Page 160 - Anual report STi 2022_eng

Transaction (Million Baht)
Persons/juristic persons For the year For the year Necessity and Suitability
Relationship
who may have conflicts characteristics Item Characteristics Ended Ended of Related Party Transactions
of interest December 31, December 31, Opinion of the Audit Committee

2021 2022
5. TCC Assests There are common Service Income Necessity and Suitability

(Thailand) Company directors with the - Income from 0.40 - In 2021, the Group provided
Limited parent company consulting and construction management and
of Univentures project management supervision services for the renovation
of the Park Ventures Ecoplex building,
Capital Company st
Limited. 21 floor, under a project service
agreement with normal business
contract conditions. The gross profit
margin was found to be similar to
other similar projects.
Opinion of the Audit Committee
The aforementioned transaction is a
normal business transaction of the
Company Group with fair prices and
conditions comparable to those of other
parties who are not connected (arm's
length basis).

6. Frasers Property and The major Service Income Necessity and Suitability

BFTZ Company Limited shareholders - Income from 0.55 - The Company Group provided
of the Group consulting and services for the Unicorn Bangplee
have common project management 2 Project with a service agreement
directors with - Unbilled receivables 0.16 0.16 that had normal business conditions.
the parent Upon comparison with similar
company of projects that provided services to

Univentures others, it was found that the gross
Capital Company profit margin was similar.
Limited. Opinion of the Audit Committee
The aforementioned transaction is a

normal business transaction of the
Company Group with fair prices and
conditions comparable to those of
other parties who are not connected
(arm's length basis).

158 Annual Report 2022 (56-1 One Report)