Page 64 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

remove members of the board, appoint the external auditor, and make decisions on any
transactions that affect the company such as dividends payment, amendments to the
company’s articles of association or the company’s bylaws, capital increases or decreases,
and the approval of extraordinary transactions, etc.

The Board of Directors realizes the importance of shareholders’ meeting as
revealed in the policies to facilitate all shareholders equally in attending the meeting,
provide sufficient information timely in advance of the meeting so that the shareholders
have enough time to decide whether to attend or to designate representatives to attend the
meeting on their behalves. Shareholders are encouraged to query directors and allowed to
propose an agenda item, the directors on the other hand are obliged to attend the meeting
and answer the enquiries.

The Board of Directors must complete the minutes of the meeting and present to
the shareholders through the website as soon as possible within 14 days after the meeting.

1. Rights of Shareholders

The Company values the right of shareholders by convening the shareholders
meeting annually as requested by the law. For year 2022, The Company has held the
meeting on April 26, 2022 and 5 directors attended the meeting.

The Company has assigned Thailand Securities Depository Company Limited
(TSD), the registrar of The Company security, to distribute all the meeting notice to all
shareholders 14 days prior to the meeting (4 April, 2022).

The Company has allowed the shareholders to authorize representatives to attend
the shareholders’ meeting on their behalf, and if the shareholders cannot find one, The
Company also proposes an independent director to take the task. In 2022, Independent
director (Chairman of the Audit Committee) was Mr. Navin Vongchankit.

The Company encouraged the shareholders to express their opinions and ask
questions during the 2022 annual shareholders’ meeting, in which the directors are
responsible for answering the questions. For this particular meeting The Company allow
the shareholders to propose the agenda of the meeting on December 21, 2021 to January
21, 2022.

The Company has posted the meeting invitation on the website, ww.tycons.com, 30
days prior to 2022 annual shareholders’ meeting and posted the minutes of meeting 3 days
after the meeting.

2. Equitable Treatment of Shareholders

The Company keeps updating its status quarterly through SET website in time as
requested.

55