Page 83 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 83

Related Party Transaction

Total Amount Operational Highlights and Financial Summary
Related Parties / Nature of (Unit: THB Million) Transaction
Relationships Transactions Rationale
Year 2023 Year 2024

Kerry Logistics (Thailand) Sales of goods and services KEX provides a Last Mile
Company Limited (“KLTH”) Sales and service income 3.91 5.81 delivery service and

A subsidiary of Kerry Logistics Sales of equipment 0.09 - collects COD for KLTH.
Network Limited (“KLN”), an The Last Mile delivery
indirect subsidiary of S. F. Trade and other receivables 1.02 3.05 and COD surcharge
Holding Co., Ltd., and KEX’s rates and conditions are
ultimate major shareholder comparable to those given Key Milestones

Common Director: Mr. Kledchai to third party.
Benjaathonsirikul
Purchases of goods and KEX pays KLTH for damage
services and loss at the rates
comparable to those of
Cost of sales and services 0.03 0.07
third party. Business Overview
Cash on delivery payable 0.50 0.25

KMMT Company Limited Sales of goods and services KEX provides Last Mile
(“KMMT”) delivery services for KMMT.
Sales and service income 0.08 0.13
A subsidiary of Kerry Logistics Trade and other receivables 0.01 0.04 The Last Mile delivery rates
Network Limited (“KLN”), an charged to KMMT are
indirect subsidiary of S. F. comparable to
Holding Co., Ltd., and KEX’s those charged to third party.
ultimate major shareholder Governance Structure and Practices

Common Director: Mr. Kledchai
Benjaathonsirikul

Kerry-APEX (Thailand) Sales of goods and services KEX provides Last Mile de-
Co., Ltd. (“K-APEX”) livery services for K-APEX.
Sales and service income - -
A subsidiary of Kerry Logistics The Last Mile delivery rates
Network Limited (“KLN”), an charged to K-APEX are
indirect subsidiary of S. F. comparable to
Holding Co., Ltd., and KEX’s those charged to third party. Financial Performance
ultimate major shareholder

Common director: Mr. Kledchai Purchases of goods and KEX uses K-APEX’s do-
Benjaathonsirikul services mestic air transportation

Purchase of services 4.16 30.84 services for urgent delivery
of high-value parcels. The
fee charged is comparable
to third party that offers the
same service. Sustainable Development