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9.2.1 During the year 2021 and 2020, the company has entered into connected transaction with persons/parties, which may create conflict of interest as
Amount of connected Pricing policy / Necessity and Appropriateness / Remarks transaction (MB) 2020 2021 The audit committee reviewed and commented as follows: 282 1,186 (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 113 953 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 with Taiw
Revenue from sale Total Purchase of raw material and supplies Purchase of fixed assets Total Purchase of raw material and supplies Total Purchase of raw material Sales Other income Purchase of goods Sales Total Purchase of raw material Sales of equipments Total Purchase of raw material
Person who may have conflict of interest
Tycoons Worldwide Group (Thailand) Plc.
9.2 Related party transactions
Holding 100% Shares of Parent company Parent company 19.27% owned of TYCN 18.19% owned of parent company 60% owned parent of company 100% owned of parent ompany
follows: Relationship Transaction 1.Tycoons Group Enterprise (TGE) 2.Tycoons Group International (TGI) 3.TY Steel Company Limited 4.Jing Hai Hardware Co., Ltd. 5. HuangHua Jujin Hardware Products Co., Ltd. 6. Tycoons Vietnam Co., Ltd.
