CLSA SECURITIES DEALING SERVICES:THAILAND MARKET ANNEX

1. Definitions and Interpretation
1.1. In this Securities Dealing Services: Thailand Market Annex, including the Schedule,
capitalised terms have the meaning given to them in the “CLSA Asia-Pacific Terms ofBusiness” (the “Terms of Business”) and the Securities Dealing Services Annex. Inaddition, the following capitalized terms have the following meaning:“Securities Dealing Services” shall, to the exclusion of the definition of such term in theTerms of Business in relation to the provision of such Services in the Thailand Market,means brokering or representing any person in the purchase, sale or exchange ofSecurities in the normal course of business in consideration of a commission, fee or otherremuneration therefrom in accordance with [the definition of the term “securitiesbrokerage” set out in Section 4 of the Securities and Exchange Act B.E. 2535.
“SET” means The Stock Exchange of Thailand.
1.2. This Securities Dealing Services: Thailand Market Annex is referred to herein as “thisAnnex”.
1.3. References in this Annex to “we”, “us” and “our” mean, unless the context otherwise
requires, CLSA and where the context requires will also include any company in the CLSA
Group, or persons connected with the CLSA Group.

2. Effect of Terms of Business; Amendment
2.1. This Annex shall apply to you if (a) you requested in your Application Form that we provide
you with Securities Dealing Services and requested that such Securities Dealing Services
be provided in respect of the Thailand Market; or (b) we currently provide you withSecurities Dealing Services in respect of the Thailand Market.
2.2. The terms and conditions set out in this Annex shall apply to all Securities Dealing
Services in the Thailand Market provided by us to you in addition to, and supplemental
to, the terms and conditions set out in the Terms of Business and in the Securities Dealing
Services Annex. Accordingly, the terms and conditions in this Annex are legally binding
and take effect when you signify your acceptance by placing an order for Securities in theThailand Market with us following your receipt of our Terms of Business, the Securities
Dealing Services Annex and this Annex.

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3. Short Selling
3.1. Without limitation to your obligations under the Terms of Business and the Securities
Dealing Services Annex, for every transaction in Securities in the Thailand Market, youwill inform us if that trade is a short selling order prior to or at time of the order. This shall
include orders placed by oral or electronic means, or in writing by fax or other means oftransmission.
3.2. For every short selling order conducted through us, you confirm that you will make proper
arrangements to cover the trade settlement, and if applicable, that you have confirmationfrom your lender for the delivery of the trade.
3.3. Should we request, prior to accepting the order you will provide, in written form byBloomberg or means as otherwise agreed, relevant information and assurances inrelation to the short selling order which confirms to us that you have the proper
arrangements in place.
3.4. Without limiting your obligations to at all times comply with the Market Requirements, you
shall at all times comply with the provisions of the Securities and Exchange Act 2535 ofThailand and laws made thereunder in relation to short selling.

4. Compensation
We have explained to you, and you understand and agree, that your right to compensation
under The Securities and Exchange Act B.E. 2535, any relevant SEC Notification issued
pursuant to The Securities and Exchange Act B.E. 2535 will be restricted to the extent
provided for therein. There can be no guarantee that your loss may be recouped from suchfund in full or in part.

5. Securities Positions and Reporting Limits
The Securities and Exchange Commission of Thailand has prescribed certain trading limits
and disclosure requirements on securities that may be held or controlled by a person andrequire a person holding or controlling a reportable position to notify the relevant Exchanges.
You may need to take legal advice regarding your obligations thereunder. You acknowledge
that it is your responsibility to observe such position limits, to monitor your holdings and tomake reports where applicable.

6. Client Money
Clause 10.2 of the Terms of Business shall not apply in respect of Securities Dealing Services
in the Thailand Market and the benefits derived from the deposit of any cash balances in anyof your Account(s) shall belong to you.

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7. Liability
7.1. Clauses 22.1 and 22,3 of the Terms of Business shall not apply in relation to any
Securities Dealing Services in the Thailand Market. Clauses 7.2 and 7.3 of this Annex
shall apply in relation to any Securities Dealing Services in the Thailand Market.
7.2. Neither we nor any member of the CLSA Group nor our directors, officers, employees oragents will be liable for any direct or indirect losses, damages, costs or expenses incurredor suffered by you under our Terms of Business whatsoever (including any transaction orwhere we have declined to enter into a proposed transaction or by reason of any delay
or change in market conditions before a transaction is effected) unless arising directlyfrom our or their respective fault, omission or negligence. In no circumstances will wehave any liability for consequential or special damage.
7.3. Neither we nor any of member of the CLSA Group nor our directors, officers, employees
or agents will be liable for delays, errors, interruptions or failures in any communicationor correspondence (including without limitation, the delivery of confirmations ortransmission of orders) or for any other matters in relation to a transaction due to thebreakdown, unavailability, interruption, error or failure of telephone, facsimile, or otherelectronic communication lines or electronic system or other communication facilities orequipment howsoever caused unless arising directly from our or their respective fault,omission or negligence.

