knowledgeable of relevant risks to support effective market supervision, and to enhance supervisory standards in regulating listed companies and commercial banks giving services as selling agents of investment

SECOND PARTY OPINION1 ON CHANEL’S SUSTAINABILITY-LINKED BOND FRAMEWORK September 2020 BACKGROUND CHANEL (hereafter the “Issuer”) contemplates including three environmental factors to the Sustainability-Linked Bonds (the “SLBs”) to be issued in compliance with the Sustainability-Linked Bond Framework (the “Framework”) created to govern their issuances and following the Sustainability-Linked Bond Principles (the “SLBP”). The Framework will include the Issuer’s commitment to achieve specific target...

. Significant amendments to such notification include service channels through (1) general physical branches; (2) electronic branches; (3) banking service outside branches; (4) banking agents; (5) digital

good corporate governance practices, the following directors who are representatives of Solvay S.A. did not attend the Board of Directors Meeting for this specific matter and had no right to vote. 1) Mr

|- Approval |- Business Operations Rules |- Reporting |- Fees |- Circular    Others (Securities Business) |- Separation of Securities and Finance Businesses & Merger (section 90) |- Representatives Office of

Securities Companies    Others (Securities Business) |- Separation of Securities and Finance Businesses & Merger (section 90) |- Representatives Office of foreign securities companies (section 93) |- Holidays

& Merger (section 90) |- Representatives Office of foreign securities companies (section 93) |- Holidays (section 110) |- Securities Registrar Business (section 222) |- Association Related to Securities

Finance Businesses & Merger (section 90) |- Representatives Office of foreign securities companies (section 93) |- Holidays (section 110) |- Securities Registrar Business (section 222) |- Association

Securities Companies | - |- Outsourcing Services | - |- Appoint service provider OR marketing representatives (Section 18) |- Auditors | - |- Approval (Section 30) |- Accounting and Financial Statements

of the Investment Banking Club (IB Club), and representatives from Department of East Asia (Ministry of Foreign Affairs), Fiscal Policy Office (Ministry of Finance) and Federation of Thai Capital