Nok Airlines pcl

09/13/2017 | Press release | Distributed by Public on 09/13/2017 06:24

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

F 24-1

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

  1. The Special Board of Directors Meeting no. 5/2017 of Nok Airlines Public Company Limited ("the Company") held on 11 September 2017 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) Ms. Chiraporn Chemnasiri (2)

(3)

(4)

, the appointment/renewal of which shall taken an effect as on 11 September 2017

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

. -

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

The audit Committee is consisted of:

  1. Chairman of the audit committee Mr.Visit Tantisunthorn remain term in office 1 year

  2. Member of the audit committee Mr.Apichart Chirabandhu remain term in office 3 year

  3. Member of the audit committee Mrs.Suphajee Suthumpun remain term in office 2 year

  4. Member of the audit committee Ms.Chiraporn Chemnasiri remain term in office 3 year Secretary of the audit committee Mr. Thanabhat Wongwit

Enclosed hereto is 1 copy of the Certificate and Biography of the Audit committed. Ms.Chiraporn Chemnasiri (Member no.4 ), has enough competency and experience to review creditability of the Company's financial statement.

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

  1. To review that the Company has accurately and adequately reported its financial statements.

  2. To review that the Company's has an effective and appropriate internal control and internal audit system; to review the independence of the internal audit unit and to approve the appointment, transfer and termination of chief of the internal audit unit and/or the hiring of an internal audit company or any other agency to be responsible for the internal audit.

  3. To review that the Company has duty complied with the laws on securities and exchange, the stock exchange's requirements and the laws relating to the firm's business.

  4. To review, select and nominate an independent individual to be the Company's auditor and to propose his/her remuneration; to attend the meeting with the auditor with no management presence at least once a year.

  5. To review a connected transaction or any transaction at arm's length basis to underline its legal compliance and compliance with the stock exchange's requirement; this is to ensure that the transaction is reasonable and for the Company's best interest.

  6. To prepare the Audit Committee's report by disclosing it in the Company's Annual Report. The report shall be signed by the Audit Committee Chairman and include at least the following information:

  7. Opinions on the accuracy, completeness and reliability of the financial statements

  8. Opinions about the sufficiency of the Company's internal control system

  9. Opinions about the compliance to the laws related to the securities and securities, regulations of the Stock Exchange of Thailand (SET) or laws related to the Company's business

  10. Opinions about the appropriateness of the auditor

  11. Opinions about related transactions that may have conflict of interest

  12. Number of Audit Committee meetings and attendance of individual Audit Committee member

  13. Collective opinions or notices of the Audit Committee after performing its duties in accordance with the Audit Committee Charter

  14. Other items that shareholders or general investors should know within the scope of responsibility assigned by the Board of Directors

  15. In performing its duty, if the Audit Committee finds or has doubts that there is one of the following items or actions which may have significant impact on the financial status or the Company's operating performance, the Audit Committee must report to the Board of Director for correction within the time frame set by the Audit Committee.

  16. Items causing conflict of interest

  17. Fraudulent action or irregularities or significant mistakes in the internal control system

  18. Breach of law on securities and the security exchange, the regulations of the Stock Exchange of Thailand and laws related to the Company's business

  19. 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

    (Seal)

    Signed -Signed- Director ( Mr. Teerapol Chotichanapibal )

    Signed -Signed- Director ( Mr. Patee Sarasin )