Page 229 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

Transaction value (million baht)

Related person/ Relationship Transaction Year ending as of Year ending as of Necessity and Rationale Opinions of the audit committee
juristic person 31 Dec 2021 31 Dec 2022
1.5 Transaction about the purchase of - 587.2 • The Company purchased non- • Such a transaction was a normal
non-performing assets performing assets from Krungthai business transaction of the
Bank Public Company Limited, for company in which the purchase
which the Company signed an price is approved according to the
agreement on 10 October 2022, auction/purchase procedure for
and payment by cashier's check non-performing assets same as
on 10 October 2022. bidding/buying from other
financial institutions.
• The audit committee considered it
and realized that such transaction
was suitable and reasonable.

2. Krungthai AXA Life Insurance The company and Krungthai Bank Public 2.1 Debenture – related transaction • The company offered debentures • Such a transaction was a financial
Public company Limited Company Limited have a common major • Debenture to institutional investors and/or aid program of the Company. The
shareholder which is the Financial Institution - Beginning 2,224.5 2,310.0 High Net Worth Investors to offer price and interest rate of
Development Fund (Development Fund). - Increase 171.6 - manage liquidity of the company. debentures were the same offer
price and interest rate as the
They were non-subordinated
- Decrease
As of 31 December 2022, the Development - End (86.1) - debentures with identification Company offered to other
2,310.0
2,310.0
Fund held 45.8% shares in the company • Interest expense 77.3 81.9 of the holders’ name, without subscribers who were third parties.
and indirectly held shares in Krungthai- • Interest payable 18.1 18.1 security. There is not an agent for • The audit committee considered it
AXA Life Insurance Public Company the debenture holders. The and realized that such transaction
Limited for 27.5% (The Development debenture issuer had rights to was suitable and reasonable.
Fund holds shares in Krungthai Bank redeem the debentures before
Public Company Limited for 55.1% and due (depending on type of
Krungthai Bank Public company Limited debenture)
holds shares in Krungthai-AXA Life Insurance • As of 31 December 2022, Krungthai
Public company Limited for 50.0%.) AXA Life Insurance Public company
Limited held debentures for
2,310,000 units, with a par value
of 1,000 Baht as follows
 No.2/2017 on 08 September 2017
- Series No. 5, 10-year term, with
Maturity Date on 08 September
2027, and fixed interest rate at
3.91% per year, for 120,000
units.