Page 23 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

Corporate Governance Risk

Person in the position of Chairman and the person in the position of the President
of the Company belong to the same family which may make it seem the Company has no
balance of power between the Board of Directors and Management. However, the Company
realizes the importance of good corporate governance. Therefore, a charter has been
prepared which specifies the duties of the Chairman of the Board, the Board of Directors
and the President of the Company. Which makes the division of roles between the Board of
Directors and the management, there is a clear and proper balance which is in line with the
good practice guidelines of the Good Corporate Governance Principles of Listed
Companies 2017.

Cyber Threat Risk

The risk of cyber threats is an important matter and affect the operations of the
Company, especially important systems such as network systems, financial and accounting
systems, internal management system of human resources which such work system
contains personal information that the Company possesses as well. If there is a problem
with the Company's information technology system, access to personal data held by the
Company. It will affect the operation and reputation of the Company. The Company has
planned and invested to develop work systems to support new technologies and protection
against cyber threats, including improving computer networking to be available to avoid
the failure of the network and the server, so that the system can work continuously. Prevent
intrusion (Network) and set strict security control measures, such as computer security
(Firewall), assigning rights to access information. Setting up a network to set up a backup
center to support emergencies in order to keep the business running.

Epidemic risk

Due to the epidemic situation of COVID-19 which has spread widely and affects
both at domestic and international. As a result, Thailand has a direct impact on the economy
and society. Which in many areas within Thailand, there has been a heavy outbreak and in
some areas have been designated as the highest control area according to the announcement
of the Center for Disease Control of the Coronavirus Disease 2019 (CCDC) where the
Company is aware of the safety of its employees. The Company has issued epidemic
prevention measures to suppress such risks and take such measures to control risks
immediately by defining measures to prevent the spread of COVID-19 (Work from home)
which aims to protect employees in the organization from the epidemic and spread of
COVID-19 that has spread severely and in a circle wide at that time as a result of the control
measures of the Company, resulting in employees healthy and the Company's business can
continue as usual.

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