Report of the Nomination and Remuneration Committee

Adm. Apichart Pengsrithong

Chairman of the Nomination and Remuneration Committee

The Nomination and Remuneration Committee is consist of 3 independent directors having Adm. Apichart Pengsrithong taking the position of the Chairman of the committee, Mr. Suchart Suphayak, and Mr. Seauksit Petaumpai as committees. The Nomination and Remuneration Committee must recruit qualified persons by the established rules and procedures for proposing to be appointed as directors as well as considering the company’s directors to act as sub-committee and considering the form and criteria of director’s remunerations to propose to the Board of Directors and shareholder’s meeting for approval.

In 2021, The Nomination and Remuneration Committee completed their duties with strict adherence to the principles of good corporate governance for the balanced and sustainable benefit of all stakeholders.

The summary of the Nomination and Remuneration Committee’s performance in 2021 is as follows:

  1. Consider and nominate a qualified person to be the company’s directors instead of the directors who retired and propose to the Board of Directors and in line with the company’s growth.
  2. Provide an opportunity to minority shareholders can propose agendas and a list of people to be nominated as the company’s directors, 3 months before the Annual General Meeting (AGM) (from 11 October 2021 – 31 January 2022), by the principle of good corporate governance and for the overall benefit of the company and stakeholders. However, none of the shareholders propose any person to the process of selecting in the Annual General Meeting (AGM) in 2022.
  1. Consider, scrutinize and offer the remunerations of the company’s directors and sub-committee. The criterion for consideration is based on compared to other companies in the same industry, suit their duties, and linked to the overall performance of the company to be purposed to the Board of Directors before approval on the Annual General Meeting (AGM)
  2. Consider the qualified directors as sub-committees, purpose to the Board of Directors to appoint as appropriate.

In conclusion, The Nomination and Remuneration Committee has completely performed their duties as mentioned above and has an opinion that in 2021, the company’s directors and committees are knowledgeable and talented. The remunerations and other benefits are shown in the annual report are appropriate to the duties and responsibilities in line with the economic situation and the company’s overall performance.