2020 • On 21 January 2020, the Board of Directors adopted a resolution approving a share repurchase program for financial management, with a spending limit of 6 billion baht. In this connection, no more than 97,045,970 shares would be repurchased. On 27 April 2020, the Company announced the closure of the share repurchase program. The repurchased shares were worth 4,863 million baht while the total number of the repurchased shares amounted to 97,045,970 shares. • On 31 January 2020, the Company signed an agreement to sell shares of AJT. In particular, it agreed to sell all the shares it held through SPV2, which accounted for 6 percent of the total shares of AJT, to Ajinomoto Co. Inc. in Japan. The total transaction value amounted to about 7,167 million baht. The payment was made and the shares were transferred in February 2020. 2021 • On 29 March 2021, the Board of Directors adopted a resolution to establish T-Plus for the purpose of operating asset-based financing services, in which Thanachart Group had expertise. The objective was to generate additional return to the Company further. In this connection, the Company established T-Plus on 26 April 2021. • On 7 July 2021, the Board of Directors adopted a resolution to buy all the shares of MBK LIFE, TM Broker, and MTS, which were held and owned by MBK. As a result, the Company’s shareholdings in the three subsidiaries increased to 100 percent. The transactions were executed in August 2021. • During the year 2021, the Company and its subsidiary purchased additional ordinary shares of THANI, resulting in the increase of the combined shareholdings to 60.16 percent. In addition, the Company was granted from the BOT to hold additional shares of TTB in the amount not exceeding 24.99 percent. In this regard, the Company and its subisidiary purchased additional ordinary shares of TTB, resulting in the increase in the combined shareholdings to 23.32 percent. As well, the Company’s subsidiary purchased additional ordinary shares of MBK, resulting in the increase in the combined shareholdings of the Company and its subsidiary to 23.32 percent. Awards Received in 2021 • The Company was ranked as the Best Company 2021 in the financial sector. This was organized by Money & Banking Magazine which was a content leader in the fields of economy, finance, and investment. In this connection, the Company was given the award for its stable financial position and the ability to make dividend payments to shareholders continuously. • The Company achieved the excellent level recognized for its corporate governance, based on the assessment survey results given in the Corporate Governance Report 2020 of Thai Listed Companies (CGR) issued by the IOD. • TNI had a financial rating of “AA-“ with “Stable” outlook assigned by TRIS Rating Company Limited. This reflected the fact that TNI was a leading insurance company with business operations and management systems at a good level. In terms of marketing position, TNI with its expertise in automobile insurance was among the country’s top ten non-life insurance companies. In addition, thanks to its comprehensive risk management and corporate governance framework supported by the oversight units concerned, TNI’s financial position was strong with a high level of liquidity. • TNI received the Best Claims Management Insurance Company Award for two consecutive years. This was organized by the UK-based International Finance Magazine (IFM), which was the magazine devoted to presentations on analyses about international business and market development. Awards were given in honor of organizations with excellent business development. In this connection, TNI was awarded for the determination 24
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