Page 400 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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(1) Possess excellent knowledge, abilities and experiences that are beneficial to the Company’s business
operations and possess knowledge, understanding of qualifications, duties and responsibilities as

Executive Directors.
(2) Be able to devote sufficient time and opinions in the performance of duties as Executive Directors.
(3) Possess no prohibited characteristics, as prescribed by law on public limited companies, law on
securities and exchange and other relevant laws.
Bangkok Commercial Asset Management Public Co., Ltd.

4. Appointment and Tenure
4.1 The Board of Directors appoints the Chairman of the Executive Committee and Executive Director by
selecting from the directors of the Company and/or from third parties.
4.2 Executive Board member who is the Company’s director shall hold office for a term according to the
directorship term, and the Executive Board member who is a third party shall hold office for a term of two years, but
not more than three consecutive terms.

In this regard, the Executive Directors who is liable for retirement by rotation may be reappointed at the next
time as the Board of Directors deems appropriate.
4.3 In addition to vacating office according to the above-mentioned terms, the Executive Director vacates office
upon
(1) Retiring from being a director of the Company
(2) Resignation
(3) Death
(4) The Board of Directors has resolved to vacate the position.
4.4 When the Executive Board member completes the term of office or there is any reason the Executive Board

member cannot stay until the end of his/her term, which results in the number of members being fewer than the
specified number, the Board of Directors shall appoint a new Executive Board member within three months from the
date of such circumstance to ensure the continuity in the performance of the Executive Board.

5. Duties and Responsibilities
The Duties and Responsibilities of the Board of Directors are as follows:
5.1 Set goals and key operating policies
5.2 Consider and approve policies, strategies, guidelines for fundraising, investments, joint ventures, asset
development and editing sale and exploitation of foreclosed properties in accordance with economic conditions and
competition
5.3 Consider the evaluation of the appropriateness of the liquidity management plan, monitor the liquidity

situation and review the liquidity management plan
5.4 Consider budget plans and supervise operations to ensure efficiency and maximum benefits.
5.5 Employ outsiders or agencies to perform specific projects
5.6 Appoint committees and working groups
5.7 Others as assigned by the Board of Directors