Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and

The Stock Exchange of Thailand The Board of Director’s Meeting No. 10/2018 of J.S.P. Property Public Company Limited, held on August 14, 2018 agree to resolution regarding the following agendas. 1

The President The Stock Exchange of Thailand The Board of Director’s Meeting No. 10/2018 of J.S.P. Property Public Company Limited, held on August 14, 2018 agree to resolution regarding the following

any conflicts transparently to them. 1.5 Appropriate remuneration structures Institutional investors’ pay structures should reinforce their culture and focus on advancing beneficiary or client interests

Federation of Accounting Professions (“TFAC”), the Department of Business Development, the Stock Exchange of Thailand and the Thai Listed Companies Association, we held seminars to share knowledge on financial

approving 535,436, Company amendme registered 4, 2019 Notificatio of the Da Capital by Director a The Stock re 1. Capita 2. Inform Existin As Nation s’ Meeting No d the significa 1. Resolv g the decreas

board should ensure that the development of remuneration structures for company employees reinforce, and do not undermine, sustained value creation. Performance-based remuneration for staff should

% Other components of equity 189 196 -3% Deduct: Treasury stock (114) 0 - Total equity of parent Company's shareholders 1,145 1,612 -29% Non-controlling interests 46 0 - Total Shareholders' Equity 1,191

Ref. No. IVL 005/11/2019 11 November 2019 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

attending the meeting and having the right to vote without any objection on the proposed offering 1 Market price means the weighted average price of the Company’s ordinary shares traded on the Stock Exchange