MESSAGE FROM CHAIRMAN

THAILAND

Review of 2021

Thailand’s 2021 GDP reported a 1.6% growth following a contraction of 6.1% in 2020, improving mainly due to an economic recovery underpinned by a vaccine rollout and the absence of major lockdowns seen in 2020. The prolonged restriction on international travel due to the emergence of the Omicron variant in late-2021 adversely impacted the tourism industry which accounted for a significant proportion of the Thai economy. This hampered the recovery and led to a lower-than-expected GDP growth in 4Q21.

Outlook for 2022

We are optimistic that Thailand’s GDP will post a 3.5% growth in 2022 as the economy is recovering from the COVID-19 pandemic. The Bank of Thailand (BOT) expects Thailand’s economy to return to its pre-COVID-19 level in 1Q23. The country’s growth outlook will depend on a) COVID-19 situation; b) tourism recovery, especially international tourism demand; c) global trade backdrop and d) the tension in Ukraine and impact of sanctions on global trade and energy prices.

Although Thailand’s vaccination rate continues to rise, the risk of widespread infections remains and could impede the economic recovery. For the tourism industry, we expect a subdued recovery in 1H22 due to the imposition of international travel restrictions on visitors from many countries, but the growth momentum should accelerate from 2H22 through 2023. Global trade is likely to expand further in 2022, but the growing momentum of Thai exports would shift to agricultural food products from manufacturing, based on the export trend seen in Nov-Dec 2021, with exports of agricultural products growing at an accelerating pace.

For the policy rate, we expect the BOT to maintain its benchmark rate at 0.50% throughout 3Q22 but foresee a potential policy rate hike in 4Q22 to 0.75%, in response to higher global interest rates.

Stock Market Review for 2021

The SET Index experienced a roller coaster ride in 2021. It plunged over 6.9% in 3Q21 in response to the third wave of infections which further delayed the anticipated economic recovery, then rallied 8.2% for the rest of 2021.

In terms of sector performance, the outperformers were telecommunications (41.58%), construction service (34.88%), media (29.70%), automobile (23.93%) and banking (22.99%), which were mostly domestic stocks that benefit from an economic recovery and reopening theme. The worst performers were sectors with lofty valuations. They included transport (+1.04%), electronics (+6.55%), energy (+8.13%) and petrochemical (+10.27%), which were ripe for profit-taking once the pandemic situation eased.

Local institutions and foreign investors heavily sold Bt74.484b and Bt50.553b worth of Thailand stocks respectively. Local investors were net buyers of Bt111.430b in 2021.

2021 Operating Performance

Although many businesses were affected by the pandemic and changing lifestyles which evolved in response to restrictions caused by the pandemic, we were fortunate that the adverse impact on the securities business was limited and we were able to benefit from the investment and trading opportunities which arose. This was largely due to our investment in the development of trading technology over the years, which enabled trading to be done on a wide variety of devices anytime, anywhere. Interests in trading in stocks and shares grew as investors recognised the potential from trading in the stock markets in 2021. We were able to benefit with a very significant increase in the number of investors establishing trading accounts with us.

Turnover increased from 875,024 M. Baht in 2020 to 1,206,932 M. Baht in 2021. Net profit increased during the corresponding periods from 239,646,211 Baht to 381,045,224 Baht. In line with the Company’s policy of paying a dividend equivalent to 20% of net profit after tax, a dividend of Baht 0.16 in respect of the financial year ended 31 December 2021 will be proposed for approval at the shareholder’s meeting.

The volatility in the stock market caused by the pandemic have had a positive impact on our business.

Stock Market and Business Outlook for 2022

We are optimistic about the Thai equity market, especially in 1H22, and expect to see fund inflows due to: a) ASEAN economies’ stronger growth momentum versus global peers’, b) corporate earnings being on an upgrade cycle especially in the services sector, and c) supportive global financial conditions.

