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Audit Committee Report

Audit Committee Report
To The Shareholders

The Audit Committee of TTW Public Company Limited consists of 3 independent directors who are qualified experts in various fields, with composition and qualifications in accordance with those specified in the Audit Committee Charter.

In 2025, the Audit Committee held a total of 4 meetings to consider various matters. The names of the members and their meeting attendance are as follows:

  1. Mr. Phairuch Mekarporn, Chairman of the Audit Committee, attended 4/4 meetings
  2. Mr. Somnuk Chaidejsuriya, Audit Committee, attended 4/4 meetings
  3. Mr. Yuttana Yimgarund, Audit Committee, attended 4/4 meetings

Mrs. Naruemon Udomkiat, Internal Audit Manager of the Company, serves as the Secretary to the Audit Committee.

The Audit Committee has performed its duties independently within the scope of responsibilities stipulated in the Audit Committee Charter as approved by the Board of Directors. The results of each meeting have been reported to the Board of Directors on a quarterly basis. Key matters considered are summarized as follows:

  1. Consideration of the annual audit plan and quarterly audit results to assess the Company’s operational systems and internal control systems, as well as providing recommendations and improvement guidelines to the Internal Audit Department to ensure that the Company maintains effective auditing and internal control systems in accordance with the regulations of the Office of the Securities and Exchange Commission (SEC).
  2. Review of compliance with laws, rules, regulations, and requirements of relevant external authorities, including measures relating to the prevention of fraud and corruption.
  3. Review of related party transactions to ensure that they are conducted in the normal course of business, are reasonable, and are beneficial to the Company, without providing undue benefits to related persons.
  4. Review of the quarterly and annual financial statements prior to submission to the Board of Directors for consideration, with emphasis on compliance with accounting standards and intercompany transactions, as well as providing opinions to the Company’s management regarding effective asset management to maximize benefits.
  5. Consideration of the selection, appointment, and termination of independent persons to serve as the Company’s auditors, including proposing their remuneration, and holding meetings with the auditors without the presence of the management.

The Audit Committee has performed its duties with due care and expressed independent opinions for the best interests of the organization, without any limitations in accessing information, resources, or cooperation from the Company. The Audit Committee also conducts an annual self-assessment of its performance in order to continuously improve and enhance the efficiency and effectiveness of its duties, and to achieve the objectives assigned by the Board of Directors.

For the year 2026, the Audit Committee has proposed to the Board of Directors the appointment of Ms. Wilai Sunthornwanee, Certified Public Accountant No. 7356, or Ms. Poonnard Paocharoen, Certified Public Accountant No. 5238, or Mr.Termphong Opanaphan, Certified Public Accountant No. 4501 of EY Office Limited, to serve as the Company’s auditors for another year, with the audit fee for the year 2026 not exceeding 1,410,000 Baht This matter will be proposed for approval at the 2026 Annual General Meeting of Shareholders.

Mr. Phairuch Mekarporn

Chairman of the Audit Committee