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Form 56-1 One Report 2022

Main regulations about business operation
The Company is under supervision of BOT, established in 1942 according to BOT Act. 1942, BOT is the central
bank performing duties to carry out the national financial policy. Previously, BOT supervised the financial and banking
businesses in Thailand under supervision of the Ministry of Finance, and by virtue of BOT Act.

Furthermore, the Emergency decree on Asset Management Companies 1998, as amended, authorize BOT and
the Ministry of Finance to supervise the asset management businesses. The details of regulations related to the asset
management companies in Thailand can be summarized as follows.

Asset Management Company
The Emergency Decree on Asset Management Companies is regulated to resolve the NPLs, which have hindered
financial institutions’ capacity to raise finds and approve loans to business sectors. Furthermore, under such law, certain
rights are granted to asset management companies to facilitate their business operations and enable financial institutions
to focus on operating their core business, i.e. acceptance of deposits and lending of loans. Financial institutions and
financial business operators are also permitted to sell or transfer NPLs and collaterals thereof to asset management
companies.

The Company was established according to the Emergency decree on asset management Company, stipulating
that the asset management companies must be registered for founding with the Ministry of Commerce with minimum
registered capital at 25.0 million Baht. It aims to manage assets of the financial institutions or financial business operators,
and then it can apply for registration as an asset management Company with BOT.