SET Announcements

Tor. 4/2552 F24-1 Form for Report on Names of Members and Scope of Work of the Audit Committee he Board of Directors meeting of Loxley Public Company Limited No.10/2008 held on 14 November 2008 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)................................................. (2)................................................. (3)................................................. (4)................................................. , the appointment/renewal of which shall take an effect as of........ / Determination/Change in the scope of duties and responsibilities of the audit committee with the following details: The Board of Directors of the Company has considered changing the scope of duties and responsibilities of the audit committee in order to correspondence with the announcement of the Stock Exchange of Thailand regarding the qualification and scope of duties of the Audit Committee, 2008. The changes in the scope of duties and responsibilities of the audit committee shall be effective as at 14 November 2008. The audit committee is consisted of: 1.Chairman of the audit committee Dr. Harit Sutabutr remaining term in office 3 years 2. Member of the audit committee Dr. Wichian Watanakun remaining term in office 3 years 3. Member of the audit committee Mr. Charoon Chinalai remaining term in office 3 years 4. Member of the audit committee Mr. Dusit Nontanakorn remaining term in office 2years 7 months Secretary of the audit committee Mr. Chamnan Chotcomwongse Enclosed hereto is 1 copy of the certificate and biography of the audit committee. The audit committee number(s) 4 has adequate expertise and experience to review creditability of the financial reports. 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 reporting process to ensure that it is accurate and adequate. 2. to review the Company's internal control system and internal audit system to ensure that they are suitable and efficient, to determine and internal audit unit's independence, as well as to approve the appointment, transfer and dismissal of the chief of an internal audit unit or any other unit in charge of an internal audit. 3. to review the Company's compliance with the law on securities and exchange, the Exchange's regulations, and the laws relating to the Company's business. 4. to consider, select and nominate and independent person to be the Company's auditor, and to propose such person's remuneration, as well as to attend a non-management meeting with and auditor at least once a year. 5. to review the Connected Transactions, or the transactions that may lead to conflicts of interests, to ensure that they are in compliance with the laws and the Exchange's regulations,and are reasonable and for the highest benefit of the Company. 6. to prepare, and to disclose in the Company's annual report, and audit committee's report which must be signed by the audit committee's chairman and consist of at least the following information: (6.1) an opinion on the accuracy, completeness and creditability of the Company's financial report, (6.2) an opinion on the adequacy of the Company's internal control system, (6.3) an opinion on the compliance with the law on securities and exchange, the Exchange's regulations, or the laws relating to the Company's business, (6.4) an opinion on the suitability of an auditor, (6.5) an opinion on the transactions that may lead to conflicts of interests, (6.6) the number of the audit committee meetings, and the attendance of such meetings by each committee member. (6.7) an opinion or overview comment received by the audit committee from its performance of duties in accordance with the charter. (6.8) other transactions which, according to the audit committee's opinion, should be known to the shareholders and general investors, subject to the scope of duties and responsibilities assigned by the Company's board of directors. 7. to perform any other act as assigned by the Company's board of directors, with the approval 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. Vasant Chatikavanij ) Signed Director ( Mr.Suraphand Bhasitnirandr )