Corporate Governance and Code of Conduct Manual 

With approval of the Board, Thaioil published its Corporate Governance and Code of Conduct Manual (CG and Code of Conduct Manual). The current version is the fifth revision, consisting of CG principles, code of conduct, anti-fraud policy, and other relevant practical guidelines. The manual are distributed to the Board, executives, and employees of Thaioil and Subsidiaries. Upon receiving, they are required to study the content and summit the “Acknowledgment Form” in CG Reporting system, as a sign of commitment to adhere to CG policy and principles. They are also subjected to comply with code of conduct in regards to whistle-blowing measures and mechanisms as well as internal audit processes. If the Directors, executives, or employees violate the corporate governance principles, they will face strict disciplinary punishment. If it is suspected that they have violated any law, regulations, rules, and requirements laid down by the government sector, they will be handed to public officials for prosecution.

Advice about CG and Code of Conduct Manual

	Study its contents
	Study the portions related to your duties and responsibilities
	Regularly and constantly review the contents and your understanding of this manual
	If your performance relates to or affects the company, share your knowledge and understanding with others
	When in doubt, consult your superior or  Whistle-Blowing Channels for monitoring compliance with the code of conduct or code of practice for the management and employees
	If you detect violation of the code of conduct, inform your superior or accountable persons
	Lend cooperation to investigations by assigned agencies or parties
	All superiors must lead in compliance with the corporate governance principles while promoting a proper work environment for employees and related parties to understand thatsuch compliance is the right thing to do

CG and Code of Conduct Manual