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Attachment 9 Tax Policy

The Board of Directors’ meeting no. 1/2023 convened on 12 January 2023 resolved to approve the Company’s
tax policy to ensure that the Company’s tax operation is efficient in accordance with the corporate governance principles
and bring about trust among its stakeholders. The Company has thus announced its tax policy as guidelines for the
Bangkok Commercial Asset Management Public Co., Ltd.
parties concerned. Details are as follows:

1. Principle and Rationale
Bangkok Commercial Asset Management Public Company Limited strictly complies with the provisions under
the Revenue Code and tax laws relevant to its business operation. It is also committed to the business operation based
on the corporate governance principles and recognizes the importance of being a good taxpayer and making tax payment
in a correct way. This can reflect its social responsibility which is an essential factor to moving the Company’s business
forward to secure growth and sustain value added to its stakeholders.

2. Objectives
2.1 To serve as guidelines for the Company’s tax operation.

2.2 To standardize the operation according to the corporate governance principles.
2.3 To build trust among stakeholders.

3. Definitions
“Company” refers to Bangkok Commercial Asset Management Public Company Limited.
“Directors” refer to the Company’s members of the Board of Directors and supporting committees.
“Executives” refer to the Chief Executive Officer and employees from Deputy Manager upward.
“Employees” refer to employees of Bangkok Commercial Asset Management Public Company
Limited according to the definition stated in the Work Rules for Employees of Bangkok
Commercial Asset Management Public Company Limited B.E. 2562.
“Stakeholders” refer to individuals, groups of individuals, and organizations which may pose impact

and/or may be impacted, whether to gain or to lose benefits from the Company’s
operation or activities, such as shareholders, employees, executives, customers, trade
partners, suppliers, surrounding communities, etc.

4. Tax policy
The Company determines tax administration guidelines in accordance with the corporate governance principles
based on the three pillars below:
4.1 Tax code of conduct
The Company focuses on business operation with tax responsibility for the stakeholders, aiming to add value

to the country’s economic and social systems under the principles of integrity and transparency, zero tax avoidance and
compliance with the applicable laws with good governance kept in mind.