Good Corporate Governance Policy

Thai Nippon Rubber Industry Public Company Limited (the "Company") upholds and complies with the law, objectives, articles of association, and resolutions of The company's shareholders' meeting as well as to maintain and abide by the principles of good corporate governance of listed companies. According to the Stock Exchange of Thailand (the "SET") also stipulates a guideline for the company's operations to achieve operational efficiency. It also creates transparency to investors, which will build confidence in its business operations with outsiders.