Carabao Group PCL

Additionally, CBG is dedicated to participating in climate change policy advocacy and trade associations. The company's management system, which includes regular reviews and monitoring, helps ensure that its efforts are effective and consistent with the Paris Agreement and Thailand's Net Zero target. CBG's management team works with the relevant internal teams to identify and address significant issues that might lead to policy adjustments, membership reviews, or suggestions to trade associations for better alignment with the Paris Agreement. The company also participates in case studies and initiatives aimed at advancing climate change solutions. [...] Governance Framework The Company has assigned dedicated roles and accountabilities for public policy engagement in relation to Climate-alignment. Teams Roles and responsibilities Executive • Act as a representative of the Company to engage with trade associations, public Level - engagement activities in discussion on climate-related topics Company • Review the alignment status for trade association and contribution on an annual Secretary basis - Address clear actions taken for misalignment status with clear timeframe - Report to Board of Directors for the results of the climate-alignment assessment Operational • Assess and summarize the climate alignment results for both new engagements Level - and renewed memberships. Sustainability • Regularly monitor and track the alignment status of member organizations. Team • Report to the Sustainable Development Steering Committee (SDC) on the current climate change positions and any misalignment of trade associations.

The Audit Committee reviewed the annual and quarterly financial report of both the Company and its subsidiaries before proposing them to the Board of Directors for approval. In doing so, the Committee ensured that the financial reports, as well as significant information on transactions between the Company, its subsidiaries and other affiliates, or transactions with tendency to cause conflict of interests were accurately prepared and reliably disclosed. [...] The Audit Committee reviewed the appropriateness of related transactions or transactions that may cause conflict of interest. The review showed that the related transactions by the Company in 2020 were done based on normal business practice, reasonable, and in the best interest of the Company's business. These related transactions were transparent, with related information disclosed fully and accurately that accordance with the related party policy.

Additionally, CBG is dedicated to participating in climate change policy advocacy and trade associations. The company's management system, which includes regular reviews and monitoring, helps ensure that its efforts are effective and consistent with the Paris Agreement and Thailand's Net Zero target. CBG's management team works with the relevant internal teams to identify and address significant issues that might lead to policy adjustments, membership reviews, or suggestions to trade associations for better alignment with the Paris Agreement. The company also participates in case studies and initiatives aimed at advancing climate change solutions. [...] Governance Framework The Company has assigned dedicated roles and accountabilities for public policy engagement in relation to Climate-alignment. Teams Roles and responsibilities Executive • Act as a representative of the Company to engage with trade associations, public Level - engagement activities in discussion on climate-related topics Company • Review the alignment status for trade association and contribution on an annual Secretary basis - Address clear actions taken for misalignment status with clear timeframe - Report to Board of Directors for the results of the climate-alignment assessment Operational • Assess and summarize the climate alignment results for both new engagements Level - and renewed memberships. Sustainability • Regularly monitor and track the alignment status of member organizations. Team • Report to the Sustainable Development Steering Committee (SDC) on the current climate change positions and any misalignment of trade associations.

The Risk Management Committee was established by the Board of Directors with duties to promote the set-up of an enterprise-wide risk management system for the Company and to embed as organizational culture. This is to provide reasonable assurance among all stakeholders that the Company operations are geared towards effective and efficient achievement of corporate goals and objectives and in accordance with risk appetite level. The Committee is comprised of 9 members who are the Board of Directors and top executives with relevant knowledge, competence and experience that are beneficial to the Company's risk management. The Committee performs its duties as designated by the Board of Directors and within the purview of power and responsibility defined in the Risk Management Committee Charter. In 2020, the Committee held 4 meetings with the following significant matters: 1. Acknowledged the significant corporate risks for 2020 and reviewed the adequacy and appropriateness of the risk management plans. 2. Followed up the progress and evaluated all the risk assessment and business outlook that may have significant impact on the organization in order to manage the risks to be at the acceptable level. 3. Encourages the risk management training for organizational members to be aware of and realize the significance of risk management and participate in risk management by implementing in operation as part of the organization's culture. 4. Considered the risk management plans for reporting to the Board of Directors on the significant risks and the efficiency and the effectiveness of risk management process. [...] The Risk Management Committee has placed importance on the preparation plan to respond the COVID - 19 outbreak which can be particularly severe the operations of the Company. The Risk Management Committee then established the Business Continuity Manual and Business Continuity Plan for Pandemic as the Company's guideline for each business unit to manage business continuity in the event of crisis or emergency. According to the issues and tasks mentioned above, the Risk Management Committee has considered that the corporate risk factors have been identified covering the core businesses, a special focus on managing risks related to COVID - 19 outbreak, new emerging risks and the risk mitigation plans have been carried out adequately, appropriately, efficiently and in compliance with the good corporate governance and internal control principles, as well as laws, rules and regulations. The Risk Management Committee has regularly reported all the possibly significant risks and management plans for such risks to the Board of Directors, including the independent views and recommendations to the management with the consideration for the optimal benefits of organization and shareholders as well as other stakeholders as appropriate to ensure that the Company's operation firmly continues with stable and sustainable growth.