Page 221 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021 219
Bangkok Commercial Asset Management Public Co., Ltd.

on the comparison with price from a third party or market price. If the Audit Committee has no expertise in consideration
of the related party transaction that may take place, the Company will engage either an independent expert or the

Company’s auditor to provide opinion on such related party transaction to be a basis for decision-making by the Board
of Directors, the Audit Committee or the shareholders, as the case may be. In any case, the directors or shareholders
who have an interest therein will not be entitled to cast votes on such transaction. Information on the related party
transactions will be disclosed in notes to the financial statements audited or reviewed by the Company’s auditor.

Policy or trend of related party transactions in the future
In entering into transactions with the related persons, connected transactions or related party transactions
between the Company’s group and the persons who may have a conflict of interest or have an interest or may have
a conflict of interest in the future, the Company will comply with the applicable regulations of the Securities and
Exchange Commission, the Capital Market Supervisory Board, the Office of the SEC and the SET.

If the Company intends to enter into transactions with the related persons, connected transactions or related
party transactions between the Company’s group and the persons who may have a conflict of interest or have an
interest or may have a conflict of interest in the future, the Company will strictly comply with the policy and procdures
mentioned above. The Audit Committee will provide a guideline on consideration of necessity of the transactions to
the Company’s operation, comparison of price with the similar transactions entered into with the third parties (if any),
and consideration on significance of the transaction size.

Nonetheless, if it enters into any related party transaction, the Company will arrange for the Audit Committee to
provide opinion on the appropriateness of such transaction. In the case where the Audit Committee has no expertise

in consideration of the related party transaction that has taken place, the Company will engage the person who has
the specialized knowledge or expertise such as the independent auditor or property appraiser to provide opinion on
such related party transaction. The opinion given by the Audit Committee or the person who has the specialized
knowledge or expertise will be used as a basis for decision-making by the Board of Directors or the shareholders, as
the case may be, to ensure that the entry into such transaction does not constitute a transfer or syphoning of benefits
between the Company or its shareholders, but that it is the transaction conducted by the Company by taking the
utmost benefit of all shareholders into account.