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94 Super Turtle Public Company Limited22. Internal Control and Related Party Transactions22.1 Internal Control and Risk Management The Board of Directors places an importance on the internal control system with a view that it is a fundamental mechanism for governing and monitoring operations to ensure efficiency and the achievement of the objectives. The Company therefore provides a robust internal control system covering all area of business processes including strategic planning, operations following the Company%u2019s primary activities, financial management, human resources management, safeguarding and publishing of the Company%u2019s significant information, compliance with applicable laws, rules and regulations as well as effective and adequate checks and balances mechanisms.The Audit Committee has been assigned by the Board of Directors to review the adequacy, appropriateness and effectiveness of the Company%u2019s internal control and internal audit systems. The Internal Audit Department is responsible for auditing the performance of all departments to ensure accuracy and compliance with the regulations and manuals. Additionally, they also provide suggestions to relevant depatments to develop and improve the operational process, follow up the progress of correcting deficiencies found in the internal audit and report audit results to the Audit Committee on a quarterly basis. In this regard, the Internal Audit Department prepares internal audit plan based on the principles of risk assessment which is then presented to the Audit Committee for approval every year.The Board of Directors%u2019 Opinion on the Internal Control SystemThe Board of Directors%u2019 Meeting No. 3/2025 was held on 22 May 2025 and was attended by all members of the Audit Committee. The meeting acknowledged the assessment results of the adequacy of the Company%u2019s internal control system. The Board of Directors had an opinion in line with the Audi t Commi ttee that the Company%u2019s internal control system was appropriate and adequate, with no material deficiencies identified. In addition, the Company%u2019s auditor reviewed the internal control system relating to the preparation and the presentation of the Company%u2019s financial statements in order to provide an opinion that the financial statements present correctly, in all material respects, the financial position, results of opereation and cash flows are in accordance with the financial reporting standards.1. Control Environment%u2022 The Company prioritises integrity and work ethics as fundamental values. The Board of Directorshas reviewed a good Corporate Governance Policy and an Anti-Corruption Policy as well as ensuring that the Code of Conduct and the Work Rules were prepared in written form and officially announced to the Company%u2019s employees at all levels for adherence and compliance. Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment