Report of the Nomination and Remuneration Committee

In 2019, the Nomination and Remuneration Committee performed its duties in nominating 3 directors to replace a director who left office at the annual general meeting of shareholders for the year 2019, namely (1) Mr. Somchainuk Engtrakul, Chairman of the Board of Directors/Independent Director (2) Mr. Vicha Poolvaraluk, Chief Executive Director/Director and (3) Mr. Vichai Poolvaraluk, Director.

The committee considered the qualification, knowledge, capability, experience, good work history, and ethic. As a result, the 3 directors were nominated to be re-elected, which was approved by the board of directors and the Annual General Shareholder’s Meeting.

And performed its duties in setting remunerations for the Board of Director and sub-committees namely Audit Committee, Executive Committee and Nomination and Remuneration Committee who were not the company’s executives or employees by considering their duties, scope of responsibilities, which were equal to the remunerations paid to directors in listed companies of the same size and in the same industry, as well as considering the company’s performance, business environment and the overall economy. The remunerations were submitted to the board of directors and the annual general meeting of the shareholders for approval. In 2019, the nomination and remuneration committee convened one time.

The Nomination and Remuneration Committee performed its assignments with prudence, transparency and independence in accordance with good corporate governance and in the interest of the company and all stakeholders. This practice was in line with the policy and criteria of the Nomination and Remuneration Committee.

Mr. Kraithip Krairiksh

Chairman of the Nomination and Remuneration Committee