NFC Public : Notification on appointment of Independent Director, Audit Committee, Nomination and Remuneration Committee

NFC 082/2022

August 11, 2022

Subject:	Notification on appointment of Independent Director, Audit Committee, Nomination and
	Remuneration Committee
To:	Director and Manager
	The Stock Exchange of Thailand

Enclosure: Form for Report on Names of Members and Scope of Performance of the Audit Committee (F24-1)

NFC Public Company Limited ("Company") would like to inform the resolutions of the Board of Directors' Meeting of No. 4/2022, held on August 10, 2022 resolved approving the appointment Dr. Kurujit Nakornthap as Independent Director, Audit Committee, Nomination and Remuneration

Committee, effective on September 1, 2022

Since	September 1, 2022, The Audit Committee will consist of 3 directors as follows:
1.	Mr.Virasak Sutanthavibul
2.	Mrs.Aree	Termwattanapakdee
3.	Dr.Kurujit	Nakornthap

Sincerely Yours,

(Mrs. Bongkot Rungkornpaisarn)

Executive Vice President Corporate Affiars

NFC Fertilizer Public Company Limited

F 24-1

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

The Board of Directors meeting of NFC Fertilizer Public Company Limited No. 4/2022 held on 10th 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. Dr.Kurujit Nakornthap
• the appointment/renewal of which shall take an effect as of 1 September 2022

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

	……………………………………………………………………………………………………………………………………………………….
The audit committee is consisted of:
1.	Chairman of the audit committee	Mr.Virasak Sutanthavibul	remaining term in office 2 years
2.	Member of the audit committee	Mrs.Aree Termwattanapakdee	remaining term in office 2 years
3.	Member of the audit committee	Dr.Kurujit Nakornthap	remaining term in office 3 years

Secretary of the audit committee Mrs.Bongkot Rungkornpaisarn

Enclosed hereto is -copies of the certificate and biography of the audit committee. The audit committee number(s) 1 and 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 statement which would be adequately and reliable issued on time.
2. To review the Company's internal control system and Internal Audit system which is appropriate and efficacious.
3. To review the Company to comply with the Securities Exchange Act, Stock Exchange of Thailand's rules and regulations, and related laws.
4. To consider, select and appoint a one who is independence to be the Company's auditor and propose his compensation together with attend the meeting with the auditor except the Management Team at least 1 time/year.
5. To consider the independence of Company's internal audit together with the appointment and employment of Internal Audit Department Manager or another department/division who accounts for the role of Internal Audit.
6. To consider the connected transaction or the transaction may occur the conflict of interest to be in line with the law, rules, and regulations of Stock of Exchange in order to ensure the transaction is reasonable and maximize profit to the Company.
7. To conduct the Audit Committee Report that is signed by Audit Chairman which appears on the Annual Report. It composed of;-
8. 1. 1. Information is regarding the Company's financial statement which would be adequately and reliable issued on time.
   2. Information is regarding the adequacy of Company's internal control system.
   3. Information is regarding practicing on the Securities Exchange Act, Stock Exchange of Thailand's rules and regulations, and related laws.
   4. Information is regarding the auditor's appropriateness.
   5. Information is regarding the transaction may occur the conflict of interest.
   6. Information is regarding the number of Audit Committee's meeting and the number of attending the meeting for each Audit Committee Member.
   7. Information is regarding the practicing on Audit Committee's Charter.
   8. Other information that the shareholders and investors may acknowledge under the scope of work.
9. To appoint the related specialist to provide the advice.
10. To invite a one of Management Team and/or another person to attend the meeting or provide the related information.
11. To review the Audit Committee's Charter at least one time for each year. It has to be proposed to Board of Director in case of amendment and acknowledgement.
12. Any ad hoc that is assigned by Board of Director.

3

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

Signed ………………………………………………… Director

(Mrs. Bongkot Rungkornpaisarn) Director

Signed ………………………………………………… Director

(Mr.Kijja Smunyahirun) Director