Page 76 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

Qualifications of Independent Directors
The Board of Directors has set the qualifications of independent directors according to the
Stock Exchange of Thailand’s requirements. In 2024, Mr. Navin Vongchankit, a highly experience
person in accounting and financial field, was elected as independent director whose qualification
is in line with the requirement.

Composition of the Board of Directors
The Board of Directs has determined the number of the directors in the board according to
the size of the company. The board now consists of four executive directors and three independent
directors totaled up seven directors. In that, independent directors account for one third of the
members.

The Chairman of the Board / the Managing Director
The Board of Directors determined that the MD and the Chairman of the Board are different
individuals, and their authorities and duties are clearly separated to ensure balance between
management and corporate governance. In 2024, the Company’s Chairman of the Board is Mr.
Huang, Wen-Sung who replaced Ms. Lu Yen Jian, effective from June 9, 2022, and the Managing
Director is Mr. Natthawat Thanapinyanun.

Terms of Directorship
The term of directorship is three years. Each year, one third of the directors will complete
their terms. In 2024, the followings directors retire by rotation and re-elect to return to the office.
The Annual General Shareholders’ Meeting 2024, the number of directors who will retire by
rotation in year 2024 is 3 persons consisting of Chairman of the Board is Mr. Huang, Wen-Sung and
Director Mr. Natthawat Thanapinyanun and Mr. Navin Vongchankit Independent Director/ Chairman
of the Audit Committee propose the re-election of the retiring directors, to serve the position of
director for another term.

Board of Directors’ Meeting

The Board of Directors sets the meeting schedule of entire year in advance. The meeting
is usually convened quarterly unless irregular meeting is needed. The chairman or designated
director ensures that all directors receive all relevant documents prior to the meeting so that they
have sufficient time to study all the issues before attending the meeting or casting their votes. The
given documents must be clear, analytical and sufficient of recommendation.

There were 4 times meetings held in 2024. Please see the attendance record of directors.
Name Position Time of Attendance
1. Mr. Huang, Wen-Sung Chairman of Board 4/4
2. Ms. Lu, Yen-Chuan Director 0/4
3. Mr. Natthawat Thanapinyanun Director 4/4
4. Ms. Hwang, Feng-Mei Director 4/4
5. Mr. Navin Vongchankit Independent Director/ 4/4
Chairman of the Audit Committee
6. Mr. Jirawat Huang Independent Director 4/4
7. Mr. Phiphat Wangphichit Independent Director 4/4

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