Page 44 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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The Company considers purchasing NPLs from financial institutions whether by direct negotiation with the
financial institutions or through joining bidding for NPLs offered by the financial institutions. After approval to join the
bidding, the Company will proceed with the registration and sign a non-disclosure agreement with the respective
financial institution befor receivin th documen and/or information of th offered NPLs Th Company will us such
information to check the asset status and survey the prices of the collaterals of the NPLs together with giving comment
Bangkok Commercial Asset Management Public Co., Ltd.
on the prices from the survey to support consideration before the purchase.

Furthermore, the Company has supported and participated in activities of domestic financial institutions as
appropriate to maintain good relationship and for use as a channel to closely keep updated of news and information
from such financial institutions.

(2) Inspection, property appraisal and payment
After receiving the NPL documents and/or information from the financial institutional seller, the Company will
inspect the status of all NPLs, covering checking of the documents and information of relevant loans and seeking additional
information from the seller, as well as conducting a survey and review of the collaterals of the NPLs to support determination
of the price. The Company utilizes the network of branch offices nationwide, that normally, the officers at a branch
office near the collateral of such NPLs will gather information to survey the collateral of the NPLs before presenting
the survey result and price to the working group for non-performing loans (NPLs) and non-performing asset (NPAs)
purchase from the financial institutions. After the Committee for non-performing loans (NPLs) and non-performing
assets (NPAs) purchase from the financial institutions considers information and purchase pricing, it will present to the
Executive Committee and Board of Directors to approve the NPLs purchase price.

Generally, the Company defines the bidding price or proposed price of NPLs from various factors such as
expected cash flow that the Company will receive from the NPLs in the future, collateral value, and record of debtors
etc. Furthermore, for suitable pricing, the Company considers the status of legal execution process as well as legal
validity, business type, occupation of the debtors, and existence of the collaterals for such debts. After the investment
team analyzes the data to calculate the initial purchasing price to be proposed to the NPLs and NPAs Acquisition Committee,
the Committee will consider and screen the NPL data and set the appropriate investment value before proposing to
the Executive Committee and the Board of Directors for further approval. Nevertheless, joining the bidding or purchasing
NPLs shall be approved by the Executive Committee and Board of Directors by recognizing suitability of the return
rate of investment and risk.

The Company pays for NPLs acquired from financial institutions in cash, using the cash generated from its operation,
and from issuing the promissory notes, taking out a loan, and issuing debentures. In order to choose its source of
funding, the Company will consider the cost of capital and its general liquidity. If the Company considers the choice
of issuing the promissory notes, the term of the promissory notes will be subjected to the commercial agreement.

Normally, after signing an agreement for NPLs purchase, the Company will have a period to verify claiming rights
and collaterals and has the right to return the NPLs to the financial institutional seller in case of some incomplete
conditions such as not receiving the certificate of ownership required for initiating the legal process against debtors or
not delivering the collaterals completely. These conditions may be different for each agreement in the past. The Company
used to make an agreement with the NPLs vendors about sharing of profit from NPLs management. However, the Company
has no obligation in such manner at present.