We are however also mindful of the impact due to the US’ sequential rate hike and the Fed’s balance sheet reduction may spark risk-off sentiment and lead to a reversal of fund flows, which could negatively affect risk assets including stocks.

Given expectations of accelerating GDP growth in 2022, our weightings favour economically-sensitive stocks and sectors such as banking, construction services, energy, industrial estate, property and telecommunications, which are likely to generate solid earnings growth in the next two years resulting in attractive valuations.

We expect growth in market turnover in 2022 to moderate as the exceptional growth in the number of investors and new domestic money entering the market experienced in 2021 may not necessarily be repeated in 2022. However, we are optimistic that the economic recovery of Thailand and ASEAN will stand out as a result of the anticipated re-opening of economic activity. The anticipated recovery of the tourism industry, which will see strong momentum in 2022, will be a positive factor for the direction of capital inflows into the Thai stock market. The key negative factor this year will be tighter monetary policy actions by central banks around the world that may cause some market liquidity to moderate. This may result in more volatility in the investment direction in the second half of the year.

A significant uncertainty in 2022 will be the war in Ukraine and the impact of the sanctions imposed on Russia which may affect business confidence and lead to a slowdown in economic growth. We hope the situation will be resolved quickly before it escalates further.

Appreciation

2021 had been a very good year for UOB Kay Hian Thailand. This would not have been possible without the dedication and hard work of our staff and management team and the trust of our clients and shareholders. On behalf of the Board, I would like to thank our stakeholders for their contributions and we look forward to their continuing support.

After serving as Chairman of the Board for the last 5 years, I shall be stepping down from my position as Chairman of the Board. Mr. Viroj Tangjetanaporn a long time Board member who have served on the Board of UOB Kay Hian Thailand for more than 17 years and has been the Chairman of the audit committee will succeed me as Chairman of the Board. Mr. Viroj, who have many years of valuable commercial experience in various industries, including financial services will be more than able to guide the Board in meeting the challenges ahead. I shall continue to serve as a Board member of UOB Kay Hian Thailand and would like to thank my fellow board members, management and staff for their support all these years.

Mr. Tan Chek Teck
Chairman of the Board of Directors
UOB Kay Hian Securities (Thailand) Public Company Limited

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Vision, objectives, goals or operational strategies

Vision: Your trusted financial partner

Values: "Unfolding Possibilities".

Mission: To provide continuous service for financial success to be the leader in securities business to make the stakeholders get maximum satisfaction.

Objectives and goals:
  • - To provide the highest quality professional service.
  • - Prompt in responding to clients’ needs.
  • - Develop skills and professionalism of staff.
  • - Perform duties with social responsibility.

Operation Strategy: The Company continuously upgrade its internet trading channel under the name UTRADE to improve its services. This is to facilitate the customers in their trading and to provide appropriate trading tools, analytics and training seminars to enable clients to optimize their trading performance with easy-to-use tools. Clients can also gain more in-depth information on both market trends and investment opportunities from professional analysts through a diverse and international perspective, with the Company. The Company has set a fair and appropriate fee rate along with providing tools, analysis and presentations of knowledge to investors.

Business Overview

UOB Kay Hian Securities (Thailand) Public Company Limited (“the Company”), previously known as “Ocean Securities Company Limited”, was established on July 2, 1998 with an initial registered capital of Baht 250 million because the Separation of finance and securities business of Ocean Securities Company Limited. The Company accepts the transfer of assets and liabilities in securities business including the member of the Stock Exchange of Thailand No. 26 from Ocean Securities Finance Company Limited and was approved by the Office of the SEC, starting securities business since then.

