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Mr. Korsak Chairasmisak On April 10, 2013, Mr. Korsak Chairasmisak , the vice chairman and chief executive officer of CP All Public Company Limited (CPALL), purchased 118,300 shares of Siam Makro

Mr. Piyawat Titasattavorakul On April 17, 2013, Mr. Piyawat Titasattavorakul, the director and managing director of CP All Public Company Limited (CPALL), purchased 5,000 shares of Siam Makro Public

Mr. Pittaya Jearavisitkul On April 19, 2013, Mr. Pittaya Jearavisitkul, the director and deputy chief executive officer of CP All Public Company Limited (CPALL), purchased 7,500 shares of Siam Makro

before the information became publicly known on 18 January 2011. Such action was deemed taking an unfair advantage of other people by using positive material non- public information concerning the interest

persons by using positive material non- public information concerning negotiation which CPALL negotiated with SHV Netherland B.V. (SHV) to purchase 154,429,500 MAKRO shares or 64.35 percent of the total

his securities trading account in such a way that taking advantage of others by using positive material non- public information concerning negotiation which CPALL negotiated with SHV Netherland B.V

securities trading account in such a way that taking advantage of others by using positive material non- public information concerning negotiation which CPALL negotiated with SHV Netherland B.V. (SHV) to

) Investment Mindset and Strategies: Building a positive mindset and attitudes towards digital asset investment to reduce risks as well as introducing the use of basic tools for technical analysis. Once

Research Hypotheses •𝐻1: Cryptocurrency-related announcements are associated with positive stock returns. •𝐻2: Firms announcing direct investment in cryptocurrency earn higher market reaction. •𝐻3: Firms