Page 76 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

* Mr. Surabhon Kwanchaithunya resigned from the position of independent director and
Chairman of the Audit Committee effective from September 30, 2021 onwards.
**Appoint Mr. Navin Vongchankit as Independent Director and Chairman of the Audit
Committee effective from October 20, 2021onwards.

8.1.3 Supervision operations of its subsidiaries and associates

The Company investment in subsidiaries or associated company must be approved
by the Board of directors and authorized the Chairman/directors on behalf of the Company
as the Chairman/directors of the subsidiaries and associated company by the proportion of
shareholding.

8.1.4 Monitoring of compliance with the corporate governance policy and
guidelines

(1) Supervision of internal information
1. The company has a policy on supervision of usage of internal company
information by its executives and staff for their own benefit. The executives and staff who
come to possess internal company information are not permitted to buy or sell the securities
of the company 1 month prior to the company announcing its results of operations
(financial statements).

2. Significant information that may affect the price of securities. The company
announces its results of operations within 45 days from the end of a financial quarter and
60 days after the end of the accounting year.
3. The company also requires that its executives prepare and submit to the Office
of Securities and Exchange Commission reports on holdings of shares by them, their
spouses and underage children, in listed companies in respect of which they are executives
(according to the Securities and Exchange Act B.E. 2535 Section 59 and pursuant to
Section 275 which stipulates that any director, manager, person who holds a management
position or auditor who contravenes or fails to comply with Section 59 shall be liable to a
fine not exceeding five hundred thousand Baht and a further fine not exceeding ten
thousand Baht for every day during which non-compliance continues).

(2) Principles for countering bribery and against corruption

Our policy for countering bribery and against corruption has been stipulated and
approved by board of directors on November 13, 2014. Please refer to our web site
(www.tycons.com) corporate governance of investor relations page. In 2020, the
company's internal audit unit did not receive any complaints about violations of this policy.

8.2 Report on the results of duty performance of the Audit Committee in the
past year

The report of the audit committee of year 2021 as follows:

The audit committee jointly reviewed the 2021 annual consolidated
financial statements with the certified public accountant for presentation to the board of
directors for acknowledgement; discussed with relevant parties at meetings; reviewed

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