Page 48 - E-BOOK

For debt restructuring, the Company will evaluate the collaterals and repayment ability of the debtors.
The Company considers various factors such as salary, occupation, business type and existence of the such debt
guarantee. Furthermore, the Company will consider options in the debt restructuring process which includes A)
agreement on debt settlement by adjusting conditions of repayment such as extending term of debt settlement,
reducing interest rate and/or principal amount, (B) transferring collateral/ repayment property and (C) the conversion
of debts into equity. These are the methods the Company uses in the debt restructuring process depending on
repayment ability of each debtor.

In the negotiation for debt restructuring as mentioned, the Company focuses on reducing time of receiving
cash flow from the NPLs as soon as possible, whereas that the Company tries to achieve the agreement with the
debtors as soon as possible.

If the Company and the debtors can reach an agreement about debt restructuring, the Company will enter
into the debt restructuring agreement with the debtors to define debt settlement term, debt values payable, debt
repayment methods and agreements about collaterals and guarantees. Such debt restructuring agreement shall
be audited and approved according to the regulations in the Company; nevertheless, if the debtors are unable to
pay debts despite debt restructuring, the Company may negotiate with the debtors for additional debt restructuring.

Moreover, the Company also initiates a project known as “Sukjai Dai Ban Khuen” (pleased to have your
home back), which provide an alternative for compromising with debtors, whereas the Company gives an opportunity
to debtors, who haven’t been placed under the final receivership order, to reclaim their homes. For debtors to be
eligible to participate in the project, the principal must not exceed Baht 10.0 million. The debtor will be given with
the choice of one-time payment, whereas the debtors must pay the entire principal within 90 days, or the choice
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of installment payment, for a period of 20 years, at the rate of 80.0 percent of the assets’ price, appraised under
the Company’s provision. The Company also continuously initiates other projects that aim to help debtors of NPLs,
such as the “BAM Chuai Lod Phue Plod Nee” (BAM, Reduce to release debts), a project that aims to give an opportunity
to debtors , who haven’t been placed under the final receivership order and do not have any other assets that
can be use for the settlement, to pay their nonguaranteed debts, for the case where the principal must not exceed
Baht 3.0 million. The debtors will have the choice of one-time payment, to pay the entire principal within 90
days, at the rate of 10.0 percent of the principal; or the choice of installment payment, for a repayment period
of 3 years and at the rate of 15.0 percent of the outstanding principal, without any interest. The Company also
initiates a project known as “BAM Chuai Fuen Khuen Turakij” (BAM, Revitalize your Business), a project aims
to give an opportunity to the Company’s debtors, whether those of natural persons or juristic persons, that
haven’t been placed under the final receivership order, who do not have any assets that can be used for the settlement,
with the principal debt not exceeding Baht 20.0 million, the choice of one-time payment, within 90 days, or to pay in
installments within 10 years, at the rate of 80 percent of the asset’s price appraised under the Company’s provision.
Besides helping honest debtors to relieve their debts and reclaim their collaterals, these projects arranged by the Company
also allow the Company to gain an additional cash flow from the repayment or the repayment in installment
from the debt restructuring. These projects are also subjected to other terms and conditions specified by the Company.

With impacts from COVID-19 outbreak, BAM launches many alternatives to help the customers affected
by such situation, which has an effect on the installment ability of the debtors on payment by installment of the