Unofficial Translation 14 June 2021 Attn: President of the Association of Thai Securities Companies President of the Association of Investment Management Companies Managers All securities companies All
/ derivatives / digital asset intermediaries e.g. securities company/broker, asset management company and digital asset exchange; · approved persons e.g. investment consultant; · listed companies/ securities
company under the first paragraph shall be carried out in accordance with the provisions of the Civil and Commercial Code or under the law governing public limited companies, as the case may be, except that
managing business whose offering of digital tokens is made to the public as specified in the notification of the SEC. The SEC shall specify the positions of such executive or controlling person. The