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Attachment 8 Investment Policy for Non-Performing Loans (NPLs) and

Non-Performing Assets (NPAs)

The Board of Directors’ meeting no. 1/2023 convened on 12 January 2023 resolved to approve the Company’s
Bangkok Commercial Asset Management Public Co., Ltd.
investment policy so as to boost its investment efficiency, taking into account corporate governance and responsibility
factors, which would benefit the stakeholders as a whole. Therefore, the Company has announced its investment policy
as practice guidelines for the parties concerned. Details are as follows:

1. Principle and Rationale
Bangkok Commercial Asset Management Public Company Limited engages in non-performing loan (NPL) and
non-performing asset (NPA) management business, with acquisition of NPLs and NPAs from financial institutions as the
starting point of its business cycle. The investment policy has thus been established to serve as a framework for its
business operation and future expansion in order to assure the stakeholders at large that the Company operates its
business with transparency, integrity and examinability and without bias and conflict of interest.

2. Objective
The Company has this investment policy put in place to serve as concrete investment guidelines in line with
the principles of good corporate governance and sustainable business operation in economic, social and environmental

dimensions for its stakeholders.

3. Roles, duties and responsibilities
3.1 The Board of Directors has the duty to approve investment value and conditions for NPLs and NPAs put on
sale by financial institutions, to monitor and keep abreast of investment situations, and to consider and approve the
investment policy as practice guidelines for its investment operation.
3.2 The Executive Board has the duty to consider and screen the investment value and conditions for NPLs
and NPAs.
3.3 The NPLs and NPAs Acquisition Committee which is composed of executives who have asset management

experience has the duty to consider and screen NPL or NPA information and to determine appropriate investment value
before proposing the bidding price to the Executive Board and the Board of Directors for approval.
3.4 Investment Management Department is the main department in charge of planning and setting investment
strategies for NPLs and NPAs for further management, preliminarily taking into consideration investment value based on
asset value. It also has the duty to prepare and review investment guidelines in case there are significant changes in
investment circumstances before proposing to the NPLs and NPAs Acquisition Committee and relevant committees for
approval.
3.5 The Headquarters Loan Restructuring and Sales Department is in charge of supporting investment operation
by conducting NPL purchase due diligence to have information available for consideration of investment value.