Form to Report on Names of Members and Scope of Work of the
Audit Committee
The Board of Directors meeting of the Union Mosaic Industry Public
Company Limited No. 3/2551 held on August 8th, 2008 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) ................................................
(2) ................................................
(3) ................................................
(4) ................................................
, the appointment/renewal of which shall take an effect as of
(date)
[X] Determination/Change in the scope of duties and responsibilities
of the audit committee with the following details:
According to the Regulation of the Stock Exchange of Thailand
(June 9th, 2008), the scope of duties and responsibilities are
specified / changed, shall come into force on 8 August 2008.
The audit committee is consisted of:
1. Chairman of the audit committee: Mr. Sathian Sathianpanich
remaining term in office 3 years
2. Member of the audit committee: Mr. Suporn Prasandvinitchai
remaining term in office 3 years
3. Member of the audit committee: Mrs. Nopparat Runguthaisri
remaining term in office 3 years
Secretary of the audit committee: Mr. Sutta Puttitanun
Enclosed hereto is 1 copies 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. to review the Company's financial reporting process to ensure
that it is accurate and adequate;
2. to review the Company's internal control system and internal
audit system to ensure that they are suitable and efficient, to determine
an internal audit unit's independence, as well as to approve the appointment,
transfer and dismissal of the chief of an internal audit unit or any other
unit charge of an internal audit;
3. to review the Company's compliance with the law on securities
and exchange, the Exchange's regulations, and the laws relating to the
Company's business ;
4. to consider, select and nominate an independent person to be
the Company's auditor, and to propose such person's remuneration, as well
as to attend a non-management meeting with an auditor at least once a year ;
5. to review the Connected Transactions, or the transactions that
may lead to conflicts of interests, to ensure that they are in compliance
with the laws and the Exchange's regulations, and are reasonable and for
the highest benefit of the Company;
6. to prepare, and to disclose in the Company's annual report, an
audit committee's report which must be signed by the audit committee's
chairman and consist of at least the following information:
(a) an opinion on the accuracy, completeness and creditability of the
Company 's financial report,
(b) an opinion on the adequacy of the Company's internal control
system,
(c) an opinion on the compliance with the law on securities and
exchange, the Exchange's regulations, or the laws relating to the Company's
business,
(d) an opinion on the suitability of an auditor,
(e) an opinion of the transactions that may lead to conflicts of
interests,
(f) the number of the audit committee meetings, and the attendance
of such meetings by each committee member,
(g) an opinion or overview comment received by the audit committee
from its performance of duties in accordance with the charter ,and
(h) other transaction 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 Company's
board of director; and
7. to perform any other act as assigned by the Company's board
of directors; with the approval of 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 ................ President
(Miss. Paweena Laowiwatwong)
( Seal )
Signed ................. Executive Vice President
(Mr. Natchana Phenjati)
