Other Documents

Report of the Audit Committee

As at 31 October 2009, the Audit Committee comprising of Mr. Pramoon
Vichiensin, Chairman of the

Audit Committee; Pol. Gen. Boonpen Bumpenboon, Audit Committee Member;
and Mr. Sitti Leelakasamelurk, Audit Committee Member had 4 meetings in
which all the members were present. In each meeting, the certified
public accountant acting as the corporate independent auditor and
related management were invited and informed about results of the
corporate operations. Results of audits conducted by the certified
public accountant and internal auditors were reported to the Committee.

The Audit Committee reviewed the following major areas in accounting
period 2009:

Financial Statements as at 31 October 2009: Quarterly audits and annual
financial statements were reviewed. Main points were disclosed to the
Board of Directors for approval. The internal auditors, independent
auditor and management had met and discussed to ensure that the
Company’s financial statements were accurate, complete and reliable.

Corporate Governance:

The Board of Directors and management emphasize corporate governance to
enhance confidence among shareholders and all related parties. The
Nomination and Remuneration Committee has undertaken research and sought
for expert advice to improve the Company’s operations.

Related Party Transactions:

Related party transactions which may cause conflicts of interest were
reviewed and proven to be truthful and perfectly normal. This reflects
the fact that the Company has been practicing corporate governance.

Risk Management: The Board of Directors and management are well aware of
the importance of risk management. Corporate employees are regularly
trained for effective risk management. The Risk Management Committee
takes part in analyzing and establishing the complete risk management
system covering the entire organization. It is believed that the system
will be permanently beneficial to the Company and its shareholders.

Internal Control: The Audit Committee has reviewed reports on internal
audit results and monitored operating results of the Company and its
subsidiaries according to remarks and recommendations of internal
auditors. The independent auditor has approved the 2009 internal audit
plan of the internal auditors. The plan was created with possible risks
factors put in consideration. The Audit Committee has efficiently worked
in line with its charter. It has also approved the evaluation of the
chief auditor’s performance

For the corporate Financial Statements 2010, the Audit committee
proposed to the annual general meeting Ms. Sansanee Poolsawat, Certified
Public Accountant (Thailand) Number 6977 of Sam Nak-Gnan A.M.C Co., Ltd.
as an independent auditor.

On behalf of the Audit Committee:

(Mr. Pramoon Vichiensin)

Chairman of the Audit Committee

Report of the Nomination and Remuneration Committee

The Nomination and Remuneration Committee was appointed by the Board of
Directors. Its term of office is two years. The Committees have been
re-appointed for another term starting from November 1, 2008 to October
31, 2010 The following are three members of the committee:

1. Pol. Gen. Boonpen Bumpenboon Chairman

2. Mr. Pramoon Vichiensin Director

3. Ms. Duangdao Chinthammit Director

The Remuneration and Nomination Committee is in charge of seeking
qualified individuals to serve as directors in corporate Board of
Directors and committees appointed by the Board directly. It also
engages in considering corporate directors’ remunerations and proposing
them to the Board. In 2009 (November 1, 2008 to October 31, 2009), the
Nomination and Remuneration Committee had two meetings No.1/2009 on
September 1, 2009 and No.2/2009 on October 13, 2009 .

In proposing individuals to serve as directors in the Board of Directors
and committees, the Nomination and Remuneration Committee considers
their qualifications, knowledge, competency, skills, experiences,
expertise in various fields, leadership, vision, and attitudes that are
supportive to the Company’s operations. The committee also ensures that
the size, structure and components of the Board of Directors are
sufficient for corporate governance and effective management, as well as
in line with the government’s legislation and dynamic environments.

To determine remunerations for the Board and committees, the Nomination
and Remuneration Committee considers their responsibilities,
assignments, works, corporate operating results, business environments,
other factors that may affect the Company’s businesses, and the economy.

As at October 31, 2009, the Board of Directors is composed of 4
independent directors, 2 non-executive directors and 12 executive
directors. Directors and executives’ remunerations shown in the
Remunerations of the Board of Directors and Executives in 2009 section
have been reviewed and considered to be appropriate by the Nomination
and Remuneration Committee. Such remunerations have been further
considered and approved by the Board of Directors.

  (Pol. Gen. Boonpen Bumpenboon)

Chairman of the Nomination and Remuneration Committee

Report of the Risk Management Committee

The Risk Management Committee comprises of Mr. Somchat
Chinthammit--Chairman of the Risk Management Committee, Mr. Sitti
Leelakasemlurk and Mr. Chalush Chinthammit, and directors of the Risk
Management Committee.

As at 31 October 2009 the Risk Management Committee had 3 meetings where
all of the committee members were physically present. The Committee
reviewed risks and effects from internal and external factors including
the Company's finance, reputation, operations, customer satisfaction and
employees. To outline risk management policies and establish risk
management system, it has carried out studies and consulted risk
management advisors. Employees and management were trained by experts
for primary risk management.

In the previous year, the Risk Management Committee closely monitored
and considered adequacy and suitability of corporate risk management.
Reports were regularly presented to the Board of Directors to ensure
confidence in the Company's operations.

(Mr. Somchat Chinthammit)

Chairman of the Risk Management Committee