Attached 3

(Chief of Office of Internal Audit)

3.2 Chief of Office of Internal Audit profile

+-----------------+----------------------------------------------------+
| Name – Surname  | Mrs. Nongyao Apirum                                |
|                 |                                                    |
| Position        | Chief of Section Office of Internal Audit          |
|                 |                                                    |
| Appointment     | 4 July 2002                                        |
| date            |                                                    |
|                 | 49                                                 |
| Age             |                                                    |
|                 | Bachelor of Business Administration                |
| Education       |                                                    |
| Degree          | Sukhothai Thammathirat Open University             |
|                 |                                                    |
| Training        | Fundamentals for New Internal Audit Course 1       |
|                 |                                                    |
| % of Holding    | Fundamentals for New Internal Audit Course 2       |
|                 |                                                    |
| Relations       | Federation of Accounting Professions Under the     |
|                 | Royal Patronage of His                             |
| Working         |                                                    |
| Experience      | Majesty the King                                   |
|                 |                                                    |
|                 | Audit Report Writing                               |
|                 |                                                    |
|                 | Risk Based Audit , Certified Professional Internal |
|                 | Audit of Thailand (CPIAT-18)                       |
|                 |                                                    |
|                 | The Corporate Risk Management COSO-ERM             |
|                 |                                                    |
|                 | Internal Controls on Financial Report              |
|                 |                                                    |
|                 | The Institute of Internal Auditor of Thailand      |
|                 |                                                    |
|                 | None                                               |
|                 |                                                    |
|                 | None                                               |
|                 |                                                    |
|                 | 1985 – 1996 Accounting & Financial Department      |
|                 |                                                    |
|                 | Thai Stanley Electric PCL.                         |
|                 |                                                    |
|                 | 1996 - 2002 Section Manager Accounting & Financial |
|                 | Department                                         |
|                 |                                                    |
|                 | Thai Stanley Electric PCL.                         |
|                 |                                                    |
|                 | 2002 – Present Chief of Section Office of Internal |
|                 | Audit                                              |
|                 |                                                    |
|                 | Thai Stanley Electric PCL.                         |
|                 |                                                    |
|                 | 2013 – Present Secretary Audit Committee           |
|                 |                                                    |
|                 | Thai Stanley Electric PCL.                         |
+-----------------+----------------------------------------------------+
|                 |                                                    |
+-----------------+----------------------------------------------------+

3.1 Report of Audit Committee

Report of the Audit Committee

The Audit Committee of the Thai Stanley Electric Public Company Limited
was appointed following a resolution at the Board of Directors Meeting
on 5 July 2013. The Audit Committee’s scope of responsibility was
assigned in the “Audit Committee Charter”, which was revised on 24
October 2008, according to the regulations of the Stock Exchange of
Thailand.

The Audit Committee consists of three independent members who are fully
qualified according to the Capital Market Committee’s notification. They
are Mr. Krisada Visavateeranon as Chairman of the Audit Committee, with
Mr. Chokechai Tanpoonsinthana and Mr. Suchart Phisitvanich as the Audit
Committee members, Mrs. Nongyao Apiram is the secretary.

In fiscal 2014, running from 1st April 2014 – 31st March 2015, the Audit
Committee performed its duty according to the responsibility as
delegated by the company’s Board of Directors which corresponding to the
regulations of the Stock Exchange of Thailand. There were 11 Audit
Committee meetings, of which 4 meetings was a non-management meeting
with an auditor and the other 7 meetings were performed with executives,
auditors, and internal auditors attending as necessary. The Audit
Committee members attended the meetings as follows. Mr. Chokechai
Tanpoonsinthana and Mr. Suchart Phisitvanich attended every meeting, and
Mr. Krisada Visavateeranon attended 10 meetings. Major activities were
as follows.

1.Reviewed the interim and annual financial statements of 2014 by
questioning and listening to the executives’ and auditors’
clarifications concerning the correctness and completeness of the
financial statements and the adequacy of information disclosure for the
year 2014. The Audit Committee agreed with the auditors the that the
financial statements were correct and adhered to the general accepted
accounting principles.

2.Reviewed of the internal audit system by considering the scope of the
responsibilities and independence of the Internal Audit and approving
the annual internal audit plan, in which the Audit Committee inspects
that the Company conducts sufficient and appropriate internal audit
control.

3.Reviewed the company’s operating information and internal control
system to evaluate the sufficiency, appropriateness and effectiveness of
the internal control by considering the annual internal audit report
according to the approved plan, which covers the Company’s major
operating areas such as Organization & mission, Production management,
Inventory management, Assets management, Procurement, New product
development, Information Technology and Safety and environment
management. It was found that there were no significant faults and there
was appropriate attention and maintenance of the activities and
accurate, complete, and reliable information disclosed. Auditor was no
serious concerns about the internal control. The Audit Committee’s
opinion that the Company has sufficient and appropriate operational
audit control.

4.Reviewed compliance with the Securities and Exchange Acts, Regulations
of the Stock Exchange of Thailand and other relevant laws, including
compliance with the Company’s requirement. The Audit Committee did not
find any instance of significant non-compliance with the law,
regulations.

5.Reviewed and opined related transactions or transactions that may have
conflicts of interest, and disclosure of such transactions to comply
with regulation of the Stock Exchange of Thailand (SET) and the Office
of the Securities and Exchange Commission (SEC). The external auditors
opined that the significant transactions with related persons were
disclosed and shown in the Financial Statement and Notes to the
Financial Statements. The Audit Committee had the same opinion as the
external auditors and also considered that such transactions were
reasonable and beneficial to the business of the company and were
disclosed correctly and completely.

6.Considered appointing the external auditors and their remuneration for
the year 2015 and propose their appointment to the Board of Directors
for approval at the annual ordinary shareholder’s meeting for the year
2015. The Audit Committee considered the performance, independence and
remuneration and agreed to propose appointing Miss Varaporn
Vorathitikul, Certified Public Accountant (Thailand) No. 4474 and/or
Mrs. Unakorn Phruithithada, Certified Public Accountant (Thailand) No.
3257 and/or Mr. Prasit Yuengsrikul, Certified Public Accountant
(Thailand) No. 4174 and/or Mr. Vichien Khingmontri, Certified Public
Accountant (Thailand) No. 3977 in the name of the PricewaterhouseCoopers
ABAS Co., Ltd. as the Company’s auditors for 2015. The Audit Committee
has the following opinions regarding the external auditors;

- They demonstrate a good work standard and expertise in auditing and
have performed their duty efficiently.

- The aforesaid audit company and auditors have no relationship or
stakes with the Company/ executives/ major shareholders or persons
related to those mentioned. Therefore there will be auditing
independence and opinion in the Company’s financial statement.

- The remuneration is deemed appropriate.

The Audit Committee fulfilled the responsibility of the Audit Committee
Charter as approved by the Board of Directors and found that the
Company’s disclosed financial and operation in fiscal 2014, running from
1st April 2014 – 31st March 2015, had appropriate and effective internal
control and audit, complied with laws, regulations and obligations,
disclosed the connected transaction correctly, performed duties in
compliance with the Good Corporate Governance principles with adequacy,
transparency and reliability and also developed the operations systems
that fit the changing business environment.

Mr. Krisada Visavateeranon

Chairman of the Audit Committee