Page 37 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

The Audit Committee

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 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 in 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

(1) an opinion on the accuracy, completeness and creditability of the Company's
financial report,

(2) an opinion on the adequacy of the Company's internal control system,
(3) 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,
(4) an opinion on the suitability of an auditor,
(5) an opinion on the transactions that may lead to conflicts of interests,

(6) the number of the audit committee meetings, and the attendance of such meetings
by each committee member,
(7) an opinion or overview comment received by the audit committee from its
performance of duties in accordance with the charter, and
(8) other transactions 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 directors; and
7. Appoint, revoke, transfer of terminate the Director of the Internal Audit Office (if any) or
employ or change the employment of other Internal Audit Offices.

8. To perform any other act as assigned by the Company's board of directors, with the approval of
the audit committee.

32