Report from the Risk Management Committee

Dear Shareholders of TVD Holdings Public Company Limited,

The Risk Management Committee has been appointed by the board of directors, which consists of 5 members: one independent director and two executive directors. There were 4 Risk Management Committee meetings in 2024. The list of members of the Risk Management Committee and the number of times each member attended the meeting are as follows:

The company has prioritized risk management, particularly risk management that affects the achievement of the company's objectives and business goals by minimizing the likelihood of risks and generating business possibilities that will result in enhanced value for shareholders and other stakeholders.

In 2024, the Risk Management Committee carried out its responsibilities in accordance with the Board of Directors directions and the committee's regulations. The Risk Management Committee was in charge of formulating and revising corporate risk management frameworks, goals, and policies to make sure they align with the company's operational procedures. It was also in charge of keeping track of risk evaluations and their outcomes. overall risk management for the company. This year, the committee held two meetings with the following highlights:

1. Consider business risks from the business model and business risks from the perspective of human resource management. The company must be a modern entrepreneur who must have a forward-thinking mindset and ready to change yourself at all times. The company has always planned to develop personnel with technology.

2. Considering investment and capital increase of affiliated companies together with the Investment Committee to consider investment in various projects.

3. Reviewed the appropriateness and adequacy of the organization's risk management policies, strategies, and guidelines to make sure that they are in accordance with the business strategies and directions of the company and that they can be used to control the level of risk to an acceptable level.

4. Reviewed and summarized risk issues that were important to the organization's sustainability, to prioritize and formulate a risk management plan and establish appropriate controls to control those risks. The objective was to manage the risks to be within the acceptable level for the company including reducing the likelihood of risks occurring in the future.

5. Review the Risk Management Committee Charter to ensure that the guidelines for performing duties are appropriate and consistent with the current situation

6. Organized an assessment of the performance of the Risk Management Committee as a group assessment and individually assessment for the year 2024, where the overall assessment result was at the "Good" level and the assessment results were reported to the Board of Directors for further evaluation and improving operational efficiency, as well as disclosing assessment results in Form 56-1, One Report/annual report.

In summary, the Risk Management Committee is of the opinion that in 2024, the Company has a risk management system that is sufficiently efficient to supervise the significant risks of the Group and is appropriate for the business operations and various activities of the Company and the Group. The main departments of the Company and each subsidiary continuously manage their own risks to be in line with the changing situation and at an acceptable level, helping to support the management of the organization and the business operations of the Company and the Group to proceed according to the plan.