The Corporate Governance, Risk Management and Sustainable Development Committee (the “GRSC”), as appointed by the Board of Directors, is comprised of four highly qualified directors, in which Prof. (adjunct) Athapol Yaisawang, who is an independent director, serves as Chairman of the GRSC, Mrs. Vallapa Assakul, Mr. Phongsarit Tantisuvanitchkul and Dr. Sombat Kitjalaksana serve as GRSC Members, responsible for overseeing the Company’s business operations in accordance with the principles of good corporate governance as well as considering risk management plans, processes and strategies used in risk management to manage the overall risks of the Company to stay at an acceptable level; attain business goals and continuously develop the Company’s risk management system including establishment of an operational plan in respect of sustainable development of the organization as a whole to support the business operations which must ensure resilience and self-development for the sustainable and steady growth.

In 2024, the GRSC held its three meetings with the high-ranking Management Team, with each member of the GRSC attending its meetings as follows: (1)  Prof. (adjunct) Athapol Yaisawang (attended three out of three meetings); (2) Mrs. Vallapa Assakul (attended two out of three meetings); (3) Mr. Phongsarit Tantisuvanitchkul (attended three out of three meetings); and(4) Dr. Sombat Kitjalaksana (attended three out of three meetings).  

The GRSC has performed its duties and provided useful opinions to the management in supervising and monitoring the implementation of the action plans.  In 2024, the essence of the performance of its duties can be summarized as follows:

1.    Corporate Governance

Monitoring and reviewing the corporate governance evaluation criteria for listed companies, considering the framework for sustainable business development, and proposing it to the Board of Directors’ Meeting for consideration of reviewing and improvement. This includes revising the Corporate Governance Policy and establishing additional policies in order to strengthen the governance to cover the sustainability issues and to prepare for international recognition and competition, as follows:

• Reviewing the Charter of the Board of Directors and the Charter of the GRSC to oversee and monitor operations by taking into account the environment and mitigation of potential impacts from climate change, as well as developing stakeholder care procedures throughout the Company’s business value chain to ensure that their  human rights protection is upheld, including developing processes for occupational health and safety of service users, employees, and stakeholders across the Company’s business value chain.
• Reviewing and updating the Information Security Policy to ensure the confidentiality, accuracy, integrity, and availability of data.
• Reviewing the Data/Information Disclosure Policy to ensure that the Company’s important information, both financial and non-financial, is disclosed correctly, completely, adequately, and within an appropriate time.
• Establishing anti-corruption practices to be used as guidelines for the Board of Directors, staff, and related parties to prevent corruption from the performance of duties of related parties at every step of the operation.
• Reviewing the effectiveness of the Company’s Code of Conduct to ensure its appropriateness and consistency with the business environment. It was deemed that the Company’s Code of Conduct remained effective, consistent, and complete for current business operations.

• Reviewing the corporate risk management policy and plan, monitoring and managing risks to ensure that they encompass issues relating to strategy, operation, finance, compliance, environment, social, and governance (ESG Risk) risks as well as establishing measures to manage risks to an acceptable level, both the Company’s current business operation risks and emerging risks, so that they are specified inthe risk management plan. 
• Monitoring and reporting to the Board of Directors on the results of operations in accordance with the 2024 risk management plan, in which the Company was able to manage risks in compliance with the established plan, no significant impact on the Company’s business operations was found, as well as approving the 2025 risk management plan, which is adequate and consistent with the current business circumstances, as well as having appropriate action plans and methods to manage risks in place through the evaluation of the degree of impact on the Company’s business operations and  the likelihood of risks occurring based on the current circumstances and those that are expected to emerge in the future, and formulating measures to manage risks to an appropriate and acceptable level.