Page 88 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

88 ONE REPORT (FORM 56-1) 2024

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

ABX EXPRESS (M) SDN. BHD. Other income KEX provides IT services to
(“ABX”) ABX at the cost-plus
IT Service income - -
A subsidiary of Kerry Logistics Trade and other receivables 6.47 6.47 margin basis.
Network Limited (“KLN”), KEX’s
Operational Highlights and Financial Summary
major shareholder, and an indi- Trade and other payables - 0.16
rect subsidiary of S. F. Holding
Co., Ltd.

PT. KERRY NEX EXPRESS Other income KEX provides IT services to
(“KNEX”) KNEX at the cost-plus
IT service income - -
A subsidiary of Kerry Logistics Trade and other receivables 0.89 0.89 margin basis.
Key Milestones
Network Limited (“KLN”), KEX’s
major shareholder, and an
indirect subsidiary of S. F.
Holding Co., Ltd.
Common director: Mr. Ng Kin
Hang Alex
Business Overview

KERRY EXPRESS (SINGA- Other income KEX provides IT services to
PORE) PTE. LTD. (“KSIN”) KSIN at the cost-plus
IT service income 1.69 -
A subsidiary of Kerry Logistics Trade and other receivables 1.69 1.69 basis.
Network Limited (“KLN”),
KEX’s major shareholder, and
an indirect subsidiary of S. F.
Holding Co., Ltd.

Kerry Ecommerce Limited Sales of goods and services KEX provides custom
Governance Structure and Practices
(“KECOM”) clearance, last mile delivery
Sales and service income 175.22 68.01
A subsidiary of Kerry Logistics Trade and other receivables 21.65 64.20 service and collects COD
Network Limited (“KLN”), for KECOM. The last mile
KEX’s major shareholder, and delivery and COD surcharge
an indirect subsidiary of S. F. rates and conditions are
Holding Co., Ltd. comparable to those given
to third parties.

KECOM provide fulfillment
Financial Performance
service to KEX for Jan - Mar
2023.

Sustainable Development