SET Announcements

Change of director/Executive F 24-1 Form to Report on Names of Members and Scope of Work of the Audit Committee The Board of Directors meetings of CH. KARNCHANG PUBLIC COMPANY LIMITED No. 5/2014 held on October 13, 2014 (date) resolved the meeting's resolutions in the following manners: Appointment of the audit committee/Renewal for the term of audit committee: Chairman of the audit committee Member of the audit committee As follows: (1) ? Mr. Pavich Tongroach ????????????????? (2) ??????????????????????????????? (3) ??????????????????????????????? (4) ??????????????????????????????? The appointment/renewal of which shall take an effect as of ? 13 October 2014 ?.. Determination/Change in the scope of duties and responsibilities of the audit committee with the following details: ?????????????????????????????????????????????????????? ?????????????????????????????????????????????????????? ?????????????????????????????????????????????????????? ?????????????????????????????????????????????????????? the determination/change of which shall take an effect as of ???(date)?????? The audit committee is consisted of: 1. Chairman of the audit committee Mr. Vitoon Tejatussanasoontorn 2 years and 7 months remaining term in office 2. Member of the audit committee Mr. Thawansak Sukhawun 1 year and 3 months remaining term in office 3. Member of the audit committee Mr. Pavich Tongroach 2 years and 7 months remaining term in office Secretary of the audit committee, Mr. Wiboon Ungapipathanachai Enclosed hereto is a copy of the certificate and biography of the audit committee. The audit committee number 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) Reviewing to ensure that the Company's financial reports are accurate and adequate; (2) Reviewing to ensure that the Company's internal control and internal audit systems are suitable and effective, considering the independence of the internal audit unit as well as providing opinions on consideration for appointment, transfer, termination of employment of head of the internal audit unit or any other unit responsible for the internal audit; (3) Reviewing to ensure the Company's performance in compliance with the securities and exchange law, requirements of the Stock Exchange and the laws relating to the Company's business; (4) Considering, selecting, submitting for appointment and termination of employment of person who is independent to serve as the Company's auditor, proposing remuneration of such person as well as meeting with the auditor without the management team at least once a year; (5) Considering connected transactions or transactions which may have conflict of interest in compliance with the laws and requirements of the Stock Exchange in order to ensure that such transactions are justified and of the utmost benefit to the Company; (6) Preparing reports of the Audit Committee to be disclosed in the Company's Annual Report, whereby such reports must be signed by the Chairman of the Audit Committee and be comprised of at least the following information: a. opinions on correctness, completeness, and reliability of the Company's financial reports; b. opinions on adequacy of the Company's internal control system; c. opinions on compliance with the securities and exchange law, requirements of the Stock Exchange or laws relating to the Company's business; d. opinions on appropriateness of the auditor; e. opinions on transactions which may have conflict of interest; f. number of meetings of the Audit Committee and attendance of each Audit Committee member; g. overall opinions or observations by the Audit Committee from the performance of duties in accordance with the charter; h. other matters that should be informed to shareholders and general investors within the scope of the authority and responsibilities assigned by the Board of Directors. (7) Performing any other activities as assigned by the Board of Directors of the Company and approved by the Audit 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 committee as stated above meet all the requirements of the Stock Exchange of Thailand. Signed ??= Signature =?? Director ( Mr. Plew Trivisvavet ) (Seal) Signed ??= Signature =??. Director ( Mr. Narong Sangsuriya ) Remark: (4) Added the word to make clear in the scope of duties of the Audit Committee in accordance with the Principles of Corporate Governance of Thai Listed Companies. ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.