In 2000, Ocean Securities Company Limited sold its shares to United Investment Limited, a UOB group company in Singapore. And change the name to UOB Securities (Thailand) Company Limited. Subsequently, there was a business merger between UOB Group and Kay Hian Holdings Group as UOB-Kay Hian Holdings Limited. In 2001, the shareholding structure was restructured by United Investment Limited sold all of its shares to UOB-Kay Hian Holdings Limited allows UOB-Kay Hian Holdings Limited to hold 99.99% of the total paid up shares and change the name to UOB Kay Hian Securities (Thailand) Company Limited. Later in the same year, the Company bought a retail business from BNP Paribas Peregrine Securities (Thailand) Company Limited by cash payment. Along with the transfer of debtors and Investment Consultant and on February 21, 2005 the Company transformed into a public company under the name UOB Kay Hian Securities (Thailand) Public Company Limited.

UOB - Kay Hian Holdings Limited which is the parent company, a listed securities company with significant market share in Singapore also have regional offices in Hong Kong, Malaysia, London, New York, Jakarta, Shanghai and Manila. It is also an associate of United Overseas Bank, a large commercial bank in Singapore which has a presence in Thailand, United Overseas Bank (Thai) Public Company Limited. As a result of such extensive relationships and networks, the Company is able to expand its customer base both domestic and internationally.

In addition, the Company has continued to pass on knowledge, experience and assistance in conducting securities business from the group companies. We have entered into a Service Agreement with UOB Kay Hian Private Limited, a subsidiary of UOB-Kay Hian Holdings Limited offers a wide range of services (details of the Service Agreement and service fees can be found in topic “Connected transactions”) From the past to the present, the Company has received assistance under the service agreement, such as providing assistance in developing information technology systems to be linked to a single system within the UOB Kay Hian Group. Set up a securities trading and risk management system including developing various systems which continue to be effective and meet clients’ requirements.

Since 2005

Since 2005, the Company has received marketing support and the implementation of the Cross Selling Project, enabling the Company to expand its brokerage services to its clients from introducing clients through group companies. In addition, the company benefits from sharing resources with group companies, for example using information together in securities analysis work including giving the company ability to access overseas securities analyzing articles and market conditions prepared by group companies to develop our research.

In 2010

In 2010, the Company acquired and transferred the brokerage business from Merchant Partners Securities Public Company Limited. The Company issued and allocated new ordinary shares to Merchant Partners Securities Public Company Limited as consideration for the business transfer.

In 2011

And in 2011 the Company acquired United Securities Public Company Limited ("United"), which includes benefits right to be derived, to hire or contract about the provision of services specifically for Investment Consultant, any property, leasehold rights in connection with securities business property in cash receivables and other liabilities but excluding United's liabilities and obligations before transferring United assets (“Business Transfer”).

In 2013

In 2013 the company disposed of its investment in shares of United Securities Public Company Limited.

In 2016

In 2016, the Company expanded its retail business by entering into asset purchase agreements related to the operation of partial securities business for retail customers from Country Group Securities Public Company Limited (CGS), such assets including investment consultants and 21 branch offices.

In 2018

In 2018, the Company entered into an asset purchase agreement related to the operation of certain retail securities business from AEC Securities Public Company Limited including 6 Branch offices. And the Company was approved to qualify as bondholders' representative as a channel to increase income for the Company.

CAPITAL STRUCTURE

As of December 31, 2021, the Company has registered capital of Baht 502,448,570 with paid-up capital of Baht 502,448,570 which equals to 502,448,570 shares of Baht 1.00 each.

Shareholders

As of 31 December 2021, major shareholder is UOB-Kay Hian Holdings Limited holding 70.65% with details as follow:

No. Name Number of shares %
1. UOB-Kay Hian Holdings Limited 355,000,000 70.654
2. UOB Kay Hian Private Limited 83,547,734 16.628
3. Mr. Sophon Mitphunphanich 24,816,448 4.939
4. Mr. Wachira Tayanaraporn 9,500,000 1.891
5. UOB KAY HIAN (HONG KONG) LIMITED -
Client Account
3,195,000 0.636
6. UBS AG SINGAPORE BRANCH 2,147,642 0.427
7. Ms. Anchana Pinijkusonjit 1,500,000 0.299
8. Mrs. Naowarat Pinijkusonjit 1,500,000 0.299
9. Thai NVDR Company Limited 933,082 0.186
10. Mr. Thavorn Suksrisaranjitr 827,300 0.165
Total 482,967,206 96.124

