August 10, 2018 Subject : Management Discussion and Analysis of Business Operation results for Quarter 2/2018 To : Director and Manager of The Stock Exchange of Thailand U nion Petrochemical Public Company

UKEM021/2018 September 12, 2018 Subject : Management Discussion and Analysis of Business Operation

The SEC has received excellent results in the CRMS Assessment for the year 2023 from the PACC* in the areas of approval related operation, which demonstrated the SEC’s commitment to driving and

importance to work operation based on the principles of integrity, transparency and good governance to ensure that all sectors have confidence in SEC operation. We participated in the NACC Integrity Awards

extension to the time frame of readiness preparation for business commencement in case of necessity. In addition, the regulations governing key aspects of digital asset business operation would be amended

state departments regarding the process of law enforcement. SEC has signed in various MOUs between relevant state departments. However, the operation requires more than a mere close cooperation, it also

, particularly new-gen groups, for digital asset and fund raising businesses operation such as issuance of digital tokens or ICOs.As such, “SEC finds it necessary to enhance knowledge and understanding

)    Rectifying the operation under work systems, i.e., the trading system, the deposit and withdrawal system for money and digital assets, the client assets information system, the client contact and

.   The SEC is proposing to issue regulations that would exempt social enterprises from filing the application and the registration statement for public offering, provided that their operation complies with

Thailand regarding purchases of digital assets overseas and payments for related expenses. The intended outcome of the  proposed amendment is to promote consistency and common standards of business operation