3) subscribed the newly issued ordinary shares of TMB in line with the plan related to the merger between TBANK and TMB. As a result, the Company was no longer the parent company of TBANK and Thanachart Financial Conglomerate. Therefore, as from 3 December 2019, the Company became one of TMB’s major shareholders together with two other major shareholders, namely ING and the Ministry of Finance. All the three major shareholders assigned their representatives to sit on TMB’s Board of Directors. The objective was to jointly manage TMB’s business operations. The Company’s main income would be from its investment in TMB. Moreover, the Company remained a company listed on the SET as before. In this connection, the Company became a holding company, with the sizes of its core business and other subsidiaries being in compliance with the related requirements imposed by the Capital Market Supervisory Board as well as the related regulations of the SET. In this connection, the Company designated MAX Asset Management Company Limited as a subsidiary which operated core businesses in line with the definition given in the relevant regulations of the SET. The member companies of Thanachart Group operate the following businesses: Hire Purchase and Leasing Business 1. Ratchthani Leasing Public Company Limited provides auto hire purchase and financial lease services with the focus on auto market for new and used car markets for passenger cars as well as vehicles for commercial purposes, such as pick-ups, taxis, truck tractors and lorries, etc. It also offers other services related to hire purchases and financial lease, which were THANI’s main businesses. In this connection, the Company holds the shares of THANI through SPV1. 2. RTN Insurance Broker Company Limited provides insurance brokerage services which cover non-life and life insurance as well as other related businesses in line with the established regulations. Currently, it gives services mainly to customers of THANI. Insurance Business Group 1. Thanachart Insurance Public Company Limited offers insurance services which cover non-life insurance services such as fire insurance, auto insurance, marine and transportation insurance, miscellaneous insurance, and investment business. 2. MBK Life Assurance Public Company Limited operates a life insurance business. MBK LIFE provides individual and group life insurance to assure savings. Life and health protection are also offered to individuals, institutions and organizations. 3. TM Broker Company Limited operates the business of customer referral and serves as an intermediary for supplying non-life and life insurance products and introducing financial products such as loans. It also organizes trainings and seminars for license applicants who are required to take non-life and life insurance agent license examinations. In addition, in meeting the needs of individuals and juristic persons through its affiliated business channels and agents who have direct access to customers, it seeks courses for enhancing the potential of personnel in the organizations. 4. MT Service 2016 Company Limited operates back office and business support services for MBK LIFE and TM Broker. Securities Business Group Thanachart Securities Public Company Limited was granted Full-Services License Type Gor to operate securities businesses and other related businesses such as securities brokerage, securities underwriting, investment advisory services, securities borrowing and lending, financial advisory services, unit trust underwriting and repurchasing, securities registrar, issuer and offerer of derivative warrants for sale as well as investment portfolio advisory services. It was also granted Derivatives Business License Type Sor-1 to operate derivatives business and other related businesses such as derivatives brokerages and proprietary trading, derivatives trader as well as issuer and offerer of structured debentures for sale. 22
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