Advanced Info Service Public : Form to report on names of members and scope of work of the Audit and Risk Committee (F24-1)

Classification: Internal

F 24-1

Form to Report on Names of Members and Scope of Work of the Audit and Risk Committee

The Board of Directors meeting of Advanced Info Service Public Company Limited (the "Company") No.8/2022 held on

8 August 2022 resolved the meeting's resolutions in the following manners:

• Appointment/Renewal for the termof audit and Risk committee:

	Chairman of the audit and risk committee	Member of the audit and risk committee
	Mr. Predee Daochai Member of the audit and risk committee
	The appointment shall be effective on 9 September 2022 and the Director's term in position will be the
same as the remaining term of the position.
	Remark : Mr. Surasak Vajasit resigned from the position of the Company Director as well as the Audit
and Risk Committee before the expiry of his term effective on 1 August 2022 for a personal matter.
	Determination/Change in the scope of duties and responsibilities of the audit committee with the
following details:
	……………..…………………………………………………………………………………………………………………………………………………………
	……………..…………………………………………………………………………………………………………………………………………………………
The audit and risk committee is consisted of:
1.	Chairman of the audit and risk committee: Mr. Krairit Euchukanonchai	Remaining term 7 months
2.	Member of the audit and risk committee:	Mr. Gerado C.Ablaza, Jr.	Remaining term 1 year 7 months
3.	Member of the audit and risk committee:	Mr. Predee Daochai	Remaining term 2 years 7 months

Secretary of the audit and risk committee Mr.Montri Khongkruephan

The Committee shall supervise and oversee the Company's state of affairs, risk management, internal control and legal compliance in order to ensure that Management and executive directors, who are accountable to shareholders of the Company, execute their duties with honesty and responsibility, and in accordance with the policy of the Board of Directors accurately and the policy of the Company completely, reaching a level of standard practice. The Committee shall have the following duties and responsibilities:

1. to review of the Company's financial reports for accuracy and adequate disclosure in accordance with applicable accounting standards and financial reporting standards;
2. to review the qualifications, independence, and overall performance of the external auditors, including rotation of the external auditors and recommend to the Board on the proposal to shareholders on the appointment, reappointment or removal of the external auditors, as well as the auditor's remuneration, and to make a decision in the case where the management and the external auditors cannot agree on financial reports or audit engagement limitations;
3. to hold a meeting with the external auditor without management in attendance, at least once a year;

Classification: Internal

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1. to review the policy on the engagement of the external audit firm to provide a non-audit service to the Company;
2. to review the Company's internal control system and internal audit systems to ensure that they are suitable and effective, to determine the independence of the Office of Internal Audit, and to approve the appointment, transfer, dismissal, performance appraisal and remuneration of the Head of Internal Audit, as well as to hold a meeting with the Head of Internal Audit without management in attendance to review limitations of internal audit engagement that may impair independence;
3. to review and approve the Internal Audit Charter, annual audit plan, including budget and audit resources, and internal audit activities, as well as the Office of Internal Audit's collaboration and coordination with the external auditor;
4. to ensure that the quality of the internal audit is independently assessed every 5 years by an external assessor;
5. to review that the Company has established an appropriate and effective risk management system, and to support the Board of Directors in overseeing enterprise risks, whereby the Committee shall have the following duties and responsibilities:
6. 1. to consider the Company's enterprise risk management framework which includes risk appetite, risk capacity, and tolerance, as well as enterprise risk management, and to review adequacy of the adequacy of the enterprise risk management policy prescribed by Risk Management Committee prior to the proposal to the Board of Directors;
   2. to independently consider and advise the Board of Directors on the enterprise risk oversight to ensure appropriate risk assessment, monitoring, reporting and control activities;
   3. to assess adequacy and appropriateness of strategic risk management for the business sustainability by overseeing and balancing performance and risk taking, as well as to consider risks affecting all concerned stakeholders and persons;
7. to review that the Company complies with Thailand's Securities and Exchange Act, as well as other applicable requirements and laws;
8. to review all connected transactions and potential conflicts of interest to ensure that they are in compliance with regulators' laws and regulations, and that all transactions are reasonable and beneficial to the Company and its stakeholders;
9. to review the Company's compliance with Fraud and/or Misconduct Reporting and Whistleblower Protection Policy, consider allegations of misconduct or fraud and the investigation report quarterly, be one channel of whistleblowers to file complaints in accordance with the established policy, and review the preparation and revision of Fraud and/or Misconduct Reporting and Whistleblower Protection Guideline prior to concurrence;
10. to oversee the Company's Anti-Bribery and Corruption Policy and its programme to ensure compliance with legal and ethical obligations, as well as to review the self-evaluation form for anti-corruption

Classification: Internal

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system development for voluntary Thai Private Sector Collective Action Against Corruption (CAC) certification;

1. to prepare an Audit and Risk Committee report to be disclosed in the Company's annual report. This report must be signed by the Committee Chairman and must contain at least the following information:
2. 1. an opinion on the accuracy, completeness and credibility of the Company's financial statements;
   2. an opinion on the adequacy of the Company's internal control system and the effectiveness of risk management;
   3. an opinion on the compliance with Thailand's Securities and Exchange Act, SET's regulations, or other laws relating to the Company's business;
   4. an opinion on the suitability of an external auditor;
   5. an opinion on the transactions that may result in conflicts of interests;
   6. the number of Committee meetings, and each Committee member's attendance at such meetings;
   7. an opinion or point of view from performing the Committee's duties as prescribed in this charter; and
   8. other items that, in the Committee's opinion, should be known to the shareholders and general investors, subject to the scope of duties and responsibilities delegated by the Company's Board of Directors;
3. to find facts for matters raised by the external auditor, such as any suspicious activities that could lead to a director, manager or person in charge of the Company's operation committing an offense under the Securities and Exchange Act, and to report the preliminary investigation results to the Office of the Securities and Exchange Commission and the external auditor within thirty days of the external auditor's notification;
4. to report the Board of Directors at least four times a year on the Committee's engagement and make recommendation as needed. If the Committee finds or suspects a transaction or any of the following acts that may substantially affect the Company's financial position or operating results where performing its duties, the Committee shall report it to the Board of Directors for correction within the time frame that the Committee deems appropriate:
5. 1. a transaction that causes any conflict of interest; or
   2. any fraud, irregularity, significant deficiencies or material weaknesses in an internal control system; or
   3. violation of the Securities and Exchange Act, SET's regulations, or any law relating to the

Company's business,

If the Company's Board of Directors or management fails to make a rectification within the time frame set forth in the first paragraph, any member of the Committee may report the transaction or act to the Office of the Securities and Exchange Commission (SEC) or SET;

Classification: Internal

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1. to have the authority, in accordance with its scope of duties and responsibilities, to invite concerned executives, management and officers of the Company to express opinions, attend meetings or present documents as needed;
2. to have the authority, in accordance with its scope of duties and responsibilities, to hire consultants or experts to provide opinions or advice in order to assist them in fulfilling their obligations as needed;
3. to conduct the annual self-assessment as an individual and as a group;
4. to review this charter annually and propose to the Board of Directors for approval if changes are needed;
5. to perform other duties as assigned by the Board of Directors of the Company with the concurrence of

the Committee.

The company hereby certifies that

1. The qualifications of the aforementioned members meet all the requirements of the Stock Exchange of Thailand; and
2. The scope of duties and responsibilities of the audit and risk committee as stated above meet all the requirements of the Stock Exchange of Thailand

Signature ……………- Signed -…………………

(Mr. Somchai Lertsutiwong)

Chief Executive Officer

Advanced Info Service Plc.