Page 226 - E-BOOK

Report of the Committee's Responsibility for Financial Reports

The management has prepared the financial statements for the year ended 31 December 2020 in accordance
with generally accepted accounting standards. The Company has chosen the appropriate policy and adhered to it regularly
as well as being sensible and using careful discretion in the preparation of financial statements. In addition, essential
information is adequately disclosed in the notes to the financial statements.

The Board of Directors is aware of their responsibility to ensure the efficiency of the financial report. The Board
has appointed an audit committee which consists of qualified persons to be responsible for the quality of financial
reports to ensure their completeness and accuracy. The suitable policies have been applied and adhered to regularly
as well as reviewed to ensure that the company has an adequate and proper internal control system. The Committee
also jointly assessed the Company’s risks to prevent or mitigate the risks that may arise from materially fraudulent or
significantly unusual conduct and enough to maintain the Company’s assets.

From the above practice and supervision, the Board of Directors is of the opinion that the financial statements
of the Bangkok Commercial Asset Management Public Company Limited as of December 31, 2020 can accurately and
reliably show the financial status and operating results in accordance with generally accepted accounting standards
Annual Report 2020
and comply with the law and related regulations.

224

(Mrs. Tongurai Limpiti) (Mr. Bundit Anantamongkol)
Chairman of the Board of Directors Chief Executive Officer