K C Property Public : Notification of the appointment of new director in replacement of the Independent director

ที่KC 027/2022

August 9, 2022

Subject: Notification of the appointment of new director in replacement of the Independent director

To: President

The Stock Exchange of Thailand

K.C. Property Public Company Limited ("the Company") would like to inform you of the significant resolutions of the Company' s Board of Directors Meeting No. 9/2022 held on August 9 , 2022. The meeting has adopted the following resolutions:

1.Acknowledged the resignation of Mrs.Vichada Nitipakdi and Dr.Pornpat Rodphotong Boontanom from Director and Executive Committee Member , effective August 8, 2022 onwards

2.approved of the appointment of Mr.Manokorn Rojanasuwan has adequate expertise and experience to review creditability of the financial reports as Independent Director , Audit Committee Member and The Chairman of Nomination and Remuneration committee effective August 9, 2022 onwards.The newly appointed director shall have the term only as the remaining term of Dr.Pornpat Rodphotong Boontanom

1. approved of the appointment of Pol. Gen. Suraphon Yoonuch as The Vice Chairman effective August 9, 2022 onwards
2. approved of the appointment of Dr. Anchalee Wimonsilp and/or Mr.Manokorn Rojanasuwan Independent Director to participate in setting the board meeting agenda

As present the names of Board of Directors have 9 persons are as follows;

The Company's Directors comprise of;
1.Dr.Rujcharin Tongyai	The Chairman of the Board of Directors
2.Pol. Gen. Suraphon Yoonuch	The Vice Chairman (Newly appointed)
3.M.R. Sasiprin Chandratat	Director
4.Mr. Santi Piyatat	Director
5.Mr. Manop Buathong	Director
6.Miss Visuda Chuaybamrung	Director
7.	Associate Professor Phum Moonsilp	Independent Director
8.	Dr. Anchalee Wimonsilp	Independent Director
9.	Mr.Manokorn Rojanasuwan	Independent Director (Newly appointed)

K.C. Property Public Company Limited

202 Le Concorde Building, 19th Floor, Room 1903 Ratchadaphisek Road, Huaikhwang, Bangkok 10130 Tel. [phone]

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The Company's Audit Committee comprise of;
1.Associate Professor Phum Moonsilp	The Chairman of the Audit Committee
2. Dr. Anchalee Wimonsilp	Audit Committee
3. Mr.Manokorn Rojanasuwan	Audit Committee (Newly appointed)
The Company's Risk management comprise of;
1.Dr.Rujcharin Tongyai	The Chairman of the Risk Management Committee
2.Miss Visuda Chuaybamrung	Risk Management Committee
3.Dr. Anchalee Wimonsilp	Risk Management Committee
The Company's Nomination and Compensation Committee comprise of;
1.Mr. Manokorn Rojanasuwan	The Chairman of the Nomination and Compensation Committee
	(Newly appointed)
2.M.R. Sasiprin Chandratat	Nomination and Compensation Committee
3.Dr. Anchalee Wimonsilp	Nomination and Compensation Committee
The Company's Executive Committee comprise of;
1.M.R. Sasiprin Chandratat	The Chairman of the Executive Committee
2. Mr. Santi Piyatat	Executive Committee
3. Miss Visuda Chuaybamrung	Executive Committee

Please to be informed.

Yours sincerely,

-Santi Piyatat-

________________

(Mr. Santi Piyatat)

Managing Director

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F 24-1

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

The Board of Directors meeting/shareholders meeting of KC property PLC No.8/2565 held on 9 August 2022 resolved the meeting's resolutions in the following manners:

Appointment of the audit committee/Renewal for the term of audit committee:

Member of the audit committee -Mr.ManokornRojanasuwan

, the appointment/renewalof which shall take an effect as of 9 August 2022

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

-No changes -

The audit committee is consisted of:

1. Chairman of the audit committee Associate Professor Phum Moonsilpremaining term in office 2 year(s) 8 month
2. Member of the audit committee Dr. Anchalee Wimonsilp

remaining term in office 2 year(s) 8 month

3. Member of the audit committee Mr.Manokorn Rojanasuwanremaining term in office 2 year(s) 1 month

Secretary of the audit committee Miss Thunchira Wannavichit

Enclosed hereto is 1 copies of the certificate and biography of the audit committee. The audit committee number(s) 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. Ensure that the company's financial reports are correct and sufficient.
2. Provide proper, efficiency and effective internal control and internal audit. And consider the independence of internal audit by their work and report including the chain of command. As well as approve the appointment, removal, transfer or dismissal of the Head of the Internal Audit Office or other related office In charge of Internal audit.
3. Carry out the review to ensure compliance Securities and Exchange Acts, regulation of the Stock of Thailand's regulation, and any other relevant laws.
4. Consider, nominate, appoint, or dismiss the independent person to act as auditor and present the auditor's remuneration. As well as arrange the meeting with the auditor without the management department in attendance at least 1 time a year.
   5.Consider the connected transaction or transactions that may lead to conflicts of interest to be under the law on securities and exchange including regulations and announcements of the Stock Exchange of Thailand/related laws which is effective for the company and/or the business of the company to ensure that the transactions are reasonable and most beneficial for the company and its shareholders.

1. Prepare the report of the Audit Committee disclosure in the company's annual report which must be signed by the Chairman of the Audit Committee and the data must contains at least the following:
2. 1. The opinion about accuracy and completeness to make the financial report of the company reliable.
   2. The opinion about the adequacy of the internal control system in the company.
   3. The opinion about compliance with the Securities and Exchange Commission's and the Stock Exchange of Thailand's laws and regulation and other laws relevant to the company's business.
   4. The opinion about the appropriateness of the auditor.
   5. The opinion about the transactions that may have conflicts of Interest.
   6. The number of Audit Committee meetings and the attendance of each member in the Audit Committee.
   7. Opinions or overall observation that the Audit Committee has the duty under the charter.
   8. Other matters that shareholders and investors should know under the scope of duties and responsibilities as assigned Dy the Board of Directors.

1. Review and propose to the Board of Directors to consider revising the scope of powers, duties and responsibilities of the Audit Committee in accordance with the situation.
2. Examine relevant persons under the authority of the Audit Committee with the power to hire or bring in specialized experts to assist in the inspection and investigation.

3

1. If the Audit Committee find or suspect the list of the following actions which may have a significant impact on the financial statements and results of operations of the company. They must report to the Board of Directors immediately.
   a.The transactions that may cause the conflicts of interest.
   b.The corruption and unusual activity towards internal control system.
   c.Violation of the law or regulation of Securities and Exchange Commission and Stock Exchange of Thailand or other related laws
   .If the Board of the Directors fails to achieve the objective in time then one member of the Audit Committee will make a report to the Securities and Exchange Commission or the Stock Exchange of Thailand.
2. To give opinions to the management regarding appointment, termination of employment, operating results, budget and rates of Internal Audit
3. Review and comment on the corporate governance policy, social responsibility, and anti- corruption.
4. Review and comment on the company's annual corporate governance, social responsibility, and anti- corruption assessment report.
5. Report to the Board of Directors on Risk and Risk Management
6. Review and propose to the Board of Directors to consider revising the code of powers, duties and responsibilities of the Audit Committee in accordance with the situation.

15 Perform other tasks as assigned by the Board of Directors within the scope of duties and responsibilities of the Audit Committee.

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

(

Mr..Santi piyatat

)

(Seal)

Signed ………………………………………………… Director

(

Mr.Sasiprin Chantratat

)