Page 104 - Mono Technology Public Company Limited : Annual Report 2014 EN

the value of related party transactions stated in the announcement of CMSBs regulations on the
execution of related party transaction should be applied. Any debt burden occurring during the

period of one year prior to the date of the business relationship with the same person must be
included when considering such debt burden.

5. Neither being nor having been an auditor of the Company, holding company, subsidiaries,
associated company, a major shareholder or controlling person, and not being a substantial
shareholder, controlling person, or partner of an audit firm which employs auditors of the Company,

holding company, subsidiaries, associated company, major shareholder or controlling person unless
the foregoing relationship has ended for more than two years prior to the date of submitting the
application to the Securities and Exchange Commission (SEC).

6. Neither being nor having been any professional adviser including legal adviser or financial
adviser who receives an annual service fee exceeding 2,000,000 Baht from the Company, holding

company, subsidiaries, associated company, a major shareholder or controlling person, and not
being a substantial shareholder, controlling person, or partner of the professional adviser, unless
the foregoing relationship has ended for more than two years prior to the date of submitting
the application to SEC.

7. Not being a director who has been appointed as a representative of the Companys director,

major shareholder, or shareholder related to the major shareholder;

8. Not operating any business that is of the same nature as or that significantly competes with the
business of the Company or subsidiaries as well as not being a significant partner in a limited
company, an executive director, employee, staff, advisor receiving regular salary or a person

holding over one percent of the total number of shares with voting rights of other companies
which operate the same type of business and which significantly competes with the Companys
and the subsidiaries business operation.

9. Not having any characteristics that prohibit the expression of independent opinion towards
the Companys business operation.

Audit Committee

The Audit Committee comprises of at least three independent directors who serve a term of three years
since the appointment date. The Company set policy of selection of the Audit Committee and independent

director that is in line with the Notification of CMSB No. Tor Chor. 28/2551 Re: Application for Permission and
Grant Permission to Offer Newly Issued Shares, dated December 15, 2008 (as well as the amendment), with
following details:

1. They must be appointed by the Board of Directors or the shareholders meeting (as the case may be)

2. They must possess qualifications of independent directors as mentioned above and;

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