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Tycoons Worldwide Group (Thailand) Plc.


                    27.3  Fair values of financial instruments

                         Since the majority of the Group’s financial instruments are short-term in nature or carrying
                         interest  rates close  to the market  interest  rates,  their  fair value  is  not  expected  to be
                         materially different from the amounts presented in the statements of financial position.

                    28. Capital management
                         The primary objective of the Group’s capital management is to ensure that it has appropriate
                         capital  structure in order to support its business  and maximise  shareholder value. As at

                         31 December  2024,  the Group’s debt-to-equity ratio  was 0.41:1 (2023: 0.23:1) and the
                         Company’s debt-to-equity ratio was 0.43:1 (2023: 0.25:1).

                    29.  Approval of financial statements
                         These financial statements were authorised for issue by the Company’s Board of Directors
                         on 27 February 2025.







































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