the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market Supervisory Board No. TorThor. 9/2554 Re: Short Selling of ETF and

trading of ETF units for ensuring that their market price in the secondary market approximates the net asset value of such ETF units. “major participating investor” means any person specified in the ETF

/1) “ connected person ”: (a) in the part relating to offeror means “ connected person ” in accordance with the Notification of the Capital Market Supervisory Board concerning Subscription

relating to offeror means “connected person” in accordance with the Notification of the Capital Market Supervisory Board concerning Subscription, Underwriting and Allocation of Newly Issued Securities; (b

means “connected person” in accordance with the Notification of the Capital Market Supervisory Board concerning Subscription, Underwriting and Allocation of Newly Issued Securities; (b) in the part

price of investment units of an ETF fund in an organized market to proximately reflect the value of such investment units which is calculated from the net asset value of the fund, by trading investment

December 2017 Transaction amount Baht 30,153,785 Pricing policy At Book value (transaction amount) and near market value Payment term By cash with 60 days of credit term The reason In consider to support the

and Baht 322,580,000, respectively. The independent appraiser chose to use the value appraisal method, namely, market approach, as appropriate to characteristics of the assets since the assets are

reference. 14 Notification of the Capital Market Supervisory Board No. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, and Providing Services to Clients of

reference. Notification of the Capital Market Supervisory Board No. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, and Providing Services to Clients of