Ananda Development Public : Notification of Appointment of Independent Director and Audit Committee Member

Ananda Development Public Company Limited	Tel : [phone]
FYI Center building, 11th Floor, 2525 Rama 4 Road,	Fax : [phone]
Klongtoei, Klongtoei District, Bangkok 10110	www.ananda.co.th

บริษัท อนันดา ดีเวลลอปเม้นท์ จ ากัด (มหาชน) 2525 อาคารเอฟวายไอ เซ็นเตอร์ ชั้น11 ถนนพระราม 4 แขวงคลองเตย เขตคลองเตย กรุงเทพฯ10110

Ref. ADC 059/2022

	11 August 2022
Subject:	Notification of Appointment of Independent Director and Audit Committee Member
Attention:	President
	The Stock Exchange of Thailand

Reference is made to the resolution of the Board of Directors Meeting No. 7/2022 on 11 August 2022 of Ananda Development Public Company Limited ("the Company"). The Board of Directors approved the appointment of Mr. Pisit Serewiwattana as an independent director, Audit Committee member, Chairman of Risk Management Committee member, Nomination and Remuneration Committee member, and Good Corporate Governance Committee member in place of Mr. Nopporn Thepsithar, who resigned from the positions, for a term equal to the remaining term of the resigning director, effective from 11 August 2022.

Please be informed accordingly.

Sincerely yours,

- Mr. Chanond Ruangkritya -

(Mr. Chanond Ruangkritya)

Chief Executive Officer

Corporate Secretary Department,

Tel. [phone] ext. 2700

F 24-1

Form to Report on Names of Members and Scope of Work of the Audit Committee

The Board of Directors meeting of Ananda Development Public Company Limited No. 7/2022 held on

11 August 2022 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) ………………………………………………………………………………………………………………………………Mr. Pisit Serewiwattana

, the appointment/renewal of which shall take an effect as of 11 August2022

Determination/Change in the scope of duties and responsibilities of the audit committee with the following details:

		- No changes -
	, the determination/change of which shall take an effect as of	-
The audit committee is consisted of:
1.	Chairman of the audit committee Mr.Poolsak Tansitthipun	remaining term in office	2	year(s)
2.	Member of the audit committee Mr.Wiboon Rasmeepaisarn remaining term in office	2	year(s)
3.	Member of the audit committee Mr. Pisit Serewiwattana	remaining term in office	3	year(s)
	Secretary of the audit committee	Miss Anongprapa Malipraman

Enclosed hereto is …………1………… copies of the certificate and biography of the audit committee. The audit

committee number(s) …………1-3…………… has/have adequate expertise and experience to review creditability of the

financial reports.

2

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 in charge of an internal audit;
3. To review the company's compliance with the law on securities and exchange, the regulations of the Stock Exchange of Thailand, 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 interest, to ensure that they are in compliance with the laws and the regulations of the Stock Exchange of Thailand, 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 Chairman of the Audit Committee and consist of at least the following information:
7. 1. an opinion on the accuracy, completeness and credibility 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 regulations of the Stock Exchange of Thailand, 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 at such meetings by each committee member;
   7. an opinion or overview of comments 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.
8. To perform any other act as assigned by the company's board of directors, with the approval of the Audit Committee.

3

In addition, the Audit Committee may seek independent opinions from other professional advisors, if necessary for the purpose of rendering opinions on the Company's activities and in support of its duties. The company is accountable for the incurred costs.

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

Tanyalak Nunthanavorasiri

Signed ………………………………………………… Director

(Mr. Tanyalak Nunthanavorasiri)

(Seal)

Sermsak Khwanpuang

Signed ………………………………………………… Director

(Mr. Sermsak Khwanpuang)