Message from the Chairman

In 2018, the Audit Committee has fulfilled its mission as assigned by the Board of Directors and the Charter of the Audit Committee. The Audit Committee has 4 meetings with senior management, auditors and internal auditors. The matters that the Audit Committee has considered and operated can be summarized as follows:

The Audit Committee reviewed financial statements of the Company quarterly and annually and has invited auditors to attend all meetings with agendas to review quarterly and annual financial statements.

The Audit Committee has reviewed the financial statements by asking advices from the auditors for the accuracy and completeness of the financial statements. There were enough adequacies of financial statement disclosures affecting the financial statements to ensure that the preparation of financial statements in accordance with applicable law and International Financial Reporting Standards and generally accepted accounting principles. The Audit Committee has agreed with the auditors that the financial statements are accurate and meet financial reporting standards.

The Audit Committee was responsible for internal control and internal audit The Audit Committee reviewed the Company’s internal control system and internal audit to be appropriate and effective, prevented the occurrence of conflict or violation of laws and regulations of the company. The Audit Committee provided recommendations to management to ensure that the operations are concise, thorough and accurate and monitor and improve the recommendations of the result of examination of the internal and external auditors to provide for a more efficient and effective. The Audit Committee is of the opinion that the internal control Is adequate and no issue was found to be significant.
In the year 2019, the Audit Committee has considered the selection Ms. Ruthai Chanok Supapong from Dharmniti Internal Audit Company Limited is the company’s internal auditor. Which is a certified public accountant approved by the Office of the SEC with internal audit duties Including giving suggestions to the company In order to amend the operations to be transparent with consistent with the principles of good corporate governance.
Compliance with the Securities and Exchange Act Regulations of the Stock Exchange of Thailand and laws relating to the business of the company The Audit Committee has reviewed the compliance with the Securities and Exchange Act. Regulations of the Stock Exchange of Thailand And laws related to the company’s business The Audit Committee is of the opinion that the Company has complied with the said law. Without finding any significant defects

The Audit committee selected auditors and determine their remunerations by considering the quality and status of Auditors with significant restrictions or regulations of SET or other related organizations and have constructive dialogue between the Committee and the auditors of the Company. On a quarterly basis to discuss the audit and discuss the findings of the inspection and find ways to resolve issues.However, The Audit Committee has considered the performance of the external auditor, Mr. Ampol Chamnongwat, Miss Prapasi Leelasupa, Mr.Naris Saowalaksakul from SAM NAK- NGAN A.M.C. Co., Ltd. for the past accounting period and determined the remuneration of the auditor before presenting him to the Board of Directors for approval. The General Meeting of Shareholders of 2018 appointed, Mr.Ampol Chamnongwat, MissPrapasi Leelasupa, Mr.Naris Saowalaksakul from SAM NAK – NGAN A.M.C. Co., Ltd. to be CPA as the auditors of the Company.

Risk management Board of Directors And the management has given importance and caution to the risk management of the company As well as giving advice and suggestions to improve In 2018, the Risk Management Working Group was appointed at the management level. To monitor and manage risk management and internal control systems throughout the organization for efficiency By organizing a team meeting once a quarter to jointly assess and review risks Create risk management plans, control, follow up and evaluate

The Audit Committee has considered and commented on related transaction or transaction with conflict of interest to determine whether the transaction is fair and reasonable according to the criteria of SET and SEC by taking into account the interests of stakeholders every quarter regularly.

Corporate Social Responsibility The board of directors and management recognizes the importance with corporate social responsibility, has set up a Corporate Social Responsibility Committee to consider and propose the policy, plan and sustainability strategy and corporate social responsibility including to communication to employee to understanding at all levels thoroughly. And is responsible for monitor operation plan for company sustainable development and to review the effectiveness to the Board of Directors to acknowledge and determine the matter involved.