Page 92 - Microsoft Word - One-Report-Eng 2024 Final.docx

9.2.1 During the year 2024 and 2023, the company has entered into connected transaction with persons/parties, which may create conflict of interest
Tycoons Worldwide Group (Thailand) Plc.
Amount of connected Pricing policy / Necessity and Appropriateness / Remarks transaction (MB) 2023 2024 The audit committee reviewed and commented as follows: 59 - (1) Sales for wire rod and annealed wire : The market in Taiwan is substantially large relative to Thai market, thus motivating TYCN selling to TGE in Taiwan. Some of wire rod 82 41 and annealed wire sold to TGE will be used internally whilst most of it will be on sold to Taiwanese customers. The logic behind selling through TGE is due to TGE’s long-term can directly grasp the market It profile with T

-Income from sales -Buy raw materials and consumables -Buy fixed assets -Buy raw materials and consumables -Income from sales -Other income -Buy products -Income from sales -Buy raw materials and consumables -Income from

9.2 Related party transactions as follows: Person who may have conflict of interest RelationshipTransaction Holding 100% 1.Tycoons Shares of Group Parent Enterprise company (TGE) 5.94% 2.TY Steel owned of Company Parent Limited company 19.43% owned of TYCN 49.41% 3. Fastbolt owned of Internationa parent l Pte. Ltd company 47.47% owned of TYCN 18.19% 4.Jinhai owned of Parent Hardware company Co., Ltd.