Risk Management Policy

SPVI Public Company Limited (the Company) recognizes the importance of effective risk management and good corporate governance principles. Accordingly, the Company has established this Risk Management Policy to ensure its readiness and capability in managing both internal and external risk factors that may affect the achievement of its objectives. 

The Company has delegated the Risk Management Committee to oversee and monitor the risk management process, ensuring that risks are maintained at an acceptable level and that regular progress reports are submitted to the Board of Directors.

1. Objectives of Risk Management

1. To provide the Board of Directors and management with sufficient information on significant risks to support decision-making on strategies, business plans, and resource allocation.
2. To establish a framework for managing risks at an acceptable level, taking into consideration the balance between potential costs and benefits.
3. To ensure comprehensive risk management across all areas of operations, thereby minimizing potential losses or damages arising from business activities and unforeseen events.
4. To serve as a unified guideline for the Companys risk management practices, ensuring consistency and alignment throughout the organization.

2. Risk Management Process

The Company acknowledges the significance of adopting a comprehensive risk management process covering all business activities and operations. The process consists of six key steps:

1) Defining clear risk management objectives.

2) Identifying potential risks comprehensively.

3) Assessing the likelihood and impact of identified risks.

4) Determining appropriate risk mitigation measures to maintain risks within acceptable levels.

5) Implementing control activities to ensure effective risk management.

6) Monitoring and reviewing risk issues on a continuous basis. In identifying risks, the Company considers six key categories:

(1) Strategic Risk

(2) Operational Risk

(3) Financial Risk

(4) Compliance Risk

(5) Emerging Risk

(6) Environmental, Social, and Governance (ESG) Risk

3. Policy Review

The Risk Management Committee shall review this Policy annually and propose revisions, if any, for consideration and approval by the Risk Management Committee and the Board of Directors.