-TH MRF MoU properly, the SEC would like to provide clarifications as follows: (1) Thai AMC applying for an expedited review of application for the establishment of a Thai Feeder Fund investing in a

businesses of the majority shareholder materially, the Company should explain the structure or condition of such relationship including the characteristics of business linkage. Clarifications on the said

condition of such relationship including the characteristics of business relationship. Clarifications on the said matters should include a comprehensive flowchart of the overall business structure of the

against other businesses of the major shareholder materially, the Company should explain the structure or condition of such relationship including the characteristics of business linkage. Clarifications on