Page 124 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

6. Related party transactions

The followings are relationships with related parties.

Country of
Name of entities incorporation Nature of relationships
Fastbolt International Pte. Ltd. Singapore Associated Company
Tycoons Group Enterprise Co., Ltd. Taiwan Ultimate parent company
Tycoons Group International Co., Ltd. Cayman Parent company
Tycoons Vietnam Co., Ltd. Vietnam Subsidiary of parent company
Huanghua Jujin Hardware Products Co., Ltd. China Subsidiary of parent company
Huanghua Jujin Import & Export Trading Co., Ltd. China Subsidiary of parent company

TY Steel Co., Ltd. Thailand 5.94% holding by parent company
19.43% holding by the Company
Jin Hai Hardware Co., Ltd. Thailand 18.19% holding by parent company

During the year, the Group had significant business transactions with related parties. Such
transactions, which are summarised below, arose in the ordinary course of business and were

concluded on commercial terms and bases agreed upon between the Group and those
related parties.
(Unit: Million Baht)
Consolidated/Separate
financial statements Pricing policy

2022 2021
Transactions with ultimate parent
company
Sales 698 1,186 With reference to market price
Purchases of raw materials 131 953 With reference to market price
Purchases of fixed assets 4 3 Contract price
Transactions with associated company
Sales - 231 With reference to market price
Other income - 13 With reference to market price
Purchases of raw materials - 1,790 With reference to market price
Purchases of goods - 15 With reference to market price
Transactions with related companies
Sales 228 339 With reference to market price
Purchases of raw materials 2,117 - With reference to market price

110