Page 206 - BAM ONE REPORT 2564 (ENGLISH VERSION)

204 Part 2
Corporate Governance

Connected Transactions

The Company’s transactions with related persons in the accounting year ending as of 31 December 2020 and the
accounting year ending as of 31 December 2021, as approved by the audit committee meeting No.4/2021 on 25
February 2021, and No. 3/2022 on 25 February 2022, respectively, can be summarized as follows

Transaction value (million baht)
Related person/ Year ending as of Year ending as of Opinions of the audit

juristic person Relationship Transaction 31 Dec 2020 31 Dec 2021 Necessity and Rationale committee
1. Krungthai Bank Public • The company and Krungthai Bank Public 1.1 Short term loans-related transaction • As of 31 December 2020, the company • Such transaction was financially
Company Limited Company Limited have a common major • Issued bond and loan had short-term loans with Krungthai aided by the Company with interest
shareholder which is the Financial Institution - Beginning - - Bank Public Company Limited for 500.0 rate and general loan conditions
Development Fund (Development Fund). - Increase 3,750.0 - million Baht to manage the liquidity of as if it was borrowing from another
As of 31 December 2021, the Development - Decrease (3,750.0) - the Company. Such loan’s interest is financial institution, which is not
Fund holds 45.8%, shares in the Company - End - - at the money market rate. However, a related person.
and holds shares of Krungthai Bank Public • Interest payable the company canceled such short-term • The audit committee considered
company Limited at 55.1% 4.6 - loans for 14,067,825.00 Baht on 7 it and realized that such transaction

September 2021. was suitable and reasonable.
1.2 Debenture-related transaction • The company offered debentures to • Such a transaction was a financial
• Debenture institutional investors and/or High Net aid program of the Company.
- Beginning 229.6 1,093.0 Worth Investors to manage liquidity of the The offer price and interest rate
- Increase 1,725.0 745.8 company. They were non-subordinated of debentures were the same offer
- Decrease (861.6) (985.0) debentures with identification of the price and interest rate as the
- End holders’ name, without security, an Company offered to other
• Interest payable 1,093.0 853.8 agent for the debenture holders. The subscribers who were third parties.
• Accrued interest 22.2 23.0 debenture issuer had rights to redeem • The audit committee considered
0.3 10.6 the debentures before due (depending it and realized that such transaction
on type of debenture) was suitable and reasonable.

• As of 31 December 2021, Krungthai
Bank Public Company Limited held
debentures for 853,800 units, with
a par value of 1,000 Baht as follows
 No.1/2017 on 23 June 2017
rd
- 3 serie, 5-year term with Maturity
Date on 23 June 2022, and fixed
interest rate at 3.41% per year, for
8,000 units
- 4 serie: 7-year term, with Maturity
th
Date on 23 June 2024, and fixed
interest rate at 3.64% per year,
for 50,000 units