Page 69 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

There were 6 times meetings held in 2022. Please see the attendance record of directors.

Name Position Time of Attendance
1. Mr. Huang, Wen-Sung * Chairman of Board 6/6
2. Ms. Lu, Yen-Chuan * Director 0/6
3. Mr. Natthawat Thanapinyanun Director 6/6
4. Ms. Hwang, Feng-Mei Director 6/6
5. Mr. Navin Vongchankit Independent Director/ 6/6
Chairman of the Audit Committee
6. Mr. Jirawat Huang Independent Director 6/6
7. Mr. Phiphat Wangphichit Independent Director 6/6

*Appoint Mr. Huang Wen Sung director of the Board as the Chairman of the Board
of Directors in replacement of Ms. Lu Yen Chuan resigned. This appointment shall be
effective from 09 June, 2022 onwards.

Scope and Responsibility of the Board
The Board of Directors has set a clear scope of responsibility of the board of
directors (refer to page 62-65), which is followed strictly by the board in 2022.

Internal Control/Audit System
The company has developed the internal control system to monitor and audit the
area including finance and operation to ensure that they comply with the law and
regulations. It would provide the balancing mechanism for the company to protect the
shareholders’ investment and the company asset. The company established internal auditing
unit to audit and ensure that all departments are operated in accordance with the
regulations, and moreover to assess the efficiency of the auditing work. The board of
directors ensured that the internal auditing unit is independent and can serve as balancing
mechanism. In 2022, the internal auditor has presented the report on the efficiency of the
control system to the board of audit committee and board of directors for review.

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