Page 82 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

* Mr. Surabhon Kwanchaithunya resigned from the position of independent director and
Chairman of the Audit Committee effective from September 30, 2021 onwards.

**Appoint Mr. Navin Vongchankit as Independent Director and Chairman of the Audit
Committee effective from October 20, 2021onwards.
***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.
Changes of Directors' Remuneration 2022
Due to the resolution of the 2022 Annual General Meeting of Shareholders on April 26,
2022. From May 2022 onwards, each director remuneration will be added 10,000 baht per
month, so the total remuneration of the 7 directors in 2022 will be 1,640,000 Baht.

8.1.3 Supervision operations of its subsidiaries and associates

The Company investment in subsidiaries or associated company must be approved
by the Board of directors and authorized the Chairman/directors on behalf of the Company
as the Chairman/directors of the subsidiaries and associated company by the proportion of
shareholding.

8.1.4 Monitoring of compliance with the corporate governance policy and
guidelines

(1) Supervision of internal information
1. The company has a policy on supervision of usage of internal company
information by its executives and staff for their own benefit. The executives and staff who
come to possess internal company information are not permitted to buy or sell the securities
of the company 1 month prior to the company announcing its results of operations (financial
statements).

2. Significant information that may affect the price of securities. The company
announces its results of operations within 45 days from the end of a financial quarter and
60 days after the end of the accounting year.
3. The company also requires that its executives prepare and submit to the Office
of Securities and Exchange Commission reports on holdings of shares by them, their
spouses and underage children, in listed companies in respect of which they are executives
(according to the Securities and Exchange Act B.E. 2535 Section 59 and pursuant to Section
275 which stipulates that any director, manager, person who holds a management position
or auditor who contravenes or fails to comply with Section 59 shall be liable to a fine not
exceeding five hundred thousand Baht and a further fine not exceeding ten thousand Baht
for every day during which non-compliance continues).

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