Page 171 - Anual report STi 2022_eng

Transaction (Million Baht)
Persons/juristic persons Relationship For the year For the year Necessity and Suitability
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

7. South East Life There are common Vehicle Insurance Necessity and Suitability
Insurance Public directors with the - Administrative 0.03 0.01 The Company Group has an annual
Company Limited parent company expenses car insurance policy with Southeast
Insurance Public Company Limited
of Univentures - Other receivables 0.01 -
for 2 vehicles, a Toyota Camry and a
Capital Company
Toyota Alphard. When compared to
Limited.
offers from other insurers for the same
amount of coverage, it is found that
Southeast Insurance Public Company
Limited offers a lower premium rate
Opinion of the Audit Committee
The transaction is a normal business
support transaction of the Company
Group with reasonable premium
rates and appropriate conditions,
in accordance with normal trade
practices.

8. South East Life There are common Office Building Necessity and Suitability
Insurance Public directors with the Insurance In 2021, the Group has purchased
Company Limited parent company - Administrative 0.03 - insurance for its buildings and
of Univentures expenses assets in office buildings No. 163

Capital Company and No. 123 with Southeast
Insurance Public Company Limited
Limited. on an annual basis. The terms and

conditions of the contract are in
accordance with normal business
practices, and the insurance
premium rate is comparable to
the standard rate of Southeast
Insurance Public Company Limited.
Opinion of the Audit Committee
The transaction is a normal
business support transaction of the
Company Group with reasonable
premium rates and appropriate
conditions, in accordance with
normal trade practices.

Stonehenge Inter Public Company Limited 169