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Tycoons Worldwide Group (Thailand) Plc.

Tycoons Worldwide Group (Thailand) Public Company Limited and its subsidiaries
Notes to financial statements
For the year ended 31 December 2024

1. General information

Tycoons Worldwide Group (Thailand) Public Company Limited (“the Company”) is a public
company incorporated and domiciled in Thailand. Its parent company is Tycoons Group
Enterprise Co., Ltd. which was incorporated in Taiwan. The Company is principally engaged
in the manufacture and distribution of steel wire rods, steel annealing wire, reinforced
concrete bar, steel screw and wire products. The registered address is at 99 Moo 1, Tambol
Nikompattana, Amphur Nikompattana, Rayong.

2. Basis of preparation
2.1 The financial statements have been prepared in accordance with Thai Financial Reporting
Standards enunciated under the Accounting Profession Act B.E. 2547 and their presentation
has been made in compliance with the stipulations of the Notification of the Department of
Business Development, issued under the Accounting Act B.E. 2543.

The financial statements in Thai language are the official statutory financial statements of the
Company. The financial statements in English language have been translated from the Thai
language financial statements.

The financial statements have been prepared on a historical cost basis except where
otherwise disclosed in the accounting policies.
2.2 Basis of consolidation

a) The consolidated financial statements include the financial statements of Tycoons
Worldwide Group (Thailand) Public Company Limited (“the Company”) and the following
subsidiaries (“the subsidiaries”) (collectively as “the Group”).
Country of Percentage of
Company’s name Nature of business incorporation shareholding
2024 2023
(%) (%)
Held by the Company
K D B Company Limited Invest in real estate projects Thailand 44.99 44.99
Green Engineering Holding Co., Invest in land plots and other Thailand 54.99 54.99
Ltd. companies
Held by the Company’s subsidiaries
Siam PC Products Co., Ltd. Manufacture and distribution of Thailand 32.99 -
(60.00% held by Green PC strand
Engineering Holding Co., Ltd.)
Mega Import-Export Company Import and export of rebar, wire Thailand 16.83 -
Limited (51.00% held by Siam rods, steel plates, and steel of
PC Products Co., Ltd.) various sizes.

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