As of December 31, 2021 UOB-Kay Hian Holdings Limited was the Company’s major shareholder and has issued share capital of S$257,414,898 or 863,406,225 shares. The shareholding structure of UOB-Kay Hian Holdings Limited is as follows:

TOP TEN SHAREHOLDERS AS AT 31 DECEMBER 2021 NO. OF SHARES %
TYE HUA NOMINEES (PTE) LTD 313,360,043 36.29
U.I.P. HOLDINGS LIMITED 177,229,502 20.53
UOB KAY HIAN PTE LTD 99,878,445 11.57
TANG WEE LOKE 40,217,504 4.66
CITIBANK NOMS SPORE PTE LTD 22,510,755 2.61
RAFFLES NOMINEES (PTE) LIMITED 15,526,068 1.80
DBS NOMINEES PTE LTD 14,658,879 1.70
UNITED OVERSEAS BANK NOMINEES P L 10,790,697 1.25
LIM AND TAN SECURITIES PTE LTD 9,197,824 1.07
OCBC NOMINEES SINGAPORE PTE LTD 5,458,339 0.63
TOTAL TOP 10 708,828,056 82.10
OTHERS 154,578,169 17.90
TOTAL 863,406,225 100.00

ARTICLES OF ASSOCIATION OF

UOB KAY HIAN SECURITIES (THAILAND)
PUBLIC COMPANY LIMITED

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Financial Info / form 56-1

แบบฟอร์ม56-1

2021 - Form 56-1

แบบฟอร์ม56-1

2020 - Form 56-1

แบบฟอร์ม56-1

2019 - Form 56-1

แบบฟอร์ม56-1

2018 - Form 56-1"

แบบฟอร์ม56-1

2017 - Form 56-1

แบบฟอร์ม56-1

2016 - Form 56-1

แบบฟอร์ม56-1

2015 - Form 56-1

แบบฟอร์ม56-1

2014 - Form 56-1

Report of the independent certified
public accountants

To the shareholders and board of directors Uob Kay Hian securities (thailand) public company limited

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Good Corporate Governance Policy Of

UOB Kay Hian Securities (Thailand) Public Company Limited

The intention of the Board of Directors of UOB Kay Hian Securities (Thailand) Public Company Limited is to conduct its business efficiently, have good corporate governance and excellent management with the aim of benefiting shareholders and other stakeholders’ interest, maintaining business ethics and transparency. Therefore, the Board of Directors has established a policy on good corporate governance as a guideline to which directors, management and employees shall adhere, as follows:

1: Leadership Role and Responsibilities of the Board
1.1 The board should demonstrate a thorough understanding of its leadership role, assume its responsibilities in overseeing the company, and strengthen good governance, including:
        (1) Defining objectives;
        (2) Determining means to attain the objectives; and
        (3) Monitoring, evaluating, and reporting on performance.
1.2 To achieve sustainable value creation, the board should exercise its leadership role and pursue the following governance outcomes:
1.3 The board should ensure that all directors and executives perform their responsibilities in compliance with their fiduciary duties, and that the company operates in accordance with applicable law and standards.
1.4 The board should demonstrate a thorough understanding of the division of board and management responsibilities. The board should clearly define the roles and responsibilities of management and monitor management’s proper performance of its duties.

2: Define Objectives that Promote Sustainable Value Creation
2.1 The board should define objectives that promote sustainable value creation and governance outcomes as a framework for the operation of the company.\
2.2 The board should ensure that the company’s annual and medium-term objectives, goals, strategies, and plans are consistent with the long-term objectives, while utilizing innovation and technology effectively.

