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BUSINESS OPERATION AND OPERATING RESULTS CORPORATE GOVERNANCE FINANCIAL STATEMENTS ENCLOSURES

4. Review the evaluation of the anti-corruption practices, No assignment of the same personnel or department
is allowed to be responsible for transaction contract, purchasing order, receiving goods, preparing stock card,

and payment. The check and balance of the internal control has been used in order to check and prevent
the corruption. In addition, the Audit Committee has also encouraged the Company to be a certified company
by Thailand’s Private Sector Collective Action Coalition against Corruption. Please note that the Company
was certified to be parted of Thailand’s Private Sector Collective Action Coalition against Corruption on
Quarter 2/2020.

5. Review compliance with laws, concerning the Securities and Exchange Acts, Regulations of the Stock Exchange
of Thailand (SET), and any other relevant laws, including the compliance with the Company requirement
and obligations to external parties. The Audit Committee did not find any significant incompliance to the law,
Regulations and the Company obligations to external parties.

6. Review the risk management process, to be linked with the internal control system to manage the overall
Company business risk, by reviewing the Risk Management Policy and Manual, risk factors, risk management
plan and progress. The Audit Committee had the opinion that the Company risk management process was
complied with risk management manual, which covered the objective setting, risk identification, risk assessment,
risk response and quarterly monitoring, setting of Key Risk Indicator (KRI) serving as an early warning system,

crisis management plans to fit with the situation, Risk Appetite and Risk Tolerance, and also frequently reviewed
risk to fit with the current situation.

7. Review and give opinion to connected transactions or transactions that may have conflict of interests, and
information disclosure of such transactions to comply with Regulation of the Stock Exchange of Thailand (SET),
and the Office of the Securities and Exchange Commission (SEC). The external auditors had opinion that
the significant transactions with the connected persons were disclosed and shown in the Financial Statements
and Notes to Financial Statements and the Audit Committee had opinion as same as the external auditors
and also considered that such transactions were reasonable and the most beneficial to the business of
the Company and were disclosed correctly and completely.

8. Consider Appointing the External Auditors and their Remuneration for the year 2021 to propose to the Board
of Directors to ask for the approval from the shareholders in the Annual Shareholders’ Meeting for the year 2020,
which the Audit Committee considered the performance, independency and remuneration and concluded to

propose appointing Ms. Supannee Triyanantakul (C.P.A. Registration No. 4498) or Ms. Watoo Kayankannavee
(C.P.A. Registration No. 5423) or Ms. Isaraporn Wisutthiyan (C.P.A. Registration No. 7480) of EY Office
Limited to serve as the Company external auditor for the year 2021, with the remuneration of THB 2,081,340.
The Audit committee has the opinions regarding the external auditors as follows:

• Based on past performance, the external auditors performed their duties with knowledge, professional
competency, and gave recommendation regarding internal control system and various risks, and also
had independency in performing their duties.

• The proposed remuneration of THB 2,081,340 is reasonable. It is less than 2020 THB 108,660 or 5%.

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