Report of the Nomination and Remuneration Committee

(Adm. Apichart Pengsritong)

Chairman of the Nomination and Remuneration Committee

The nomination and Remuneration Committee consists of 3 independent directors, with Admiral Apichat Pengsrithong as the Chairman and Dr. Yothin Anavil and Dr. Suksit Petchampai are the directors. The defined process to propose to be appointed as a director as well as the selection of the Company's directors to act as sub-committee members. This includes considering the format and principles of the directors' remuneration criteria to present to the Board of Directors And the shareholders' meeting respectively.

In 2020, the Nomination and Remuneration Committee has performed all duties as assigned by the Board of Directors by strictly adhering to the principles of good corporate governance. This is to balance the benefits of all stakeholders sustainably. The summary of the essentials of the Nominating Committee's work in the year 2020 as follows:

  1. Consider recruiting qualified persons to take the position of the Company's directors. And to replace the directors who retired by rotation. Also, to present to the Board of Directors Consider appointment to have enough directors and in line with the company's growth.
  2. Opportunities for small shareholders are a proponent of the agenda of the meeting. Also, the names of persons nominated as directors of the Company before the 2021 Annual General Meeting of Shareholders 3 months in advance. The period is from 19 November 2020 to 31 January 2021. To comply with the principles of good corporate governance and the overall benefit of the company as all stakeholders is important. It appeared that no shareholders nominated persons to enter the nomination process for the directors at the 2021 Annual General Meeting of Shareholders.
  1. Considering, screening and proposing the remuneration to the Board of Directors and committees in comparison with other companies in the same industry. This is to suit the duties and responsibilities of the directors. As it is linked with the overall performance of the company, in accordance with a basis for consideration. Then, to propose to the Board of Directors for approval before proposing to the Annual General Meeting of Shareholders for approval.
  2. To consider and nominate qualified directors to be members of the sub-committee. Moreover, to present to the Board of Directors Consider and appoint as appropriate.

In summary, the Nomination and Remuneration Committee has performed the above duties according to their roles. Including, responsibilities assigned by the Board of Directors. According to the opinion in 2020 acknowledge that the Company's directors and various sub-committees are knowledgeable, competent, and considering remuneration which is disclosed in the annual report. They are suitable for duties and responsibilities In line with economic conditions, and the overall performance of the company.