Page 81 - One Report Thai Final_ENG_2021

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
can directly grasp the market
the
relative to Thai market, thus motivating TYCN selling to TGE in Taiwan. Some of wire rod
produce fasteners specifically,
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

It used to

with Taiwanese customers. Taiwanese customers. The logic behind selling through TGE is due to TGE’s long-term information through it, and can avoid the sales expenses of the company to establish the marketing channel again or need to invest in marketing in Taiwan market. (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 mainly are annealed wire chemical com
The audit committee reviewed and commented as follows:
Pricing policy / Necessity and Appropriateness / Remarks

relationships and profile materials purchased from TGE raw inventory and re-sale period of TGE to end-customers. normal are at market price. 71

Amount of connected transaction (MB) 2020 2021 282 1,186 113 953 2 3 - - 1,844 1,790 950 231 9 13 456 15 124 339 1 1 - - - -

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.