Management Discussion and Analysis Q2/2020 Page 1/6 JAS Asset Management Discussion and Analysis Q2/2020 Retail Synergy Management Discussion and Analysis Q2/2020 Page 2/6 J63/015 11 August 2020

Executives with the authorized Directors or Executives of the issuer who issues underlying shares; (5) having such other shareholding or management structure which demonstrates that the (UNOFFICIAL TRANSLATION

proceeds received from sale of the shares of the Business or the sale of the shares of the Business’ subsidiaries, dividends received from the Business, the restructuring the structure of the Business, the

authorised Directors or Executives of the issuer who issues underlying shares; (5) having such other shareholding or management structure which demonstrates that the applicant has the power to control the

the end of 2019. The Company emphasizes on the importance of effective management of its capital structure to be resilient towards the volatile money market and capital market, as well as maintain its

กล่าวในข้อ 2.1 - โครงสร้างการบังคับบัญชาและการรายงาน (functional structure)ที่เป็นลักษณะ matrix management -คู่มือต่าง ๆ เช่น คู่มือนโยบายบริหาร (policy manual) ซึ่งใช้สำหรับในกลุ่มธุรกิจการ

investment policy to invest in structured notes, the management company shall consider the risk profile of the fund based on the return structure of the underlying variables. 7. Benchmarks Display the

return structure. The management company shall provide additional information to ensure an understanding of the return structure by giving explanation in the pay-off diagram format, which should be placed

number of pages for mutual funds with complex return structure. The management company shall provide additional information to ensure an understanding of the return structure by giving explanation in the

listed securities in the SET. In addition, the Investor does not have the policy to significantly change the management plan, organizational structure and financial structure, save for the implementation