Report of the Corporate Governance Committee

The Board of Directors, realizing the importance of conducting business in accordance with the good corporate governance and all stakeholders’ benefits, deem it appropriate to have the entire Board of Directors perform the duty of the Corporate Governance Committee by adhering to the good Corporate Governance Code of the Securities and Exchange Commission and the agencies involved in corporate governance.

The Company also realized that corruption was the obstacle of the social and economic development of the country.  The Company has joined the declaration of intent and been certified for the membership of the alliance of Thai private sectors on the Collective Action against Corruption (CAC).  This reflected the Company’s commitment in conducting business with fairness, transparency, and anti-corruption in all forms both directly and indirectly.

In 2019, the Company reviewed the Corporate Governance Policy and the Code of Ethics as the framework for the Company’s personnel to perform their duties with responsibilities, moralities and ethics.  Furthermore, the Company set the policy of information disclosure and internal information use for the shareholders, investors and all stakeholders so that they can access to the Company’s information fairly and equitably.  All Directors, Executives and employees shall follow the same directions.

As a result of its intention to conduct business under the good corporate governance, the Company was evaluated from the Corporate Governance Report of Thai Listed Companies 2019 (CGR) and scored at the grade level of “Excellent” from Thai Institute of Directors.  In addition, the Company has been recruited to be the top listed in 2019 for the fifth consecutive year from Thaipat Institute which reflected the Company’s intention to perform business in accordance with the good Corporate Governance.

As the listed company, the Company is ready to continuously improve and consistently develop its good corporate governance guidelines in accordance with its business operation as well as develop its corporate governance to be equivalent to the international practices in order to build the confidence to all stakeholders and to be part of society development for the sustainable growth.

Mr. Virat Chinprapinporn

Chairman of Corporate Governance Committee