Page 77 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

Scope and Responsibility of the Board
The Board of Directors has set a clear scope of responsibility of the board of directors (refer
to page 69 –72), which is followed strictly by the board in 2024.

Internal Control/Audit System
The company has developed the internal control system to monitor and audit the area
including finance and operation to ensure that they comply with the law and regulations. It would
provide the balancing mechanism for the company to protect the shareholders’ investment and the
company asset. The company established internal auditing unit to audit and ensure that all
departments are operated in accordance with the regulations, and moreover to assess the
efficiency of the auditing work. The board of directors ensured that the internal auditing unit is
independent and can serve as balancing mechanism. In 2024, the internal auditor has presented
the report on the efficiency of the control system to the board of audit committee and board of
directors for review.

7. Corporate governance structure and significant information related to the Board of Directors,
subcommitees, executives, employees and others

7.1 Management structure
The management structure of the company is composed of the Board of Directors, the audit
committee and the management team, details of which are as follows:
7.2 Information on the Board of Directors
The Board of Directors as at Dec 31,2024

No. Name-Last Name Position
1 Mr. Huang, Wen-Sung Chairman of Board
2 Ms. Lu, Yen-Chuan Director
3 Mr.Natthawat Thanapinyanun Director
4 Ms. Hwang, Feng-Mei Director
5 Mr. Navin Vongchankit Independent director and Chairman of the
Audit Committee
6 Mr. Jirawat Huang Independent director and Audit Committee
7 Mr. Phiphat Wangphichit Independent director and Audit Committee

Directors authorized to sign on behalf of the company

The authorized directors who may sign to bind the company are two of the following Mr. Huang,
Wen-Sung; Ms. Lu, Yen-Chuan; Mr. Natthawat Thanapinyanun and Miss Hwang, Feng-Mei who
must jointly sign, together with the affixation of the official company stamp.

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