Committee

The Board of Directors has appointed specialized committees to screen aspects of its work
under assigned scopes, prescribing their qualifications, terms, duties, and responsibilities in a charter.

Lieutenant General Apichat Chaiyadar

Independent Director
Chairman of the Audit Committee
Member of the Nomination and Remuneration Committee

Police Captain Piya Raksakul

Independent Director
Chairman of the Corporate Governance and Sustainability Committee
Member of the Audit Committee

Mrs. Pantip Sripimol

Independent Director
Member of the Audit Committee

Committee Charter

As part of good corporate governance and to foster confidence and trust among Thaioil’s investors and stakeholders, the Risk Management Committee was established by Thaioil’s Board of Directors. This committee is responsible for establishing and implementing a suitable and practical risk management framework for efficient business management, ensuring compliance with international standards throughout Thaioil Group. Effective risk management is essential for achieving Thaioil’s business objectives amid volatile industrial, economic, and political conditions. The Risk Management Committee will also support the Board of Directors in overseeing risk management activities.

Audit Committee Charter

Police Lieutenant General Thiti Sangsawang

Independent Director
Chairman of the Nomination and Remuneration Committee
Member of Corporate Governance
and Sustainability Committee

Lieutenant General Apichat Chaiyadar

Independent Director
Chairman of the Audit Committee
Member of the Nomination and Remuneration Committee

Committee Charter

Through the Board of Directors Meeting No. 8/2005 on November 11, 2005, the Board of Directors of Thaioil Public Company Limited passed the resolution to the establishment of the Nomination and Remuneration Committee, with an aim to have the independent directors as members of the committee. The committee has the duty in considering rules and procedures for recruiting qualified personnel to take position as directors and senior executives, in accordance with the required recruiting process. This process entails the submission of opinion to the Board of Directors for consideration prior to the approval of the appointment in the Annual General Meeting of Shareholders. At this stage, the shareholders will appoint the members of the committee, consider the criteria and forms of remuneration of directors and senior executives, and offer opinions to the Board of Directors for further consideration.

Nomination and Remuneration Committee Charter

Police Captain Piya Raksakul

Independent Director
Chairman of the Corporate Governance
and Sustainability Committee
Member of the Audit Committee

Police Lieutenant General Thiti Sangsawang

Independent Director
Chairman of the Nomination and Remuneration Committee
Member of Corporate Governance
and Sustainability Committee

Mr. Prajuck Boonyoung

Director
Member of the Corporate Governance and Sustainability Committee

Committee Charter

The meeting of the Board of Directors has established Corporate Governance Committee, with an aim to have the independent directors support the performance of the Board of Directors. The Committee also determines the corporate governance and sustainability policy as well as the Company’s guidelines in various aspects in line with the corporate governance and sustainability, which is an international code for listed companies in pursuit of secure growth and sustainability embracing three aspects: Environment, Social, and Governance (ESG). To achieve these, such companies should operate with morality, efficiency, transparency, accountability, and socio-environmental responsibility, thus promoting a corporate culture that enhances confidence among shareholders, investors, stakeholders, and all related parties. In 2022, the Board of Directors, has approved the amendment of Corporate Governance Committee Charter which changed the name of Committee from “Corporate Governance Committee” to “Corporate Governance and Sustainability Committee” as to reflect their roles and duties in overseeing sustainability matters.

Corporate Governance and Sustainability Committee Charter

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Ms. Phenrasmi Bhuritdhanalert

Director
Member of the Risk Management Committee

Dr. Sompop Pattanariyankool

Director
Member of the Risk Management Committee

Ms. Pattaralada Sa-ngasang

Director
Member of the Risk Management Committee

Mr. Bandhit Thamprajamchit

Chief Executive Officer and President,
Acting Executive Vice President-Corporate Governance and Sustainability

Committee Charter

As part of good corporate governance and to build confidence and trust among the Company’s investors and stakeholders, the Risk Management Committee was established by Thaioil’s Board of Directors and is responsible for establishing and implementing a risk management framework that is suitable and practical for efficient business management, as well as meeting international standards throughout the organization (including the Company and its subsidiaries) as risk management is an essential tool in supporting the Company to achieve its business objectives under the volatile industrial, economic, and political situations. The Risk Management Committee will also support the Board of Directors in the overseeing of risk management activities.