Page 119 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
The Audit Committee shall report to the Board of Directors the connected transactions and/or
the transactions containing conflicts of interest that have been carefully considered and been in compliance
with the regulations of SET and/or SEC. Such information shall be disclosed in the notes of financial
statement and Form 56-1 One Report as well.
In addition, the Company has a policy to prohibit the Company’s director or executive to hold
director or executive position in other company or business which may cause conflict of interest with the
Company. In case the top management shall hold the position in other company, an approval must be
granted from the Board of Directors first.
During 2025, the Company did not have any transaction which may have conflict of interest
with the connected person or business at all. The knowledge providing on business ethnics with regard
to the prevention of conflict of interest has been arranged for the directors through the annual review and
training to the executives, and the employees through in-house training from the human resources departmant
and the orientation session.
● Anti-Unfair Competition
The Company adheres to conduct business fairly and in accordance with the law, so that the
customers can have a variety of services at reasonable prices by encouraging free competition and refraining
from performing any act that may result in unfair trade or obstruct market mechanisms that may affect the
stakeholders, with the practical guidelines as follows:
1) Avoid setting prices of products or services or taking any operation which may restrict
business competition, causing the competitors to exit the market.
2) Avoid behavior that may lead to the use of power, depriving or destroying small competitors.
3) Avoid behavior which has nature of a joint agreement between business competitors to
create a market monopoly or has nature of a joint agreement on market share, resulting in distortion of
market prices.
● Use of inside information to seek benefits
The Company specified guidelines to prevent abuse usage of inside information for personal
gain in the Company’s business ethics and such details was disclosed in the Company’s website in the
‘Corporate Governance’ topic. There is a providing training to directors through annual review and providing
training to executives and employees every year.
In 2025, there are no directors nor executives were found to be using inside information to seek
benefits for themselves or others.
บริิษััท สหการประมููล จำำากัด (มหาชน)
Union Auction Public Company Limited
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