Page 89 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 89

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

Purchases of goods and As KEX provides export
services services which include
Purchase of goods 6.74 9.64 pick-up cargo, express
export custom clearance,
Trade and other payables 0.77 (0.03) arranging the air freight to

Cash on delivery payable - 0.01 the destination as well as
doing the import custom
clearance and last-mile
delivery at the destination
countries. KECOM provides Key Milestones
services in part of import
custom clearance and
last-mile delivery at the
destination countries. The
fee charged is comparable
to third party companies Business Overview
that offer the same service.

KEX pays for damage and
loss to KECOM at the
comparable rate to that of
third parties.

SHENZHEN S.F. TAISEN Other income Expenses of SF TAISEN
HOLDING (GROUP) CO., LTD. Other income 9.33 30.35 employees who worked for
(“SF TAISEN”) international assignment. Governance Structure and Practices
Trade and other receivables 9.33 39.68 KEX paid expenses on
A subsidiary of S.F. Holding
Co., Ltd, KEX’s ultimate major behalf of SF and be able to
shareholder reimburse with SF later.

Purchases of goods and Expenses of employees
services who were transferred from
SF to KEX
Purchase of services 28.55 106.89
Trade and other payables 28.55 135.43 Financial Performance

Sustainable Development