Audit Committees

Audit Committee

As of December 31, 2023, the Audit Committee consists of 3 members as follows:

Mr. Kanchit Yimkrim has been appointed as a secretary to the Audit Committee.

Dr. Thiraphong Vikitset has sufficient accounting and finance knowledge and experience to review the reliability of the Company’s financial statements. Dr. Thirapong Wikitsait holds a bachelor’s degree of Science in Chemical Engineering and a Ph.D. in Economics from West Virginia University.

Functions and Responsibilities of the Audit Committee

            The Audit Committee is responsible for reviewing the Company's financial reports, adequacy of the internal control system, risk management systems, compliance with laws, relevant rules and regulations; and preparing reports or giving  opinions to the Board of Directors for approval or for proposal to the shareholders' meeting, as the case may be, as follows:

1. Review and ensure the Company's financial reporting is accurate and adequate.
2. Review and ensure the Company’s Internal Control and Internal Audit are appropriate and effective, and consider the independence of the internal audit department, as well as approve the appointment, transfer, dismissal of the head of the internal audit unit and/or the hiring of an internal audit company or any other unit responsible for internal auditing.
3. Review and ensure the Company's compliance with the law on securities and stock exchange, regulations of the Stock Exchange of Thailand, and laws related to the business of the Company.
4. Consider, select, and nominate an independent person to be the Company's auditor and propose such person's remuneration to the Board of Directors for approval at the shareholders' meeting, including attending a meeting with the auditor without the presence of the management at least once a year.
5. Review connected transactions or transactions that may have conflicts of interest in accordance with the law, notifications of the Capital Market Supervisory Board, and the regulations of the Stock Exchange of Thailand to ensure that the transactions are reasonable and for the utmost benefit of the Company.
6. Prepare a report of the Audit Committee to be disclosed in the Company's annual report. Such report must be signed by the Chairman of the Audit Committee and must contain at least the following details:

• Opinions on the accuracy, completeness, and credibility of the Company's financial reports.
• Opinions on the sufficiency of the Company's internal control system.
• Opinions on the compliance with the law on securities and exchange SET's requirements or laws related to the Company's business operations
• Opinions on the suitability of an auditor
• Opinions on transactions that may have conflicts of interest.
• Number of the Audit Committee’s meetings and the attendance of each member of the Audit Committee
• Opinions or overall remarks received by the Audit Committee from performing their duties in accordance with the Charter
• Other items that shareholders and general investors should be aware of within the scope of duties and responsibilities assigned by the Board of Directors

7. In performing duties of the Audit Committee, if found or suspected of any of the following transactions or actions which may have a significant impact on the Company's financial position and performance, the Audit Committee shall report to the Board of Directors for improvements within the period that the Audit Committee deems appropriate.

                        (1)       Transactions that cause conflicts of interest

                        (2)       Fraud or abnormality or material defect in the internal control system

                      (3)       Violation of securities and exchange laws, regulations of the Stock Exchange of Thailand, or laws related to the Company's business.

If the Board of Directors or executives fail to make improvements within the aforementioned period, any member of the Audit Committee may report the transactions or actions to the SEC or the SET.

8. Perform any other actions as assigned by the Board of Directors with the approval of the Audit Committee.
9. Review the regulations and performance of the previous year at least once (1) a year.