Singha Estate Public : Appointment of an Independent Director and the Chairman of the Audit Committee

(English Translation)

ComSec-02/2022/012

8 July 2022

Subject: Appointment of an Independent Director and the Chairman of the Audit Committee

To:	The President
	The Stock Exchange of Thailand

Singha Estate Public Company Limited (the "Company") would like to inform you that the Board of Directors' Meeting No. 5/2022 dated 8 July 2022 has resolved to approve the appointment of Mr. Prasan Chuaphanich as the Company's independent director and Chairman of the Audit Committee in replacement of the resigned director with an effect from 8 July 2022 onwards.

At present, the Board of Directors consists of:

1.	Mr. Chutinant Bhirombhakdi	Chairperson of the Board of Directors
2.	Mr. Prasan Chuaphanich	Independent Director and Chairperson of Audit
		Committee
3.	Mr. Charamporn Jotikasthira	Independent Director, Chairperson of Risk
		Management Committee and Member of Audit
		Committee
4.	Mr. Petipong Pungbun Na Ayudhya	Independent Director, Chairperson of Corporate
		Governance and Sustainable Development
		Committee and Member of Risk Management
		Committee
5.	Mr. Karoon Nuntileepong	Independent Director, Member of Audit Committee
		and Member of Nomination and Remuneration
		Committee
6.	Asst. Prof. Thanavath Phonvichai, Ph.D.	Independent Director and Member of Nomination
		and Remuneration Committee
7.	Mr. Chayanin Debhakam, D.B.A.	Director, Chairperson of Executive Committee,
		Chairperson of Nomination and Renumeration
		Committee and Member of Corporate Governance
		and Sustainable Development Committee

8.	Mr. Nutchdhawattana Silpavittayakul	Director and Member of Corporate Governance
		and Sustainable Development Committee
9.	Mr. Don Boonman	Director and Member of Executive Committee
10.	Mrs. Thitima Rungkwansiriroj	Director, Member of Executive Committee, Member
		of Corporate Governance and Sustainable

Development Committee, Member of Risk

Management Committee and the Chief Executive

Officer

Please be informed accordingly, Yours sincerely,

Singha Estate Public Company Limited - Signature -

(Mr. Chairath Sivapornpan)

Chief Financial Officer and Company Secretary

Company Secretary Department

Telephone	0 2050 5555 ต่อ512 - 515
Facsimile	0 2617 6444-5
Email	[e-mail]

2

F 24-1

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

The Board of Director's meeting /shareholders meetingof Singha Estate Public Company Limited No. 5/2022 held on 8 July 2022 resolved the meeting's resolutions in the following manners:

• Appointment of the audit committee/Renewal for the term of audit committee:

	Chairperson of the audit committee	 Member of the audit committee
As	follows:

1. Mr. Prasan Chuaphanich
   (2)
   (3)
   (4)
   , the appointment/renewal of which shall take an effect as of 8 July 2022.

Determination/Change in the scope of duties and responsibilities of the audit committee with the following details:

No Change

, the determination/change of which shall take an effect as of

(date)

The audit committee is consisted of:

1. Chairperson of the audit committee Mr. Prasan Chuaphanich remaining term in office 9 months.
2. Member of the audit committee Mr. Karoon Nuntileepong remaining term in office 2 years and 9 months.
3. Member of the audit committee Mr. Charamporn Jotikasthira remaining term in office 1 years and 9 months. Secretary of the audit committee Ms. Patchanee Tangjitjaroen - Vice President, Internal Audit

Enclosed hereto is - copies of the certificate and biography of the audit committee. The audit committee number(s) 1 has adequate expertise and experience to review creditability of the financial reports.

The audit committee of the company has the scope of duties and responsibilities to the Board of Director on the following matters:

1. Annually review the Audit Committee's Charter to consider the specified responsibilities of the Committee and propose revision as needed to the Board of Directors for approval.
2. Review the Company's financial reporting process to ensure that it is accurate and such information is adequately disclosed.

2

1. Review the Company's internal control system and internal audit system to ensure that they are suitable and efficient, to consider if the independence of the internal audit is sustained, as well as approving appointment, transfer and dismissal of the head of Internal Audit or any other units in charge of Internal Audit or approving engagement of an external auditor.
2. Review the Company's compliance with laws on securities and exchange, the Stock Exchange of Thailand's regulations, and other laws relating to the Company's business.
3. Consider, select, nominate, and terminate independent persons to act as an external auditor of the Company and propose their remuneration, and to attend at least one meeting a year with the external auditor without the management's presence.
4. Approve the "Internal Control System Sufficiency Evaluation Form" as reviewed and evaluated by internal audit to ensure sufficiency and suitability of the internal control system.
5. Review Internal Audit's performance outcomes and approve the annual internal audit plan and changes of such plans, subject to the assessment outcomes of enterprise risk management.
6. Review connected transactions or transactions that may lead to conflicts of interests to ensure that they are in compliance with the laws and Stock Exchange of Thailand's regulations and are reasonable and made in the best interests of the Company.
7. Prepare and disclose in the Company's annual report and Audit Committee report which must be signed off by the Chairperson of the Audit Committee and consist of at least the following information:
   9.1) an opinion on the accuracy, completeness, and creditability of the Company's financial reports
   9.2) an opinion on the adequacy of the Company's internal control system
   9.3) an opinion on the compliance with laws on securities and exchange, the Stock Exchange of Thailand's regulations, or laws relating to the Company's business
   9.4) an opinion on the suitability of the external auditor
   9.5) an opinion of the transactions that may lead to conflicts of interests
   9.6) the number of the Audit Committee's meetings and the attendance of such meetings by each committee member
   9.7) an opinion or overview comment received by the Audit Committee on its performance of duties in accordance with the charter
   9.8) 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 Board of Directors
8. Perform any other act as assigned by the Board of Directors, with the approval of the Audit Committee.

3

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 committee as stated above meet all the requirements of the Stock Exchange of Thailand.

Signed	- Chayanin Debhakam -	Director
	(Mr. Chayanin Debhakam, D.B.A.)
(Seal)
Signed	- Mrs. Thitima Rungkwansiriroj -	Director
	(Mrs. Thitima Rungkwansiriroj)