Page 39 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

Nature of Business

Business overview and revenue structure Additionally, the Company manages NPAs which
The Company engages in NPL and NPA management are mostly empty lands (including real estate for
business under the Emergency Decree on Asset Management agricultural purposes), hotels, commercial buildings, and
Companies B.E. 2541 (1998) and under the supervision residence in a type of detached house, townhouse and
of the BOT thereby the Company has to comply with condominium as well as moveable properties and other
the Notification of the Bank of Thailand No. SorNorSor. securities. The Company obtains the NPAs by any methods
2/2563 regarding the criteria that asset management such as negotiation with the debtors to transfer the
companies must comply, dated 3 February 2020. guarantee or repayment property, foreclosure for debt
settlement, and purchase of NPAs from other financial
The Company has the ability to acquire and manage institutions directly. The Company will record the list of
NPLs and NPAs, whereas the Company purchases the NPLs NPAs at price upon transfer (cost of purchase) or cost of
from the financial institutions and financial business purchase with related expenses (if any) from the Legal
operators in Thailand (BOT has expanded the scope of Execution Department or other financial institutions.
asset management business as notification No. SorNorSor. Then, the Company will finally distribute the NPAs. The
2/2563) and manage the NPLs by negotiation for debt Company has operating revenues from loan of receivable
restructuring with the debtors to find the most suitable purchase, and revenue from NPAs, and investment in
agreement for every party as much as possible. Most of securities. The net asset mainly includes (A) assets about
NPLs purchased by or transferred to the Company mostly business of NPLs management (such as net loan from
contain guarantee as real estate. The Company records receivable purchase, net receivables, and net pending
NPLs as loans from receivable purchase at cost price of payment receivable from auction) and (B) assets regarding
purchase or transfer acceptance. the business of NPAs management (such as net investment
in securities, net debtor by installment, NPAs and
advance payment for property purchase fees and
others).

The company acquires and manages The company manages those NPLs The company manages those NPAs by
NPLs and NPAs, whereas the Company by negotiating the debt resteucturing conducting surveys, oversee, improve and set
buys NPLs from Thai financial institutions, with debtors, in order to find the advertising strategies for sale and defines
namely, commercial banks and most suitable and agreeble solution marketing strategies every year to be able to
other asset management companies for every party adjust and match market conditions