or a controlling person of the applicant under Section 17 shall have the qualifications and shall not have characteristics indicating the lack of appropriateness in respect of trustworthiness in

registration statement for an offering of digital tokens and the draft prospectus under the first paragraph of Section 17. Section 21. A director, an executive or a controlling person of the applicant under

or possessed the inside information under Section 242: (1) director, executive or controlling person of a securities issuing company; (2) employee or worker of a securities issuing company who holds a

(Translation) PAGE 112 (Translation) Securities and Exchange Act B.E. 2535 (As Amended) _________________ BHUMIBOL ADULYADEJ, REX., Given on the 12th day of March B.E. 2535; Being the 47th Year of the Present Reign. His Majesty King Bhumibol Adulyadej is graciously pleased to proclaim that: Whereas it is expedient to enact a law on the securities and exchange; Be it, therefore, enacted by His Majesty the King, by and with the advice and consent of the National Legislative Assembly functioning as...

(Translation) Securities and Exchange Act B.E. 2535 (As Amended) _________________ BHUMIBOL ADULYADEJ, REX., Given on the 12th day of March B.E. 2535; Being the 47th Year of the Present Reign. His Majesty King Bhumibol Adulyadej is graciously pleased to proclaim that: Whereas it is expedient to enact a law on the securities and exchange; Be it, therefore, enacted by His Majesty the King, by and with the advice and consent of the National Legislative Assembly functioning as both Houses of Parliam...