SEC had proposed, in principle, to amend the definition of major shareholder of the securities companies which at present is determined based on the “number of voting shares” to the “number of

Securities Company Granted an Exemption from Application for Approval of Person to be Major Shareholder

reduction in the Company and its subsidiaries’ ownership interest from 28.49% to 20.56% following the increasing of the share capital to its major shareholder. 4. In November 2018, the Company and its

other liabilities 0.9 MB and employee benefit obligations increased 3.4 MB  Shareholders' Equity As of December 31, 2018, the Company and its subsidiaries had total shareholder equity of 391.3 MB

which valued by Discounted Cash Flow method. Benefits Expected to be obtained by the Company 1. The Company acquire new share of FD from current shareholder equaled to 51 percent of the registered and

Maleenont, who is the director and the major shareholder of the Company (“Transaction”). The disposal of shares of TSE pursuant to the Notification of Capital Market Supervisory Board No. Tor. Jor. 20/2551 Re

Re: Allocation of Cash Flow under Securitization Program and Reporting on Transfer of the Remaining Assets and Benefits of Special Purpose Vehicles

32 MB. • Shareholders' Equity As at June 30, 2017, the Company and its subsidiaries had total shareholder equity of 221 MB, decreased of 293 MB from March 31, 2017 due to the Company and its

decreased 0.96 MB  Shareholders' Equity As at September 30, 2017, the Company and its subsidiaries had total shareholder equity of 240 MB, decreased 19 MB from June 30, 2017 due to the Company and its

MB from the long-term loan • Shareholders' Equity As at December 31, 2017, the Company and its subsidiaries had total shareholder equity of 262 MB, decreased from December 31, 2016 in amount of 230 MB