Notification of Changes to the Scope, Duties, and Responsibilities of the Audit Committee
The Stock Exchange of Thailand·11/13/2026 01:29:21
Form to Report on Names of Members and Scope of Work of the Audit Committee
(F24-1)
Date of shareholders/board resolution : 12-Nov-2026
The Determination/Change of which shall : 12-Nov-2026
take an effect as of
The Audit Committee is consisted of
No : 1
Audit Committee's Position : CHAIRMAN OF THE AUDIT COMMITTEE
Full Name : Mr.SAKCHAI WONGCHAISURIYA
No : 2
Audit Committee's Position : AUDIT COMMITTEE
Full Name : MissBENJAWAN PRASANSAP
No : 3
Audit Committee's Position : AUDIT COMMITTEE
Full Name : Mr.PRAYUT WIBOONSIRICHAI
No : 4
Audit Committee's Position : SECRETARY OF THE AUDIT COMMITTEE
Full Name : Mrs.PIRAYA CHANYARAK
The order of audit committee number(s) that has/have adequate expertise and
experience to review creditability of the financial reports. :
1-3
Scope of duties and responsibilities of the audit committee to the board of
director :
Duties & Responsibilities
Financial Reporting
1. Review the companys financial reporting to ensure that the information
disclosed is accurate, complete, and reliable, in accordance with financial
reporting standards. This involves coordinating with external auditors and
relevant management on both a quarterly and annual basis. The Audit Committee
may also request that the external auditors review or examine any specific items
deemed necessary or significant during the course of the companys audit.
Internal Control, Risk Management, and Anti-Corruption (CAC)
2. Review the companys internal control and risk management systems to ensure
they are appropriate, adequate, and effective, in alignment with international
frameworks (such as COSO), in consultation with both external and internal
auditors.
3. Review the companys internal control systems, measures, and risk management
processes regarding anti-corruption to ensure they are appropriate, adequate,
and consistent with the guidelines of the Thai Private Sector Collective Action
Against Corruption (CAC). This includes reviewing the self-assessment form on
anti-corruption measures, which is required for the three-year certification
renewal cycle.
4. Continuously review and monitor key risksas identified by the Risk Management
Committeeincluding risks related to cybersecurity, information technology, and
personal data protection.
5. Review the reliability and completeness of the processes for preparing and
disclosing sustainability-related information. This includes significant
non-financial information in the 56-1 One Report, as well as a review of the
adequacy of the internal control system related to such information.
6. Review and provide an opinion on the annual assessment of the adequacy of the
internal control system for submission to the Board of Directors and for
disclosure in the 56-1 One Report.
Governing Internal Audit
7. Review, screen, and approve the Internal Audit Charter on an annual basis,
and submit it to the Board of Directors for final approval. Any amendments to
the Charter must be approved by the Board of Directors before taking effect.
8. Review, screen, and approve the appointment, transfer, removal, dismissal,
and annual performance evaluation of the Chief Audit Executive (CAE) to ensure
that the internal audit function and its reporting remain independent,
impartial, and free from any management interference.
9. Approve the internal audit strategic plan, the annual risk-based audit plan,
and key performance indicators (KPIs). Additionally, assess the adequacy and
appropriateness of the budget, staffing levels, and necessary technology to
ensure that the internal audit function possesses sufficient capacity to address
risks.
10. Encourage the internal audit function to coordinate, collaborate, and share
information with external auditors and other consultants.
11. Oversee the implementation of a Quality Assurance and Improvement Program
(QAIP) within the internal audit function, which includes annual internal
self-assessments and an external quality assessment (EQA) conducted by an
independent party at least once every five years, while also monitoring the
progress of ongoing quality improvement initiatives.
Oversight of External Auditors
12. Consider, select, propose the appointment of, and propose the termination of
an independent party to serve as the Companys external auditor. This includes
recommending the auditors remuneration, taking into account the firms
credibility, the adequacy of its resources, the volume of its audit workload,
and the experience of the assigned personnel, for submission to the Board of
Directors and the shareholders' meeting.
13. Evaluate the independence, performance, and quality of the external auditor,
and assess the appropriateness of any non-audit services provided.
Compliance and Related Party Transactions (RPT)
14. Review the Companys compliance with the Securities and Exchange Act, the
regulations of the Stock Exchange of Thailand (SET), and other laws relevant to
the Companys business operations.
15. Review Related Party Transactions (RPT), potential conflicts of interest,
and material transactions involving the acquisition or disposal of assets,
ensuring they are accurate, complete, and in compliance with the law and SET
regulations. Furthermore, monitor the progress of such transactions in
coordination with management, with a particular focus on high-value, long-term
construction and development investment projects, to ensure they are reasonable
and serve the best interests of the Company.
Whistleblowing
16. Review and oversee the implementation of channels and processes for
receiving complaints and reports of misconduct (whistleblowing mechanism) from
both within and outside the organization, ensuring they are secure and
transparent. This includes establishing fair protection measures for
whistleblowers, as well as reviewing the summaries of fraud investigations and
determining internal preventive measures.
Urgent Reporting of Irregularities
17. Investigate suspicious circumstances reported by an auditorspecifically,
instances where a director, manager, or any person responsible for the companys
operations may have committed an offense under the laws governing securities and
exchange. The preliminary findings of such an investigation must be reported to
the Board of Directors, the Securities and Exchange Commission (SEC), and the
auditor within 30 days of receiving the notification. The criteria for defining
"suspicious circumstances" and the procedures for fact-finding shall be in
accordance with the regulations prescribed by law and the Capital Market
Supervisory Board.
18. In the event of significant irregularities: If any of the following
transactions or actions are discovered or suspectedwhich could have a material
impact on the companys financial position or operating resultsthe Audit
Committee shall report the matter to the Board of Directors to ensure that
corrective actions are taken within an appropriate timeframe:
-Transactions involving conflicts of interest.
-Fraud, irregularities, or significant deficiencies in the internal control
system.
-Violations of the laws governing securities and exchange, the regulations of
the Stock Exchange of Thailand, or other laws relevant to the companys business
operations.
(In the event that the Board of Directors or the management fails to implement
corrective measures within the specified timeframe...) (Any individual member of
the Audit Committee may report such transactions or actions to the Office of
the Securities and Exchange Commission (SEC) or the Stock Exchange of Thailand.)
Investigation Authority
19. The Audit Committee is empowered to conduct investigations and inquiries as
necessary. This includes the authority to engage or invite independent
professional advisors to provide opinions or counselat the companys
expensewhenever deemed necessary to ensure the effective fulfillment of its
duties and responsibilities.
Other Matters
20. Perform any other tasks as assigned by the Board of Directors and approved
by the Audit Committee.
______________________________________________________________________
The company hereby certifies that
1. The qualifications of the aforementioned members meet all the requirements of
the Stock Exchange of Thailand; and
2. The scope of duties and responsibilities of the audit committee as stated
above meet all the requirements of the Stock Exchange of Thailand
Signature _________________
( Mr.vanchai Luengviriya )
Chief Executive Officer and Managing
Director
Authorized to sign on behalf of the company
Signature _________________
( Mr.Rerngchai Rurngpayoongsak )
Director
Authorized to sign on behalf of the company
______________________________________________________________________
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