Page 173 - 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

11. Indara Insurance Public The subsidiary Director and Executive Necessity and Suitability
Company Limited of the Company Officer Liability Insurance The Group has purchased Director
shares common - Other receivables - 0.22 and Officer Liability insurance with
Indara Insurance Public Company
directors with
Limited annually. When compared to
the parent
offers from other insurers for the same
company of
amount of coverage, it is found that
Univentures Indara Insurance Public Company
Capital Company Limited has a similar premium rate

Limited. with more appropriate coverage
conditions.
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.

12. Indara Insurance The subsidiary Office Building Insurance The Group has purchased insurance
Public Company of the Company - Administrative - 0.03 for its buildings and assets in office
Limited shares common expenses buildings No. 163 and No. 123 with
directors with Southeast Insurance Public

the parent Company Limited on an annual
company of basis. The terms and conditions of
Univentures the contract are in accordance with
Capital Company normal business practices, and the

Limited. 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 171