essentially due to the one-off gain and dividend income of Thai Wah Public Company Limited totaling Baht 373 million when it was transferred from other investment to investment in associate in 2016 which was
equity in accordance with the latest financial statements audited by auditor not less than one hundred million Baht; (b) having direct investment not less than twenty million Baht in securities or
one of Chartered Financial Analyst (CFA) program or Certified Investment and Securities Analyst (CISA) course or other equivalent curriculums as approved by the SEC Office. Clause 5 An application for
intermediary has obtained an approval from the SEC Office to appoint such person: (1) the approved person to be fund manager; (2) the approved person to be REIT manager who has passed level one of Chartered
control and information technology security as specified in the notification of the SEC Office. Clause 8. Derivatives broker shall arrange to have independent director of at least one out of four directors
broker shall arrange to have independent director of at least one out of four directors 7 In case of the death of independent director, resign or terminate by the SEC office or where Derivatives broker is
broker shall arrange to have independent director of at least one out of four directors 7In case of the death of independent director, resign or terminate by the SEC office or where Derivatives broker is a
of paragraph one and paragraph three of Clause 12 of the Notification of the Securities and Exchange Commission No. KorNor. 30/2547 Re: Rules, Conditions and Procedures for Establishment and Management
are merged together; (8) “mutual fund amalgamation” means amalgamation of two mutual funds or more into one mutual fund in which the mutual fund which accepts the transfer of assets purchases or accepts