Page 4 - Annual report eng 2020

Tycoons Worldwide Group (Thailand) Plc.

1. Policy and business operating overview

Background

Tycoons Worldwide Group (Thailand) Public Co., Ltd. (hereinafter called “TYCN”) was
established on September 9, 1996. TYCN is 70.30% owned subsidiary of Tycoons Group
International Co., Ltd. (hereinafter called “TGI”), which was incorporated in the Cayman
Islands and 100% owned by Tycoons Group Enterprise Co., Ltd. (hereinafter called “TGE”).
TYCN converted to a public company on July 9, 2003, and became a listed company on
December 11, 2003. TYCN’s principal business is to produce and sell wire rod, reinforcing
bars (including deformed bars and round bars), annealed wire, screws, bolts and thread rod
internationally and in Thailand. TYCN is the only one producer in Thailand who has a world-
class midstream to downstream vertically integrated plant. The capacity per year for wire rod,
annealed wire, screws and bolts are 360,000 tons, 108,000 tons, 18,000 tons, and 36,000 tons
respectively. All of TYCN’s productions are done by its plants in Rayong, Thailand.

1.1 General operating policy

Vertical integration, focus on cost down, catch customer requirements for products
indeed, and constantly innovative ideas, raise the bar for ourselves.

1.1.1 Operational visions

1. Follow vertical integration policy to expand into upstream industry be in control of the
upstream material, billets.

2. Keep promoting TYCN’s reputation and maintain the leadership in production, sale,
and service of wire rods and reinforcing bars in Thailand.

3. Be a sustainable enterprise which takes responsibility for local environment,
community and society.

1.1.2 Operational Missions

1. Keep raising product quality, improving efficiency, and lowering production cost.
Produce and sell price-competitive steel products which meets customers’ demand.

2. Obey environmental policy, well utilize resources, minimize pollutions, and properly
dispose waste in accordance with environmental regulations.

3. Care for social responsibility and make both TYCN and the community everlasting.

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