SCI Annual Report 2015

Measures or Procedures for Approval of Connected Transactions
The Company has complied with the relevant rules,regulations and requirements of the Securities and Exchange Commission.
As for any transactions that might give rise to a conflict of interests and require approval of the Board of Directors and of the
Audit Committee, the Company has already complied with such rules, regulations or requirements, whereby the grant of
approval for the said connected transactions shall take into account the optimum benefits to the Company, fairness and
justifications of the transactions as well as based on market prices in the ordinary course of business. In addition, the interested
parties or those who might have a conflict of interests in such connected transactions shall not be allowed to participate in
the consideration and approval of the connected transactions so as to ensure the fairness and the optimum benefits to the
Company. As for any connected transactions falling under the criteria as specified in the regulations, notifications, orders,
requirements or rules of the Stock Exchange of Thailand, the Company has complied with the applicable requirements of the
Stock Exchange of Thailand.
Policy or Trend of Future Connected Transactions
The policy on consideration and approval of connected transactions with related businesses shall comply with the procedures
that require consideration by the Board of Directors and the Audit Committee while those who have interests or might
have a conflict of interests in connected transactions shall not be allowed to participate in the approval of such connected
transactions. The criteria used by the Board of Directors and the Audit Committee as guidelines in the consideration is that
related businesses are required to propose competitive products or services in terms of price and quality. On the contrary,
should the Company be to render services to any related businesses, the Company is required to propose price and quality in
line with standards or market price without giving any favorable benefit to the related businesses, which may result in transfer
of benefits to those who might have a conflict of interests with the Company.
For secure loan by the Company’s director, the financial institutions normally required the Company’s director to guarantee
of mortgage contracts together with the Company. To enter into the loan contract, the Company’s director agreed to
guarantee the loan without any compensation or other benefits. However, the Company has been started to requeste the
financial institution for release all secure loan by the Company’s Director since IPO’s process.
Annual Report 2015
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