KASIKORN ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund ,Retirement Mutual Fund : RMF | Offering Date : 02/11/2020 - 06/11/2020

KASIKORN ASSET MANAGEMENT COMPANY LIMITED|Feeder Fund ,Super Savings Fund : SSF | Offering Date : 30/04/2019 - 14/05/2019

KIATNAKIN PHATRA ASSET MANAGEMENT COMPANY LIMITED|Money Market Fund,Super Savings Fund : SSF | Offering Date : 03/09/2008 - 09/09/2008

shareholder. This accounted 75.35 % in the third quarter of 2017. The company has not received a written valuation by an independent evaluation. So it is not yet recorded profit from changes to the investment

agenda focus with importance of intangible capital in valuation ‒ IMF’s focus: the 10th IMF Statistical: Measuring the Tangible Benefits of Intangible Capital Topic increasingly critical in the economy

its subsidiary by bringing the positive performance reflect in consolidated financial statements, business valuation and stock price. 9. Opinion of the Company’s Audit Committee and/or directors that

Directors has the opinion that such transaction is appropriate and beneficial to Company and its subsidiary by bringing the positive performance reflect in consolidated financial statements, business

relation to reasonableness of the connected transaction and fairness of valuation and conditions of the Transaction for shareholders’ approval including submit such opinion to the SEC Office and the Stock

materiality of ESG information Integrate into analysis and valuation Present in research report 9 ESG INFORMATION Sources • Company disclosures and publications • Meetings and correspondence with company

profile Analysts provide views on impacts to credit spread For Institutional/Investment Professional Use Only. Not for distribution to the public. Applying ESG research to fixed income valuation Estimated