regard, SEC has reviewed regulations on the operation of investment management business as prescribed in two notifications by applying the guidelines of the Regulatory Guillotine scheme to ensure

financial position; (2) The management company has no sign of misconducts or no records which make it inappropriate for the company to expand its business by way of establishing a branch office or which may

company has sound financial position; (2) The management company has no sign of misconducts or no records which make it inappropriate for the company to expand its business by way of establishing a branch

expand its business by way of establishing a branch office or which may affect the company’s credibility should it undertake fund management business; (3) The management company has shown that it has

, including the notifications of the Office of the Securities and Exchange Commission, orders and circulars issued or providing guidelines in accordance with the aforementioned Notification of the Capital

, except in the case where the Company undergoes debt restructuring by way of issuance of new shares to repay debts to its creditors under a debt to equity conversion program approved by the shareholders

payment with the Company, except in the case where the Company undergoes debt restructuring by way of issuance of new shares to repay debts to its creditors under a debt to equity conversion program

“ Notifications on Acquisition and Disposition of Assets” ) . Upon consideration of the size of the transaction based on the total value of consideration per the Company’ s consolidated financial statements for

Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets B. E. 2547 ( 2004) dated 29 October 2004 ( as amended) ( the “ Notifications on Acquisition and Disposition of Assets

shall comply with this Notification. In this regard, where the rules, under this Notification or under other Notifications of Capital Market Supervisory Board including any regulations or guidelines