Page 87 - BAM ONE REPORT 2564 (ENGLISH VERSION)

Form 56-1 One Report 2021
Bangkok Commercial Asset Management Public Co., Ltd. 85

Failure to efficiently manage its cash flow could affect its ability to acquire NPLs and NPAs and allocate funds
for loan repayment. In this case, the Company may have to seek, or may be unable to seek, other funding sources
with non-commercially acceptable terms and conditions, thus negatively affecting its business, financial position, and
performance.

Risk from a downgrade of the Company’s credit rating
As of March 11, 2021, the Company’s credit rating, as assigned by TRIS Rating Co., Ltd. (“TRIS”), stood at A-.
If its credit rating is downgraded in the future, this may negatively affect the Company’s ability to mobilize funds under
the terms and conditions and/or at the interest rates that will provide commercial benefits to the Company, which
may have a significant adverse impact on its business, cash flow, financial position, performance and business opportunity.

Risks Impacting Rights or Investments of Securities Holders
Risk of the Company’s major shareholders taking any act that adversely affects the Company
FIDF holds 45.8 percent (data as of April 27, 2021 which was the latest register book closing date of the Company)
of the Company’s total issued and paid-up shares and still is the Company’s major shareholder. As long as the Company’s
major shareholders retain the proportion of shareholding that gives them the majority of the voting rights, they will
maintain a crucial part in the decision-making process for any matters that require the approval of the shareholders’
meeting, including the appointment of the Board of Directors. Moreover, such major shareholders may exercise their
voting rights at the shareholders’ meeting to acquire the resolution they desire, though such resolution may conflict
with the interest of the Company and other shareholders.