3: Strengthen Board Effectiveness
3.1 The board should be responsible for determining and reviewing the board structure, in terms of size, composition, and the proportion of independent directors so as to ensure its leadership role in achieving the company’s objectives.
3.2 The board should select an appropriate person as the chairman and ensure that the board composition serves the best interest of the company, enabling the board to make its decisions as a result of exercising independent judgment on corporate affairs.
3.3 The board should ensure that the policy and procedures for the selection and nomination of directors are clear and transparent resulting in the desired composition of the board.
3.4 When proposing director remuneration to the shareholders’ meeting for approval, the board should consider whether the remuneration structure is appropriate for the directors’ respective roles and responsibilities, linked to their individual and company performance, and provide incentives for the board to lead the company in meeting its objectives, both in the short and long term.
3.5 The board should ensure that all directors are properly accountable for their duties, responsibilities and (in-) actions, and allocate sufficient time to discharge their duties and responsibilities effectively.
3.6 The board should ensure that the company’s governance framework and policies extend to and are accepted by subsidiaries and other businesses in which it has a significant investment as appropriate.
3.7 The board should conduct a formal annual performance evaluation of the board, its committees, and each individual director. The evaluation results should be used to strengthen the effectiveness of the board.
3.8 The board should ensure that the board and each individual director understand their roles and responsibilities, the nature of the business, the company’s operations, relevant law and standards, and other applicable obligations. The board should support all directors in updating and refreshing their skills and knowledge necessary to carry out their roles on the board and board committees.
3.9 The board should ensure that it can perform its duties effectively and have access to accurate, relevant and timely information. The board should appoint a company secretary with necessary qualifications, knowledge, skills and experience to support the board in performing its duties.

4: Ensure Effective CEO and People Management
4.1 The board should ensure that a proper mechanism is in place for the nomination and development of the chief executive officer and key executives to ensure that they possess the knowledge, skills, experience, and characteristics necessary for the company to achieve its objectives.
4.2 The board should ensure that appropriate compensation structure and performance evaluation are in place.
4.3 The board should consider its responsibilities in the context of the company’s shareholder structure and relationships, which may impact the management and operation of the company.
4.4 The board should ensure the company has effective human resources management and development program to ensure that the company has adequate staffing and appropriately knowledgeable, skilled, and experienced employees and staff.

5: Nurture Innovation and Responsible Business
5.1 The board should prioritise and promote innovation that creates value for the company and its shareholders together with benefits for its customers, other stakeholders, society, and the environment, in support of sustainable growth of the company.
5.2 The board should encourage management to adopt responsible operations, and incorporate them into the company’s operations plan. This is to ensure that every department and function in the company adopts the company’s objectives, goals, and strategies, applying high ethical, environmental and social standards, and contributes to the sustainable growth of the company.
5.3 The board should ensure that management allocates and manages resources efficiently andeffectively throughout all aspects of the value chain to enable the company to meet its objectives.
5.4 The board should establish a framework for governance of enterprise IT that is aligned with the company’s business needs and priorities, stimulates business opportunities and performance, strengthens risk management, and supports the company’s objectives.

6: Strengthen Effective Risk Management and Internal Control
6.1 The board should ensure that the company has effective and appropriate risk management and internal control systems that are aligned with the company’s objectives, goals and strategies, and comply with applicable law and standards.
6.2 The board shall establish an audit committee that can act effectively and independently.
6.3 The board should manage and monitor conflicts of interest that might occur between the company, management, directors, and shareholders. The board should also prevent the inappropriate use of corporate assets, information, and opportunities, including preventing inappropriate transactions with related parties.
6.4 The board should establish a clear anti-corruption policy and practices (including communication and staff training), and strive to extend its anti-corruption efforts to stakeholders.
6.5 The board should establish a mechanism for handling complaints and whistle blowing.

