Page 71 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

The Audit Committee as at Dec 31, 2022

No. Name-Last Name Position
1 Mr. Navin Vongchankit Chairman of the Audit Committee
2 Mr. Jirawat Huang Audit Committee
3 Mr. Phiphat Wangphichit Audit Committee

Name of chief of internal auditor: Miss Huang Tsai - Ting
One audit committee member has basic knowledge in accounting and finance, namely:
Mr. Navin Vongchankit graduated from Seattle University, Washington USA, Master of
Business Administration.

7.3 Information on subcommittees
Sub-Committee of Board of Directors

The scope of work and responsibilities of the Board of Directors, Audit Committee
Executive Board, Managing Director in accordance with Public Limited Company Act and
related Acts are as follows:

The Board of Directors

1. To perform its duty in the most professional manner to comply with all laws, the
company’s objectives, articles of association and shareholder’s resolutions as well as to
preserve the company’s benefit and interests.
2. To determine the company’s direction and control all business operations in accordance
with the related government entities’ rules and regulations. To assure the disclosure of
information to shareholders and related entities as well as perform transparency
management to achieve optimal benefits to the company.
3. To ensure that business is operated efficiently and in compliance with all regulatory
bodies such as the Stock Exchange of Thailand (SET) and the Securities and Exchange
Commission (SEC).
4. To ensure that the company has effective internal control systems and an internal audit
unit that works closely with the audit committee.
5. The Board of Directors may establish an executive board and a management team or
delegate control to other persons to manage the company under the Board of Directors’
supervision. The delegation must be accompanied by responsibilities and limitation of the
control and must not be delegated to persons in circumstances that would lead to conflicts
of interest with the company and its subsidiaries.
6. To have the intention to run the business continuously and conduct themselves with
honesty and integrity and to be interested in the business in which they hold the
directorship.
7. To be consistently responsive to the shareholders and protect their interests as well as
providing to them fair, complete and transparent disclosure.

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