Page 61 - E-BOOK

Marketing and Competition 59
The Company encounters the competition in NPLs and NPAs acquisition with the main competitors
including other asset management companies in Thailand that are the state enterprises such as SAM (FIDF is the major
shareholder of the Company and SAM), and asset management companies of the commercial banks in Thailande.g.
NFS Asset Management Limited Company, Ayudhya Asset Management Co., Ltd., Thonburi Asset Management Co., Ltd.,
Rutchayothin Assets Management Co., Ltd., and Sinnsuptawee Asset Management Co., Ltd. Nevertheless, most asset
management companies of commercial banks do not purchase NPLs or NPAs from other financial
institutions, but manage the NPLs and NPAs transferred from such commercial banks. Moreover,
the Company competes with other asset management companies though at the lesser level of competition
that those aforementioned competitiors this is because at present, most of these companies focus on purchasing
asset related to personal loan and credit card debts, which are not the main targeted NPLs of the Company such as
J Asset Management Co., Ltd., Thanapatr Asset Management Co., Ltd., Alpha Capital Asset Management Co., Ltd.,
Chayo Asset Management Co., Ltd., Srisawad Group, and Knight Club Capital Asset Management Co., Ltd. However, it is
possible that these companies will compete to purchase NPLs and NPAss which are the main target of the Company.
Furthermore, the Company faces competition with foreign corporations having strong financial status, that set up an asset
management Company in Thailand such as Loan Star Funds and Accretive Company Limited, and the competition in the
NPLs and NPAs industry may be more competitive in the future.

The Company competes with other asset management companies by relying on strong financial status,
ability to access fund sources, rapidity in acknowledging news and information to track an opportunity
to purchase NPLs and NPAs, ability of suitably pricing non- performing loans and NPAs, reputation and credibility of
the Company as well as the networks in operation and experienced teams (determining ability of NPLs and NPAs
management). Nevertheless, such management ability may affect the Company’s action plan.