The Corporate Governance, Risk Management and Sustainable Development Committee (the “GRSC”), as appointed by the Board of Directors, comprises four 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. The GRSC is responsible for overseeing the Company’s business operations in alignment with the principles of the Good Corporate Governance. It reviews risk management plans, processes, and strategies to manage the overall risks of the Company to stay at an acceptable level and to ensure the achievement of business objectives. The Committee, furthermore, continuously develop the Company’s risk management system, including establishment of an overarching operational plan in respect of sustainable development of the organization to support the business operations which must ensure resilience and self-development 
for sustainable and steady growth.

In 2025, the GRSC held a total of four meetings with the high-ranking Management Team. The attendance of each member of the GRSC is as follows: (1) Prof. (adjunct) Athapol Yaisawang: 4/4 meetings; (2) Mrs. Vallapa Assakul: 4/4 meetings; (3) Mr. Phongsarit Tantisuvanitchkul: 4/4 meetings; and (4) Dr. Sombat Kitjalaksana: 4/4 meetings.

The GRSC performed its duties in accordance with its designated roles and responsibilities, providing useful advice to the management in supervising and monitoring the implementation of the action plans. The key duties performed by the GRSC in 2025 can be summarized as follows:

1.    Good Corporate Governance

Monitoring and reviewing the corporate governance assessment criteria for listed companies, and considering the framework for sustainable business development. It proposed to the Board of Directors’ Meeting to review and enhance the Corporate Governance Policy and establish additional policies in order to strengthen the corporate governance to cover the sustainability issues and to prepare for international recognition and competitiveness, as follows:

•    Refining the Use of Inside Information and Securities Trading Policy and Practices to ensure clarity and compliance with applicable laws, notifications of the Office of the Securities and Exchange Commission, and other relevant rules and regulations.

•    Establishing the Employment and Labor Management Policy and Practices to ensure that the Company’s executives, staff, business partners and stakeholders are informed of and adhere to the Employment and Labor Management Practices with respect for human rights, in accordance with the Company’s sustainable development policy.

•    Establishing the Energy Saving Policy and the Environmental and Climate Change Practices to ensure that the Company’s energy consumption is efficient and optimized, while reducing environmental impacts through operational processes. Such policy and practice serve as guidelines for executives, staff, and stakeholders to implement, thereby ensuring continuous and sustainable energy conservation.

•    Reviewing and monitoring compliance with the Company’s Code of Conduct by directors, executives, and staff.  In 2025, no violations or breaches of the Company’s Code of Conduct were identified.

•    Reviewing the Company’s Code of Conduct in relation to practices on compliance with laws, rules, and regulations, as well as the promotion of compliance with the Company’s Code of Conduct by directors, executives, and staff.

2.    Risk Management

Considering reviewing and following up on the performance under the risk management plan in various aspects as follows:

•    Reviewing the corporate risk management policy and plan, monitoring and managing risks to ensure that they encompass Strategic, Operational, Financial, Compliance, Environmental, Social, and Governance (ESG) risks as well as establishing measures to manage risks to an acceptable level, both the current operational risks and emerging risks, so that they are identified in the risk management plan. 

•    Monitoring and reporting the performance results of the 2025 Risk Management Plan to the Board of Directors, noting that the Company was able to manage risks in compliance with the established plan and no issues were identified that resulted in a significant impact on the Company’s business operations. Furthermore, the GRSC approved the 2026 Risk Management Plan, which is adequate and consistent with the current business environment. This plan includes 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.

•    Monitoring the Company’s operations across various areas and reviewing risks relating to the quality of staff and insufficient manpower for supporting business expansion, the refinement of the Key Risk Indicators (KRIs), the Risk Appetite, and the range of deviation or flexibility from acceptable thresholds (Risk Tolerance). 

3.    Sustainable Development

Overseeing, supervising, monitoring, and considering the Company’s sustainable development performance to ensure a balanced and effective approach under the sustainable supply chain management framework, in alignment with the UN Global Compact principles. Furthermore, the GRSC continuously monitor and report the Company’s sustainability performance through various projects or activities with stakeholders, including performance on human rights, energy and resource management, and climate change, to the Board of Directors for acknowledgement.

With the Company’s continued commitment to adhering to the principles of the Good Corporate Governance, effective risk management, and sustainable development to maintain balance across economic, environmental, and social dimensions, the Company has received recognition and awards affirming its achievements from corporate governance and sustainability assessments in the past year, such as:

•    Corporate Governance: The Company was recognized with an “Excellent” rating in the Corporate Governance Report (CGR) survey. Furthermore, the assessment of the quality of the annual general meeting of shareholders (AGM Checklist) was rated as “Excellent and Exemplary”.

•    Sustainability: The Company received a SET ESG Rating at “AAA” level, and was selected as one of the ESG100 securities group and the ESG Emerging List. Furthermore, the Company was awarded the “ESG100 Company” Certificate.

•    Environment: The Company received the “Climate Action Excellence” award, reflecting its excellence in effective and sustainable greenhouse gas reduction, and also obtained certification for Carbon Footprint for Organization (CFO).

These awards and achievements reflect the Company’s strong dedication to driving businesses toward sustainability through tangible good corporate governance framework.