Page 18 - Annual report eng 2019

Tycoons Worldwide Group (Thailand) Plc.

1. The dividend was paid: the company omitted annual dividend for 2016, 2017 and
2018.
2. The payment rate compared to the net profit: the company omitted annual
dividend for 2016, 2017 and 2018.

7. Management structure
The management structure of the company is composed of the Board of Directors, the audit
committee and the management team, details of which are as follows:

7.1 Board of Director
The Board of Directors as at Dec 31,2019

No. Name-Last Name Position
1 Ms. Lu, Yen-Chuan * Chairman of Board
2 Mr. Huang, Wen-Sung * Director
3 Mr. Natthawat Thanapinyanun Director
4 Ms. Hwang, Feng-Mei Director
5 Mr. Surabhon Kwunchaithunya Independent director and
Chairman of the Audit Committee
6 Mr. Jirawat Huang Independent director and Audit Committee
7 Mr. Phiphat Wangphichit Independent director and Audit Committee
*Mr.OuYang, Lung resigned director position effective from 24 February, 2014 onwards.
1) All Independent Director Members has requisite qualification in accordance with relevant SEC
and SET rules and guidelines, (specifically, that such members has one accounting or finance
backgrounds is Mr. Surabhon Kwunchaithunya).

2) All Independent Director Members have no relationships (e.g., parents, spouses, children,
uncles and aunts) between the candidates and the management or majority shareholders of company
or its affiliates.

3) All Independent Director members have no relationships with Company/ parent company/
affiliated and associated companies or juristic persons with potential conflicts of interest at present
and during the past two years, as follows:

*Chairman of Board changing during the year.
Ms. Lu, Yen-Chuan, a replacement of Mr. Huang, Wen-Sung with effective on
August 21, 2019.
Independent director
1) All Independent Director Members has requisite qualification in accordance with
relevant SEC and SET rules and guidelines, (specifically, that such members had
one accounting or finance backgrounds is Mr. Surabhon Kwunchaithunya).
2) All Independent Director Members have no relationships (e.g., parents, spouses,
children, uncles and aunts) between the candidates and the management or majority
shareholders of company or its affiliates.
3) All Independent Director members have no relationships with Company/ parent
company/ affiliated and associated companies or juristic persons with potential
conflicts of interest at present and during the past two years, as follows:
○ Executive directors, staff, employees or advisers who earn salaries from Company.

○ Professional service provider.
○ Material business relationships with Company that may affect their independence.

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