7: Ensure Disclosure and Financial Integrity
7.1 The board must ensure the integrity of the company’s financial reporting system and that timely and accurate disclosure of all material information regarding the company is made consistent with applicable requirements.
7.2 The board should monitor the company’s financial liquidity and solvency.
7.3 The board should ensure that risks to the financial position of the company or financial difficulties are promptly identified, managed and mitigated, and that the company’s governance framework provides for the consideration of stakeholder rights.
7.4 The board should ensure sustainability reporting, as appropriate.
7.5 The board should ensure the establishment of a dedicated Investor Relations function responsible for regular, effective and fair communication with shareholders and other stakeholders (such as analysts and potential investors).
7.6 The board should ensure the effective use by the company of information technology in disseminating information.

8: Ensure Engagement and Communication with Shareholders
8.1 The board should ensure that shareholders have the opportunity to participate effectively in decision - making involving significant corporate matters.
8.2 The board should ensure that the shareholders’ meetings are held as scheduled, and conducted properly, with transparency and efficiency, and ensure inclusive and equitable treatment of all shareholders and their ability to exercise their rights.
8.3 The board should ensure accurate, timely and complete disclosure of shareholder resolutions and preparation of the minutes of the shareholders’ meetings.

Year 2021

Risk Management Policy

UOB Kay Hian Securities (Thailand) Public Company Limited

Introduction

Taking risks is an integral part of entrepreneurial behavior. The objectives of Risk Management function is not to eliminate all risks but to ensure that we are aware of all relevant risks and efforts are made to manage these appropriately at all business levels. Management needs to take those risks into consideration when making any business decision.

The aim of our Risk Management Policy is to establish formal communication to all business units and all departments on the Risk Management Framework and provide guidance on the risk tolerance of the Company. This will ensure that all business units perform risk identification, risk evaluation, risk control and risk monitoring in a consistent manners.

Risk Management Policy Statement

The Company believes Risk Management is one of the key strategies to help the Company achieve our objectives. We ensure that all business units implement our Risk Management Framework in dealing with all foreseeable risks appropriately. All material risks will be registered, monitored and reported to Management in order to be controlled efficiently such that Risk Management becomes an inherent factor to be taken into account when making business decisions.

Key safeguards embedded in the Company’s Risk Management policy include ensuring compliance with legal requirements and ensuring the integrity of the company’s financial reporting in both the company and business unit levels. The risk management approach integrated areas of corporate governance and internal controls system of the organization.

The Company has established both a top down and bottom up approach to Risk Management

The Board of Directors provide the top down oversight and accountability and has the responsibility of a) setting out the risk policy and framework b) reviewing the appropriateness of the policy and framework on an ongoing basis and c) ensuring that risk management and internal controls are implemented. In order to achieve this end, the Audit Committee is tasked with evaluating the sufficiency of the enterprise risk management policy and providing advice to both the Board and the Management.

At the core of the Company’s Risk Management structure is the Executive Committee (Ex-com). The Ex-com is responsible for monitoring and controlling key risks and any conditions that may have a material effect on business operations. Further the Ex-com acts as the centre of risk management engagement with the ability to reach out to the rest of the organization.

Each employee in the Company is encouraged to increase awareness of the impanct their own responsibilities may have on the organization as a whole. Our bottom-up risk management approach is done by business/risk owners. Each business unit is responsible for identifying, assessing and controlling Company to conduct a risk self assessment workshop with each department. This process aims to educate and increase awareness of bottom-up risks that each business unit may be exposed to.

In addition, Board of directors set up Risk Management Committee, which comprise of qualified director. RMC consolidates risks of all businesses and performs business impact analysis at the Company level. On continuing basis, RMC supports each business unit in implementing Risk Management and updates to Board of Director annually.

Aside from the role of verifying the effectiveness and integrity of existing internal controls, the internal audit team is also responsible for an independent audit of the risk management process

The Risk Management framework is a continuous and developing process which is central to the Company’s strategic management and designed to provide ‘reasonable assurance’.

To ensure good governance of company-wide risk management, the BoD approved a Risk Management Framework as a guideline for all business units to pursue. The BoD also appointed the RMC to monitor and control key risks to be consistent with the Company’s objectives.

