the specified objective, by reviewing the internal
control system together with the external and internal auditors. The existing internal control system was found
no weakness or significant deficiency, appropriate asset safeguarding, correct, complete and reliable information
disclosure. In addition, the Audit Committee evaluated the internal control system complying with the Practice of
the Securities and Exchange Commission. The Audit Committee found no significant deficiency that could affect
the Company’s operation and financial statements and had opinion that the system to monitor the operation

of the Company’s subsidiaries was adequate, appropriate and efficient.
3. Review the internal audit, by considering the mission, scope of work, duties and responsibilities, independency
of Porama Consultant Co., Ltd., the Company’s internal auditor, so that the Company’s internal audit is

appropriate, up to date and in compliance with the internal audit practice manual of the Stock Exchange of
Thailand, and approved annual audit plans that linked to corporate risk. The Audit Committee had opinion that
the Company had the internal control that was adequate, appropriate and on par with international standard
for the Professional Practice of Internal Auditors.

240 56-1 One Report 2020