Page 68 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

4. To consider, select and nominate an independent person to be the Company's auditor,
and to propose such person's remuneration, as well as to attend a non-management meeting
with an auditor at least once a year
5. To review the Connected Transactions, or the transactions that may lead to conflicts of
interests, to ensure that they are in compliance with the laws and the Exchange's
regulations, and are reasonable and for the highest benefit of the Company
6. To prepare, and to disclose in the Company's annual report, an audit committee's report
which must be signed by the audit committee's chairman and consist of at least the
following information
a. an opinion on the accuracy, completeness and creditability of the Company's
financial report,
b. an opinion on the adequacy of the Company's internal control system,
c. an opinion on the compliance with the law on securities and exchange, the
Exchange's regulations, or the laws relating to the Company's business,
d. an opinion on the suitability of an auditor,
e. an opinion on the transactions that may lead to conflicts of interests,
f. the number of the audit committee meetings, and the attendance of such meetings
by each committee member,
g. an opinion or overview comment received by the audit committee from its
performance of duties in accordance with the charter, and
h. other transactions which, according to the audit committee's opinion, should be
known to the shareholders and general investors, subject to the scope of duties and
responsibilities assigned by the Company's board of directors; and
7. Appoint, revoke, transfer of terminate the Director of the Internal Audit Office (if any)
or employ or change the employment of other Internal Audit Offices.
8. To perform any other act as assigned by the Company's board of directors, with the
approval of the audit committee.

The Executive Board
1. Prescribe the policy, direction, strategy and structure of major management work for the
business operation of the company to respond to and support the economic and competitive
situation as prescribed and declared to the shareholders and to propose the same for
approval of the Board of Directors.
2. Prescribe business plan, budget and management power of the company and propose the
same for approval of the Board of Directors.
3. Inspect, follow up the policy and management guidelines in various aspects to determine
whether it is properly implemented to benefit the business operation of the company.
4. Inspect and follow up the results of business operations to determine whether it is in
accordance with the approved business plan.
5. Consider, as a preliminary matter, large investment projects of the company below 50
MB (if greater than 50 MB, it will be forwarded to the Board of Directors).
6. Perform other duties as being assigned by the Board of Directors from time to time.
7. In case of such matter is already prescribed in the business plan or budget duly approved
by the Board of Directors, the Executive Board shall be entitled to take any action
regardless of the amount of money involved.

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