Page 83 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 81

has come into full force and effect and the subordinate legislation of this Act is issued within one year after the effective
date of the Act, all individuals and business operators, including the Company, must collect, use or disclose personal
information in accordance with the procedures and provisions of such Act. This includes the transfer of personal
information to other countries. Currently, the Company has appointed the data protection officer (DPO) in accordance
with Section 41 and Section 42 of the Personal Data Protection Act B.E. 2562 to ensure that the Company will perform
the relevant tasks correctly and in conformity with the Personal Data Protection Act. Also, the Company has formulated
the policy, measures and guidelines on IT and cyber security in accordance with the Cyber Security Act B.E. 2562 and
established Information Technology Risk Management and Compliance Division and Personal Data Protection Support
Division to monitor and ensure compliance with the rules and regulations under those two Acts.

In the preparation for compliance with the changing legislations, the Company may require additional resources
and costs and may have to change its business operation and policy related to privacy issue, which may negatively
affect its business. Failure by the Company to comply with the laws and regulations governing cyber security and
personal data protection, both the existing laws and those to be enacted in the future, may accordingly result in legal
disputes, penalties, legal punishment, and damage to its reputation.

Moreover, changes in customers’ expectations and requirements with respect to personal data protection may
limit the Company’s ability to gather and use the data derived from its operation. This may negatively affect its ability
to provide its services, thereby resulting in a significant adverse impact on the Company’s business,

Risk involved with changes in the macro economy and market condition that could materially affect the
Company’s business
The Company’s performance relates to the general macro-economic condition, the relevant policies and
fluctuations in the money market and capital market, including, but not limited to, the financial cost, interest rate
volatility, inflation rate, the Company’s ability to acquire short-term and long-term financing, trend of the financial
business sector, the government’s monetary and fiscal policy and foreign exchange policy, fluctuations in currency
value, tax policy, and laws and regulations that affect the financial industry.

The financial or economic downturn, uncertainties in the global financial situation, international trade wars, and
public debt crisis plaguing some countries may erode confidence among investors and the global financial market.
Moreover, concerns about inflation, energy cost, geopolitics issues, sources and cost of borrowing, unemployment rate,
consumers’ confidence, shrinking asset value, capital market fluctuations, stock price movement on the SET, and
liquidity could all negatively affect the market.

A slowdown in the macro economy and the market condition will adversely impact the quality of the Company’s
NPLs, the value of collateral underlying NPLs and NPAs, the Company’s business and business opportunity, as well as
its liquidity and ability to secure funding sources under terms that are beneficial to the Company. These factors may
negatively affect the Company’s business, cash flow, financial position, and performance.