Page 128 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
system, risk management at an acceptable level, and good corporate governance in place in accordance
with the principles of good governance. There are Audit Committee Charter, Internal Audit Office Charter
and Internal Auditor Code of Conduct to be used as clear operating guidelines and they shall be appropriately
reviewed regularly to make them up to date every year.
Connected Transactions
In 2025, the Company has 1 connected transaction as follows:
1. Individuals or related businesses: Sahakarn Holding Company Limited
Relationship: Mr. Thepthai Sila and Mr. Varanyu Sila are joint
directors with the Company
Type: Normal business
Size: 12,000 Baht
Nature: Sahakarn Holding Company Limited brought 1 car to be
auctioned at the company
Policy and trend of future connected transactions
The Company may have a chance to conduct related party transactions with individuals who may
have conflicts of interest in the future. In the case of normal business transaction and business support
transaction under the normal trading condition, the Company states in the policy that such transactions
shall comply with the normal conduct in the aspect of market price. The price comparison can be made
against the external case that complies with the regulations approved by the Company’s BOD and the
Securities and Exchange Act. This shall be followed strictly and the price and conditions of the transactions
shall be stated clearly, transparently and shall not cause any transfer of benefits.
In the case of new transactions or changes in price and conditions, the internal audit shall audit the
information and report to the Audit Committee for the consideration on the reasonableness of price and
transaction every quarter. In the case of normal business transaction or business support transaction
without any trading condition and other related party transactions, the Company will follow the standard
and procedures of related party transactions approval as stated above. The loan issued to related parties,
such as major shareholders or the companies of major shareholders will not be granted in the future.
128
Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)