For reporting and compliance related objectives, the system is designed to provide reasonable assurance that objectives are actually met. For strategic and operational objectives (which are subject to external influences) the framework is designed to provide reasonable assurance that management and the RMC are at least aware of the progress of each business unit in achieving its objectives.

        1. Risk Identification: With the aim of identifying our organization’s exposure to uncertainty, the Company has developed a methodical approach to indentifying risk. The Company and each business unit are responsible for identifying relevant risks and assessing its potential impact. This process is reviewed at least annually. Further the Holding company consolidates those risks and categories into five primary risks; Strategic, Operational, Financial, Compliance and Fraud. The Company believes that an in-house approach to Risk Management is most effective.
        2. Risk Evaluation: The Company and each business unit have developed a “Risk Map”. This map summarises material risks that could impact the Company’s strategic objectives and financial, such as earnings and continued operations. Risks are considered a material threat if they are above the predetermined threshold. Each risk is also described, and estimated in terms of probability of occurrence and severity of impact in the case it occurs.
         3. Risk Reporting: The efficient communication of risk intelligence within a company is critical and supported by a sound corporate governance structure. Each business unit produces a report of critical variables to help the tracking of risks of the business on regular basis.
         4. Risk Control: For risks which are identified as being above the acceptable threshold, the Company and each business unit will propose countermeasures to reduce or control the risk with Cost-Benefit Analysis and implement those measures if approved by BoD.
         5. Risk Monitoring: Risk monitoring involves both the ongoing assessment of risks as well as the ongoing review of the system that controls the risks. This is in order for the risk management frame work to remain effective in an external and internal environment that is dynamic in nature. Each business unit produces a report with warning threshold at both Company level to help monitoring their risks closely. If the threshold crossed, the risk will be escalated to the Head of the relevant business unit to take action immediately. To evaluate risk control, each business unit monitors the risks and their impacts on operations, which will be updated to the RMC on a quarterly basis. The overall system’s integrity is also reviewed by the Board of Directors in the annual Evaluation on the Adequacy of the internal Control System’

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News UOBKH : UOB KAY HIAN SECURITIES (THAILAND) PUBLIC COMPANY LIMITED

Personal Data Protection for Shareholders’ Meeting

UOB KAY HIAN SECURITIES (THAILAND) PUBLIC COMPANY LIMITED (“UOBKH”) gives top priority to your privacy and safeguards your personal data, as a shareholder, authorized person or proxy. UOBKH, therefore, has set out policies, rules and regulations for UOBKH’s business, providing strict measures in protecting your personal data so that you can be assured that your personal data entrusted to UOBKH will be processed according to your needs and in accordance with the laws

UOBKH would like to inform you, as a data owner, of the purposes and details of the collection, usage and / or disclosure of your personal data as well as your legal rights in connection with personal data, as follows:

“Personal Data” means data that can directly or indirectly identify you.

Personal Data that UOBKH collects, uses and / or discloses

For the purposes of convening and attending the Shareholders’ Meeting, UOBKH shall collect your Personal Data including name-surname, age, date of birth, national identification number, passport number, taxpayer identification number, securities holder registration number, deposit account number, contact information, such as home address, workplace, phone number, fax number, email, IP address, voice recording, still picture, moving picture, and other information deemed as Personal Data under the Personal Data Protection Laws.

For identity verification, UOBKH shall request a photocopy and / or a copy of your identification card, which may contain sensitive Personal Data, such as religion. UOBKH has no intention to collect such sensitive Personal Data from you, thus asking for your cooperation to cover such data to make it unreadable prior to submitting the copy of your identification card to UOBKH.

