Scope of Duties and Responsibilities of the Audit Committee

1. To review the company and its subsidiaries financial reporting is accurate, reliable and adequate in accordance with financial reporting standards by coordinating with external auditors and executives responsible for preparing financial reports. The Audit Committee may suggest that the auditors review or examine any items that are considered important and necessary during the audit.
2. To review the Company and its subsidiaries to have internal control system and internal audit system to ensure that they are suitable and efficient, to determine an 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 regulations of the SET, and the laws relating to business of the Company;
4. To consider the election, the nomination and the removal of persons with independence, reliability, acceptable qualification and are auditors approved by SEC to act as an auditor of the Company and to determine the remuneration of such person as well as to attend a non-management meeting with an auditor at least once a year;
5. To review the connected transactions, interested person transactions or the transactions that may lead to conflicts of interest, to ensure that they are in compliance with the laws and the regulations of the SET, and are reasonable and in the best interests 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 the Audit Committee and consist of at least the following information:
   1. a) an opinion on the accuracy, completeness and credibility of the company’s financial report;
   2. b) an opinion on the adequacy of the company’s internal control system;
   3. c) an opinion on the compliance with the law on securities and exchange, the regulations of the SET, or the laws relating to the company’s business;
   4. d) an opinion on the suitability of an auditor of the Company;
   5. e) an opinion on the transactions that may lead to conflicts of interests;
   6. f) the number of the Audit Committee meetings, and the attendance at such meetings by each committee member;
   7. g) an opinion or overview of comments received by the Audit Committee from its performance of duties in accordance with the charter; and
   8. h) other transactions which, according to the Audit Committee’s opinion, should be known to the shareholders and general investors, within the scope of duties and responsibilities assigned by the Company’s board of directors;
7. To commission and review the findings of significant internal investigations and/or consult with the auditor in relation to such findings and report the findings to the Board of Directors of the Company in the event that there is any suspected fraud or irregularity or infringement of any law or regulations of Thailand, the rules of the SET, or other relevant regulations which has or is likely to have a material impact on the results of operations and/or financial position of the Company, In the event that the Audit Committee deems it necessary to obtain independent opinions requiring specialized expertise from professional advisors beyond the normal scope or capability of the internal auditors, the Audit Committee shall have the authority to appoint or engage a special auditor at the Company’s expense. Such engagement of a special auditor or specialist shall be carried out in accordance with the Company’s rules and regulations.
8. To review and approve the Internal Audit charter. And is reviewed for suitability at least once a year.
9. To review the audit plans, scope of work and results of audits compiled by internal and external auditors;
10. To review the co-operation given by officers to the external auditors;
11. To thoroughly and systematically review the Company’s risk management system to ensure that the internal control processes are appropriate and sufficient to address potential fraud-related risks. In addition, the Audit Committee has collaborated with the Internal Audit Department and the external auditor in considering an audit plan that encompasses a review of operational procedures as well as the electronic data processing control system. The Committee has also inquired into specific security projects and measures established to prevent and mitigate all forms of fraudulent activities.
12. To review the compliance with the anti-corruption policy.
13. To report the results of the internal audit of the Audit Committee to the Board of Directors at least once per quarter.
14. To evaluate the performance of the Audit Committee at least once a year.
15. To consider and review the Audit Committee Charter at least once a year and present it to the Board of Directors. to consider approval
16. To perform any other act as delegated by the Board of Directors and approved by the Audit Committee.