Report of the Audit Committee 2021
Dear Shareholders of Srivichai Vejvivat Public Company Limited
The Audit Committee was appointed by the Board of Directors and comprises of 3 independent directors who are qualified according to the requirements of the Stock Exchange of Thailand and well accomplished in finance, accounting and management. The Audit Committee of Srivichai Vejvivat Public Company Limited consists of 3 independent directors as follows
| 1. Visut Montriwat, Mr |
Chairman of the Audit Committee |
| 2. Surin Premamornkit, Mr |
Member of the Audit Committee |
| 4. Porntep Siriwanarangsun, M.D.,Ph.D. |
Member of the Audit Committee |
For 2021, the Audit Committee has performed its duties as prescribed carefully and independently. The Audit Committee held 12 meetings, with discussions with internal auditors and external auditors on relevant issues, those major activities can be summarized as follows:
1. Reviewed the quarterly and annual financial statements as well as the consolidated statements of the Company and its subsidiaries in collaborations with the appointed
Auditor and executive responsible for preparing financial reports 4 times, which the Audit Committee is of the opinion that the above financial statements are complete,
accurate, credible, timely, changes that effect on the financial statement, Financial reporting standards, Accounting Practices and disclosed all relevant information adequately.
2. Considered and approved the internal audit plans. The Audit Committee has considered the assessment form The sufficiency of the internal control system stipulated by the SEC, which the opinion of the Audit Committee that the company has an adequate, appropriate and effective internal control system which not find any significant problems or flaws.
3. Review internal audit to ensure that the conduct of internal audit activities is appropriate and effective by reviewing the company. There is an independent internal audit unit approves the charter Annual audit plan, budget, review and consider the audit results together with the internal auditors. The manpower of the internal audit unit and considering the proposal, appointing, relocating, termination of employment, assessing the performance of the internal audit manager. and evaluating the performance of the secretary of the Audit Committee
4. Review and follow the company, comply with the law on securities and exchange, regulations of the Stock Exchange of Thailand and / or laws related to the business of the company. In order to prevent damages in the form of penalties, warnings and company reputation and other related laws, there is no problem or defect that will affect the reputation and financial position of the company.
5. Consider connected transactions have conflicts of interest To ensure that such transactions are reasonable and beneficial to the business of the Company and its subsidiaries and supervise the anti-corruption policy To ensure that the company complies with the policies set forth.
6. Report the performance of the Audit Committee each year to the Board of Directors for acknowledgment. The Audit Committee has performed all duties as specified in the Audit Committee Charter.
7. Considered, selected and nominated the Company’s independent auditor, present to the Board of Directors considered and approval from the shareholders' meeting. The opinion of the Audit Committee has selected auditors that the EY Office Company Limited performed the audit independently, expertise in auditing financial statements and get a good cooperation which resulted in the confidence in the financial reports that were beneficial to the audit committee.
The Audit Committee has performed its duties carefully and independently in accordance with the responsibilities assigned by the Board of Directors, and in compliance with the Charters of Independent Directors to ensure adequate and effective internal control for the benefits of the shareholders and all the stakeholders.
(Visut Montriwat)
Chairman of the Audit Committee
Srivichai Vejvivat Public Company Limited