Purposes and lawful basis of collecting, using and / or disclosing Personal Data

UOBKH shall collect, use and / or disclose your personal data only as necessary, based on our legitimate purposes or there is a lawful basis, including to fulfil our legal obligations, such as for calling and convening the Shareholders’ Meeting, verifying identity, delivering relevant documents, and carrying out any action required by law, such as the Public Limited Companies Act, B.E.2535 (1992), the Civil and Commercial Code and any other related laws, or to carry out actions necessary for legitimate interests of UOBKH or other persons or juristic persons, such as for preparing the Shareholders’ Meeting minutes, broadcasting video of the Meeting, recording still and moving pictures to be used for preparing the Meeting minutes and for publication via printed media and electronic media, for security, as well as for any other necessary actions, taking into account the fundamental rights of your Personal Data and to the extent that it is within your reasonable expectation.

Sources of Personal Data

UOBKH shall collect Personal Data directly from you and / or may collect Personal Data obtained from securities registrar, such as Thailand Securities Depository Co., Ltd. (TSD), only when necessary through methods that are in compliance with legal requirements.

Disclosure of Personal Data

UOBKH may disclose your Personal Data to government authorities, regulators, and relevant persons or agencies e.g. the Ministry of Commerce, the Securities and Exchange Commission, the Stock Exchange of Thailand, Thailand Securities Depository Co., Ltd., courts, data processors, third party service providers, competent authorities, etc., for the purposes as described in this Personal Data Protection Policy. UOBKH shall oversee that such persons or entities receiving such data will collect, use, and / or disclose your Personal Data to the extent and under the purposes as described in this Policy.

Duration of your Personal Data retention

UOBKH will retain your Personal Data for as long as necessary during the period you are UOBKH’s shareholder, or for as long as necessary to achieve related purposes, unless law requires or permits longer retention period of not over 10 years. UOBKH shall take appropriate actions to erase, destroy, or anonymize the Personal Data when it is no longer necessary or when the period lapses.

Protection of your Personal Data

For retention of your Personal Data, UOBKH implements technical measures and organizational measures to ensure appropriate security in the Personal Data processing and to prevent Personal Data breach. UOBKH has set out policies, rules and regulations on Personal Data protection, e.g. security standards of information technology and measures to prevent data recipients from using or disclosing the data for other purposes or without authorization or unlawfully. UOBKH has amended such policies, rules and regulations as frequently as deemed necessary and appropriate.

Moreover, UOBKH’s executives, employees, staff, contractors, agents, advisers and data recipients are obligated to keep the Personal Data confidential pursuant to confidentiality measure provided by UOBKH.

Your rights related to Personal Data

Your rights are legal rights, namely withdrawal of consent, data access, data portability, objection, data erasure or destruction, processing suspension, data rectification and compliant lodging. You may exercise any of these rights within legal requirements at the present or as amended in the future as well as regulations set out by UOBKH. In case you are under 20 years old or your legal contractual capacity is restricted, your father and mother, guardian or representative may request to exercise the rights on your behalf.

The exercise of aforementioned rights may be restricted under relevant laws and it may be necessary for UOBKH to deny or not be able to carry out your requests, e.g. to comply with the laws or court orders, public tasks, your request in breach of rights or freedom of other persons, etc. If UOBKH denies the request, UOBKH will inform you of the reason.

How to contact UOBKH and / or the Data Protection Officer

If you have any suggestions or inquiries regarding collection, usage and / or disclosure of your Personal Data as well as a request to exercise your rights, you may contact UOBKH and / or the Data Protection Officer via the following channels:

Tel. 026598000 ext. 8427

Data Protection Officer

Email: Legal@uobkayhian.co.th

UOB KAY HIAN SECURITIES (THAILAND) PUBLIC COMPANY LIMITED, 130-132 Sindhorn Tower I, Wireless Road, Lumpini, Pathumwan, Bangkok, 10330

DIVIDEND POLICY

UOB Kay Hian Securities (Thailand) Public Company Limited has a policy to pay dividend at the approximate rate of 20% of net profit after deducting legal reserve. The payment is subject to the resolution of the shareholders’ meeting

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