BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX Remuneration of Directors The Board of Directors has set up a fair and reasonable remuneration policy for its Directors in accordance with good corporate governance principles. The Nomination and Remuneration Committee determines suitable remuneration for Directors based on the Company’s financial standing, taking in consideration the remuneration for Directors in companies listed on the Stock Exchange of Thailand (SET) of a similar size in the industry, as well as each Director’s responsibilities. Directors appointed to Sub-Committees are entitled to additional remuneration due to their additional responsibilities. Directors’ remuneration must be approved by the shareholders. At the 2021 Annual General Meeting of Shareholders, held on April 5, 2021, shareholders passed a resolution approving the 2021 remuneration of Directors and Directors to Sub-Committees and their bonus for the year 2020 as follows: (1) Remuneration for the Board of Directors and Sub-committees Type of Remuneration Remuneration Rate 1. Board of Directors Monthly Remuneration Chairman Baht 62,500 /Month Director Bath 50,000 /Month/Director Remuneration for Meeting Attendance Chairman Baht 50,000 /Month Director Baht 40,000 /Month/Director 2. Sub-committees Audit Committee Nomination and Remuneration Committee Corporate Governance and Sustainability Committee Risk Management Committee Remuneration for Meeting Attendance Chairman Baht 56,250 /Month Director Baht 45,000 /Month/Member 3. Others No other benefits (2) With regards to the bonus for the year 2020 as the resolution of the 2021 Annual General Meeting of Shareholders, the Board of Directors as a group is to be awarded a bonus for the year when a dividend payment is made to the shareholders. The total sum of this bonus equals 0.30% of the year’s net profit and up to Baht 60 million. Each Director’s bonus is calculated based on the time served in the corresponding year, and the Chairman’s bonus is to be 25% higher than those of other Directors. On April 5, 2021, the Board of Directors as a group was awarded a bonus for 2021 totaling Baht 598,821. 167
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