must not be utilized as if the business operators do not operate the business themselves.Moreover, outsourcing to non-licensees will be permissible as well. The business operators simply give the SEC

convenient access to paying agents have been allowed to reach out the investors. Furthermore, new types of mutual funds permissible to invest in a variety of assets have been introduced; for example, mutual

specific instruments are permissible such as debt instruments issued by foreign juristic persons or their subsidiaries, foreign currency denominated debt instruments issued by juristic persons established

approved due to the fact that the transaction has appropriate return at acceptable risk. Page 2 of 2 Please be notified accordingly. Yours truly, - Signature - (Mr. Surin Tanticharoenkiat) Company Secretary

. Board’s Resolution for Approval of this Transaction The Board approved due to the fact that the transaction has appropriate return at acceptable risk. Please be notified accordingly. Yours truly

insurance policies with excessive risk. Moreover we intend to increase the volume of insurance policies with acceptable risk. 2. Net investment revenues, gains on investments and fair value losses totally

appropriateness of local application, the importance of investor protection and the acceptable burdens towards listed companies.The proposed amendments include (1) change of the transaction size that requires

of  foreign banks only is acceptable. In any case, moreover, clear statement on legal issues must be included for investment decision making.?In case that the foreign bank branches offer for sale of

conditions must be put in place. “This regulatory amendment will open up opportunities for interested entities to set up and manage a high yield bond more flexibly within a permissible scope. Once

conversion price. The said instruments will be permissible for investment of mutual funds, except money market funds, under certain investment limit. The relevant regulations are expected to become effective