Page 176 - 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

17. North Oark Golf There are common Other expenses Necessity and Suitability
and Sport Club directors with the - Administrative 0.93 2.48 It is a service fee for the business
Company Limited parent company expenses operations of the Company Group.

of Univentures - Other receivables 0.74 0.32 The service fee is comparable to
Capital Company - Other payables - 0.13 the fee charged by other companies
Limited. providing the same service.
Opinion of the Audit Committee
The aforementioned transaction

is a normal business transaction
of the Company Group. The Audit
Committee has considered and

had an opinion that the transaction
is fair and reasonable.

18. TCC Hotel Asset There is Other expenses Necessity and Suitability
Management an ultimate - Administrative - 0.09 The subsidiary have paid a service
Company Limited shareholder expenses fee and space rental cost for
in the parent organizing the annual seminar with

company being TCC Hotel Asset Management
a relative of Company Limited for use in the
an ultimate Group's business operations.
shareholder in The pricing of such services is

Univentures comparable to those offered by
Capital Company other companies providing similar
Limited. services.
Opinion of the Audit Committee

The aforementioned transaction
is a normal business transaction
of the Company Group. The Audit
Committee has considered and had

an opinion that the transaction is fair
and reasonable.

174 Annual Report 2022 (56-1 One Report)