conditions will be simple which only require the decision of the shareholders' meeting, without having to clearly state that the shares are allocated to directors, employee) Securities: Shares Convertible
allocation of shares for Initial Public Offering (“IPO shares") which are allocated to sponsors and related parties (“RP") are prescribed to prevent concentrated allocation to sponsors and RP which will enable
under its responsibility Ensure that units offered for sale exclusively for high net worth investors are not allocated to retail investors Oversee to ensure that the trust is not becoming a private trust
sale and allocation of units An offer for sale shall be carried out through an underwriter. The offeror may arrange proportions of units to be allocated to different groups of investors. This shall be
trustee account; ensure that the units are not allocated to investors who are not high net-worth, in case of offer for sale solely to high net-worth investors; oversee to prevent the trust from becoming a
the system to disclose information as specified by the SET. A listed company is prohibited from offering shares to a subsidiary. If the persons being allocated shares are related persons, the listed
cannot be allocated. Conditions for authorizing PP, such as no public advertisements Extension of period and change of price is prohibited. Checklist must be submitted to the SEC with the report of the
established in conformity with relevant laws; appoint a trust manager; prepare a trust property account in segregation from a trustee account; ensure that the units are not allocated to investors who are not
third to the total units*. An IFF may issue a variety of unit classes (multi-tranche) with different returns. All unit classes must have the same par value and shall not be allocated to any individuals or