Page 93 - Microsoft Word - One-Report-Eng 2024 Final.docx

establish the

can directly grasp the market
machinery parts cannot be

relative to Thai market, thus motivating TYCN selling to TGE in Taiwan. Some of wire rod
and annealed wire sold to TGE will be used internally whilst most of it will be on sold to
(1) Sales for wire rod and annealed wire : The market in Taiwan is substantially large
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.

Pricing policy / Necessity and Appropriateness / Remarks
It Taiwanese customers. The logic behind selling through TGE is due to TGE’s long-term profile with Taiwanese customers. and can avoid the sales expenses of the company to (2) Materials, supplies and fixed assets. : The transactions between the Company and the parent company TGI and the associated company TY STEEL's for raw materials and fixed assets are based on the operation requirements and the transaction price is based on the market price. The raw materials purchased from TGE are mainly used to produce fasteners acquired locally, therefore will are sourced in Taiwan via TGE
The audit committee reviewed and commented as follows:

and information through it, marketing channel again or need to invest in marketing in Taiwan market. specifically, the annealed wire chemical component, die and inventory and re-sale period of TGE to end-customers. normal are at market price.

relationships 82

Amount of connected transaction (MB) 2023 2024 59 - 82 41 4 5 1,602 875 101 143 - - - - 138 117 - - 52 38

-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.