Page 18 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

TGE was approved to be incorporated by the Ministry of Economic Affairs under
the company law of the Republic of China on November 20, 1980. Its total registered
capital as of December 31, 2022 was NT$ 7,000 million, paid-in capital was about NT$

4,798 million Currently, TGE’s main business is to produce annealed wire using wire
rod, raw material imported from TYCN. TGE also directly sells wire rods and
annealed wire to customers in the Taiwan market. TGE currently has the production
facility in Taiwan for production of annealed wire, bolt and the only heat treatment
facility in Taiwan for the screws. TGE also took the view that there was further
potential for upward integration in its industry. Thus, after consideration,

TGE established TYCN in Thailand as its production base for upward integrated
products (wire rods as well as annealed wires and screw). TGE chose Thailand as a
production base because Thailand is extremely competitive in terms of logistics and
manufacturing cost. TGE’s investment in TYCN is done through the TGI to take
advantage of advantageous tax treatment. TGE’s primary market is limited to Taiwan
to avoid so-called cannibalization within its group of companies. In accordance with
company policy, management and operation of TGE and TYCN are clearly separated,
and the two management teams are independent each other, in order that each
company is acting in its own best interests.

1.3.2 Shareholders

Names of the ten largest shareholders of the company on March 16, 2022

Name Number of Percentage
shares (shares) (%)
180,470,477.00
TYCOONS GROUP INTERNATIONAL CO., LTD. 30.24

PURPLE METAL CO., LTD. 144,770,136.00 24.26
69,249,779.00 11.60
PROSPER STEEL CO., LTD.
CITI (NOMINEES) LIMITED-FIRST COMMERCIAL 57,860,000.00 9.70
BANK-TDR
THAI NVDR COMPANY LIMITED 36,657,780.00 6.14
BANQUE PICTET & CIE SA 18,176,300.00 3.05
MR. JAMROEN RUNGWATTANASET 13,400,000.00 2.25
MR. SOMCHAI PADPHAI 6,917,300 1.16
MISS YAO, CHIN-HSIANG 3,431,387.00 0.58
MR. WATCHARA PANJAWATTANA 3,030,000.00 0.51
Other 62,785,741.00 10.52

TOTAL 596,748,900.00 100

Investors can check and update shareholder information from the company's website
before the shareholders' meeting.

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