Page 46 - BAM ONE REPORT 2565 (ENGLISH VERSION)

40

In the negotiation for debt restructuring as mentioned, the Company focuses on reducing time of receiving cash
flow from the NPLs as soon as possible, whereas that the Company tries to achieve the agreement with the debtors as
soon as possible.

If the Company and the debtors can reach an agreement about debt restructuring, the Company will enter into
Bangkok Commercial Asset Management Public Co., Ltd.
the debt restructuring agreement with the debtors to define debt settlement term, debt values payable, debt repayment
methods and agreements about collaterals and guarantees. Such debt restructuring agreement shall be audited and
approved according to the regulations in the Company; nevertheless, if the debtors are unable to pay debts despite debt
restructuring, the Company may negotiate with the debtors for additional debt restructuring.

Moreover, the Company also initiates a project known as “Sukjai Dai Ban Khuen” (pleased to have your home back),
which provide an alternative for compromising with debtors, whereas the Company gives an opportunity to debtors, who
haven’t been placed under the final receivership order, to reclaim their homes. For debtors to be eligible to participate
in the project, the principal must not exceed Baht 10.0 million. The debtor will be given with the choice of one-time
payment, whereas the debtors must pay the entire principal within 90 days, or the choice of installment payment, for a
period of 20 years, at the rate of 80.0 percent of the assets’ price, appraised under the Company’s provision. The Company
also continuously initiates other projects that aim to help debtors of NPLs, such as the Project “BAM Chuai Lod Puea Plod
Nee Kasedtakon” with aims to help agriculturists debtors who can pay the debt at rate of 80% of the appraised value,
but not more than 100% of the principal by selecting one-time payment within 90 days or instalments within 10 years.
However, that must not exceed the execution period. The Company also initiates a project known as “BAM Chuai
Fuen Khuen Turakij” (BAM, Revitalize your Business), a project aims to give an opportunity to the Company’s debtors,
whether those of natural persons or juristic persons, that haven’t been placed under the final receivership order, who
do not have any assets that can be used for the settlement, with the principal debt not exceeding Baht 20.0 million,
the choice of one-time payment, within 90 days, or to pay in installments within 10 years, at the rate of 80 percent
of the asset’s price appraised under the Company’s provision. Besides helping honest debtors to relieve their debts
and reclaim their collaterals, these projects arranged by the Company also allow the Company to gain an additional
cash flow from the repayment or the repayment in installment from the debt restructuring. These projects are also
subjected to other terms and conditions specified by the Company.

In the wake of the COVID-19 pandemic, the Company is concerned about the debt restructuring customers and
customers purchasing NPAs with installment payments that have been affected by this crisis, thereby denting their ability
to pay. To help alleviate their difficulties, the Company has issued relief measures to assist its debt restructuring customers,
which are retail and SME customers, and customers purchasing NPAs with installment payments, consisting of three
measures that match the impacts on them, as follows:
1. Suspension of principal and interest payments;
2. Suspension of principal and interest payments and, after that, payment of interest only; and
3. Suspension of principal repayments (payment of interest only).

From the initial stage of the COVID-19 outbreak up to the present, the Company has assisted, as deemed appropriate,
every and all of the debt restructuring customers and customers purchasing NPAs with installment payments who have