Page 378 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

4) Other transactions
Persons or Companies Transaction value (Baht : Million)
Necessity and rationale of Audit Committee’s
which may have
conflict of interest Transaction 2019 2020 2021 transactions Opinion

4.1 Trading of The 1 point after business restructuring
HCDS Group: The 1 point 928.92 658.99 640.17 point-earned and point business transactions which
- The 1 Central Limited expenses redemption rate are fixed rates the Group receive services
(point- which are comparable with from The 1. Service rates
earned) other companies in The 1 group. are agreed and will not
cause any disadvantages
The 1 point 1,323.44 1,147.11 1,119.80 to the Group. Therefore,
income transac tions are
(point The 1 also charges additional reasonable and beneficial
redemption) operating cost referring to the to the Group.
points which are redeemed
Management 194.36 170.27 169.61 by customers. If there will be
Fee – The 1 an adjustment of operating
cost, it shall be approved by
Sales 69.34 37.53 41.84 the Audit Committee before
promotion
being applied. Moreover, the
expenses
Group considered that these
transactions are favorable for the
Group, and they are necessary
to continue the agreement in
the future.

Moreover, The 1 could attract
more customers to the Group
and provided services relating
to sales promotion such as
sending SMS to The 1 members.
Service charges are calculated
by actual service costs which
are comparable.

378 Annual Report 2021 (Form 56-1 One-Report)