Bualuang Securities Public Company Limited Between 1 September 2022 and 15 September 2024, Bualuang Securities Public Company Limited (“Bualuang Securities”) maintained an internal investment

manager, failed to comply with the rules, conditions, and procedures stipulated in the relevant notification. In this regard, Merkle failed to provide appropriate internal systems and processes for

and January 20, 2025, Merkle failed to comply with the rules, conditions, and procedures stipulated in the relevant notification. In this regard, Merkle failed to provide appropriate internal systems