Page 6 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

The registered capital has decreased from 2.59 billion baht to 648 million
baht, after the capital reduction. The Company's shareholding in (TY) will
decrease from 30.84% to 28.20% and on November 24, 2021 in the same year
(TY) has registered capital increase of 300 million baht, but the Company did not
has subscribed for shares in this capital increase After (TY)'s capital increase, the
Company's shareholding in (TY) will decrease from 28.20% to 19.27% since
then the Company has lost significant influence on (TY) and the relationship
between the (TY) and the Company was changed from "Subsidiary" to "Related
Company".
On September 7, 2021, the Company has acquired 1,635 shares of KDB
Co., Ltd. (KDB), a real estate investment company, worth 54 million baht. The
Company's shareholding in (KDB) will be at 44.99 % . In October of the same year,
(KDB) has also registered a capital increase of 156 million baht, after the capital
increase the Company's shareholding ratio in KDB is 44.99 % .

1.1.3 Relationship with the business group of major shareholder

Currently, TYCN’s largest customer for sales of merchandise, including
wire rod and annealed wire, is Tycoons Group Enterprise (TGE), TYCN’s indirect
majority shareholder via Tycoons Group International Co., Ltd.(TGI), (TGE holds
a stake of up to 100% in TGI and TYCN is a 30.24% owned subsidiary of TGI).
TYCN’s sales to TGE accounted for 13.09% of TYCN’s total sales in 2021, mainly
due to the fact that TGE is TYCN’s agent who is in charge of business development
and marketing in Taiwan, which allows TYCN to rapidly react to the demand and
prices in Taiwan market. Therefore, the business relationship between TGE and
TYCN will be able to stay mutually beneficial.
In accordance with company policy, management and operation of TGE
and TYCN are clearly separated, and the two management teams are independent
each other, in order that each company is acting in its own best interests.

1.1.4 Tycoons Worldwide Group (Thailand) Public Company
Name of the company: Tycoons Worldwide Group (Thailand) Public Company
Limited (TYCN)
Type of business: To manufacture and distribute wire rod, reinforcing bars
(including deformed bars and round bars), annealed wire,
screw, bolt and thread rod.
Location: 99 Moo1, Tumbon Nikompattana Amphur Nikompattana, Rayong
21180 Thailand
Registered share capital: 596,748,900 common shares, 5,967,489,000 Baht.
Issued and paid-up share capital: 596,748,900 common shares, par value
10 Baht,paid-up Capital 5,967,489,000Baht.
Company registration: 0107546000172
Telephone No. : (033)-658-558, (038)-636975
Facsimile No. : (038)-636-977
Home Page: http://www.tycons.com

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