Page 78 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

78 ONE REPORT (FORM 56-1) 2024

Report of the Audit Committee Year 2024

Dear Shareholders,

The Audit Committee consisted of independent and qualified directors-three individuals with experience and
expertise in finance and accounting. The Audit Committee carried out its duties independently and
impartially, in accordance with the guidelines set forth in the Audit Committee’s Charter. This Charter was reviewed
Operational Highlights and Financial Summary
annually and approved by the Board of Directors to ensure that the roles and responsibilities of the Audit
Committee aligned with the regulations established by the Stock Exchange of Thailand and the Securities and
Exchange Commission. The head of the Internal Audit Department is the Secretary of the Audit Committee

In 2024, the Audit Committee held a total of nine meetings, as follows:

Audit Committee Attendance/
Key Milestones
Member’s Name Position Number of Total Meetings

1. Mr. Prasan Chuaphanich Chairman of the Audit Committee 9/9

2. Mr. Kamthorn Tatiyakavee Member of the Audit Committee 9/9

3. Ms. Yeo Hwee Leng Eileen Member of the Audit Committee 9/9
Business Overview

The Audit Committee invited the Chief Executive Officer, Chief Financial Officer, Head of the Internal Audit and
representatives from the external auditors to attend its meetings. executives also attended to present reports on
relevant agenda items. After each meeting, the Chairman of the Audit Committee reported to the Board of Directors
for acknowledgment and consideration.

In 2024, the Audit Committee carried out its duties, the essence of which can be summarized as follows:

Review of Financial Reports

The Audit Committee reviewed the accuracy, completeness, and reliability of the interim and annual financial
Governance Structure and Practices
statements of the Company and its subsidiaries for the year 2024. The Committee examined key issues from the
audit and assessed the appropriateness of accounting policies and key estimates used in preparing the financial
statements. This review ensured that the preparation of the financial statements and the disclosure of information
in the notes to the financial statements were accurate and reliable, in accordance with Financial Reporting Standards.

Throughout the year, the Audit Committee met with the external auditors without management present to
independently discuss relevant matters. The Committee was of the opinion that the Company’s financial reports
were prepared with accuracy and materiality, in compliance with financial reporting standards.
Financial Performance

Sustainable Development