Report of the Risk Management Committee

Mr. Suchart Suphayak

Chairman of Risk Management Committee

The Risk Management Committee of Muangthai Capital Public Company Limited, appointed by the Board of Directors, has a responsibility for policy formulation, a framework for risk management, supervise, and support the implementation of risk management to reduce the impact of various risk factors, both external and internal factors, including the roles and responsibilities assigned by the Board of Directors. The Risk Management Committee consisting of 3 directors as follows:

  1. Mr. Suchart Suphayak
    Chairman of Risk Management Committee
    (Independent Director)
  2. Mrs. Nongnooch Davasuwan
    Member of Risk Management Committee
    (Independent Director)
  3. Mr. Chuchart Petaumpai
    Member of Risk Management Committee

For the year ended 31 December 2021, The Risk Management Committee has performed their duties as assigned by the Board of Directors and reviewed risk issues, goals, and risk management frameworks to ensure that Muangthai Capital Public Company Limited has a risk management structure, risk management policies and measure appropriately. During the year, the Risk Management Committee has arranged the meeting to follow-up and believe the company has solved major risks to the acceptable level of criteria, so they suggested reviewing the risk issue to be more in line with the current situation. The new issues for consideration such as the impacts from the COVID-19 pandemic, changed in technology, competitive risk, regulatory risk, the risk from an increasing branch, and cost and financial ratio risk. From the follow-up meeting, found that the company has systematically controlled risks as mentioned in above with caution, prudence, and efficiency.

The Risk Management Committee has an opinion that the company has the sufficient and appropriate in risk management.