Page 369 - 56-1 One Report 2022 EN

Attachment 5 Annual Sub-Committees Report

Audit and Risk Committee Report 2022

To: the Shareholders of Thaicom Plc.
The Audit and Risk Committee of Thaicom PLC. (“the Committee”) was appointed by a resolution of the Board of
Directors (“the BOD”) with the main purpose to assist the BOD in fulfilling its oversight duties. The Committee
performed its duties in accordance with the defined roles and responsibilities set forth in the Audit and Risk
Committee Charter approved by the BOD. The charter can be viewed under the “Corporate Governance” section
on the Company’s website at www.thaicom.net.
The Audit and Risk Committee consists of three independent directors, namely Dr. Porametee Vimolsiri as the
Chairman of the Audit and Risk Committee, Mr. Somchai Jinnovart, and Mr. Kanit Vallayapet as members. The
.
Secretary to the Committee is Ms Nonglak Akkarakahasin, who also serves as the Head of Internal Audit. All the
Committee’ s members meet the qualifications set by the Capital Market Supervisory Board of Thailand.
Dr. Porametee Vimolsiri and Mr. Somchai Jinnovart have considerable knowledge and experience in accounting
and finance.
During the year 2022, the Audit and Risk Committee held a total of eight (8 meetings with the participation of the
)
Company’s management, and the external auditor, as invited by the Committee when it was considered appropriate.
Details of meeting attendance of the Committee’s members are as follows:

Name of Directors Position Meeting Attended /
Total Meetings (Time)
1. Dr. Porametee Vimolsiri Chairman of the Audit and Risk Committee 8/8
2. Mr. Somchai Jinnovart Member of the Audit and Risk Committee 8/8
(1)
3. Mr. Kanit Vallayapet Member of the Audit and Risk Committee 4/5
Remarks
(1)
Mr. Kanit Vallayapet was appointed as a Member of the Audit and Risk Committee, effective 6 May 2022 to replace the previous Audit
and Risk Committee member who resigned.

The Committee reported its performance and recommendations to the BOD on a quarterly basis and the
Committee’s significant activities for the year 2022 have been summarized below.
:
1. Financial Reporting The Committee reviewed the Company’s interim and annual financial statements for the
year 2022, including the disclosure of information in the attached notes In addition, the Committee, the
.
management, and the external auditors discussed compliance with the applicable financial reporting standard,
key estimates and judgments applied to the financial statements, significant accounting issues, and key audit
matters highlighted in the external auditor’s report.
The Committee made recommendations on important matters, such as the timeliness of information disclosure
in the financial statements to prevent the risks arising from the use of inside information, guidelines on the use
of alternative reference rates after interest rate benchmark reform, and impairment assessment of the satellites.
These will help to ensure that the financial statements were prepared in accordance with the Thai Financial
reporting standards and the disclosure of information is adequate, timely, and useful for financial reports users.

Attachment 5 Page 1