The scope of duties and responsibilities of The Audit and Risk Management Committee

The Audit and Risk Management Committee of the company has the scope of duties and responsibilities as follows;

(1)     To review the Company’s financial reporting process to ensure that it is accurate and adequate.

(2)     To review the Company’s internal control system and internal audit system to ensure that they are suitable and efficient, to determine and internal audit unit’s independence, as well as to approve the appointment, transfer and dismissal of the chief of an internal audit unit or any other unit in charge of an internal audit.

(3)     To review the Company’s compliance with the law on securities and exchange, the Exchange’s regulations, and the laws relating to the Company’s business.

(4)     To consider, select, nominate or lay off an independent person to be the Company’s auditor, and to propose such person’s remuneration, as well as to attend a non-management meeting with an auditor at least once a year.

(5)     To review the Connected Transactions, or the transactions that may lead to conflicts of interests, to ensure that they are in compliance with the laws and Stock Exchange’s regulations, and are reasonable and for the highest benefit of the Company.

(6)     To prepare, and to disclose in the Company’s annual report, an audit committee’s report which must be signed by the chairman of audit committee and consist of at least the following information.

(a)     an opinion on the accuracy, completeness and creditability of the  Company’s financial report,

(b)    an opinion on the adequacy of the Company’s internal control  system,

(c)     an opinion on the compliance with the law on securities and exchange, the Exchange’s regulations, or the laws relating to the Company’s business,

(d)    an opinion on the suitability of an auditor,

(e)     an opinion on the transactions that may lead to conflicts of interests,

(f)      the number of the audit committee meetings, and the attendance of such meetings by each committee member,

(g)    an opinion or overview comment received by the audit committee from its performances of duties in accordance with the charter, and

(h)     other transactions which, according to the audit committee’s opinion, should be known to the shareholders and general investors, subject to the scope of duties and responsibilities assigned by the Company’s board of directors; and

(7)     To set the policy and suggest how to manage the risk in concern to the business company.

(8)     To set the Risk Management Plan.

(9)     To follow up and evaluation according the Risk Management plan.

(10)   To appoint and change the person in the Risk Management Team.

(11)   To supervise the risks and internal controls related to anti-corruption and report the audit results to the Board of Directors.

(12)   To prepare any other act as assigned by the Company’s board of directors, with the approval of the audit and risk management committee.

Term of the Audit and Risk Management Committee

The Audit and Risk Management Committee has a term of tenure in accordance with the term of directorship or not exceeding 3 years at a time, and the member of the Audit and Risk Management Committee that has been retired from the term may be appointed by the Board of Directors again.