Page 91 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 91

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

Rabbit-Line Pay Company Other income KEX has entered into an
Limited (“RLP”) agreement with RLP to
Commission income 0.001 -
A jointly controlled entity of Trade and other receivables 0.0003 - allow RLP customers to
VGI, which has 15.45% stake top-up their Rabbit LINE
in KEX Trade and other payables 0.02 - Pay E-Wallet at KEX’s
parcel shops and couriers
Common director: Mr. Ng Kin at fixed percentage rate,
Hang Alex which was agreed upon by
both parties.

Purchases of goods and KEX pays a transaction fee Key Milestones
services for transactions made via
Rabbit LINE Pay E-Wallet
Cost of sales and services 14.86 -
to RLP at a fixed percentage
Trade and other receivables 13.06 - rate which is comparable to
that of third party service
providers. Business Overview

Rabbit Care Broker Company Sales of goods and services KEX provides last mile
Limited (fka. Rabbit Insurance Sales and service income 3.34 - delivery services for RCB.
Broker Company Limited) The last mile delivery rates
(“RCB”) Trade and other receivables 0.30 - charged to RCB are
comparable to those
A subsidiary of VGI, which has
15.45% stake in KEX charged to third party.

Rabbit Rewards Company Sales of goods and services KEX vs RR exchange the Governance Structure and Practices
Limited (“RR”) Other Income 0.56 - cash coupon to each other.

A subsidiary of VGI, which has Purchases of goods and 0.60 - RR provide cash coupon to
15.45% stake in KEX use with department store,
services movie and food & beverage
Cost of sales and services which for redemption of
Kerry point. KEX provide
cash coupon to use in
KEX’s parcel shop. Financial Performance

Sustainable Development