8. Provision of Information; Compliance with Orders
8.1. You agree to provide the following information to us, SET, Thailand Securities Depository
Co., Ltd., Securities Registrar, Thailand Clearing House Co. Ltd. and/or the Securities
and Exchange Commission of Thailand as requested or required under Market
Requirements including the preparation of a report to provide, clarify and explain thefollowing information:(a) your identity and the identity of each beneficiary of listed securities;(b) the purpose of your securities trading; and(c) your securities trading information whether or not the trading has been conducted
through us
If you are trading on behalf of others, or are operating an Omnibus Account, you agree
to provide and prepare a report to provide, clarify and explain the information in (a), (b)and (c) above in relation to the persons for whom you trade.
8.2. If any of the following circumstances arise, you agree that we may suspend our Securities
Dealing services to you, close your account, limit your trading and take any other action
in respect to client’s trading of listed securities in order to effect compliance with theregulations and notifications of SET, Thailand Securities Depository Co., Ltd., Securities

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Registrar, Thailand Clearing House Co. Ltd. and/or the Securities and Exchange
Commission of Thailand:(a) your listed securities trading affects or may affect the flow of listed securities tradingon SET or causes or may cause listed securities trading prices to fluctuate;(b) you have entered into an inappropriate transaction or have violated the Securities andExchange Act; or(c) you did not prepare a report or provide information requested pursuant to clause 8.1
or you provided false or materially misleading information.
9. Risk Disclosure Statement
You have confirmed (whether in the Application Form or otherwise) that you acknowledge andconfirm that the terms and conditions applicable to the Services and the risk disclosurestatements in the “Risk Disclosure Statement Schedule” to this Annex are and have been fully
explained to you in a language that you understand and that you have read and understoodthem.
10. DMA Provision
You acknowledge and agree to comply with regulations of the SET, resolutions of the Boardof Governors of the SET and circular resolutions of the SET as may be in force from time totime governing recording trading orders through Direct Market Access System of the SET,
including prohibitions on recording improper trading orders.

11. Provision of services in relation to Non-Voting Depository Receipts (“NVDR”)
The Securities and Exchange Commission of Thailand has imposed requirements regarding
investment in NVDR by local Thai investors, including without limitation persons of Thainationality and entities registered or domiciled in Thailand (each, a “Thai Investor”).
In the event that any transaction conducted through us will result in an increase in NVDR
holdings whether directly, indirectly or ultimately by a Thai Investor, you understand, agree
and undertake that:(a) You will promptly notify us, at the earliest possible opportunity and in any event nolater than one trading day before the settlement date of such transaction.
(b) We are authorised to, upon or at any time after your notification, convert NVDR shares
involved in the transaction to local shares for settlement or otherwise take or refrain fromtaking actions as appropriate to ensure the transaction will not result in any increase ofNVDR holding by any Thai Investor.
(c) In the absence of notification from you, you will be deemed to have represented andconfirmed that the transaction does not and will not lead to any increase of NVDR holding
by any Thai Investor, whether directly, indirectly or ultimately.
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Securities Dealing Services: Thailand Market Annex
Risk Disclosure Statement ScheduleThis Risk Disclosure Statement Schedule does not disclose all of the risks and other significant
aspects of trading in securities, futures and options. In light of the risks, you should undertakesuch transactions only if you understand the nature of the contracts (and contractual relationships)
into which you are entering and the extent of your exposure to risk. You should carefully consider
whether trading is appropriate for you in light of your experience, objectives, financial resourcesand other relevant circumstances. Please read this Schedule carefully, and ask questions andtake independent advice as you consider appropriate.

Securities Risk Disclosure Statement
You acknowledge that the price of Securities can and does fluctuate, sometimes
dramatically, and that the price of any individual security may experience downward
movements, and may become valueless. You appreciate therefore that it is as likely thatlosses will be incurred rather than profit made as a result of buying and selling securities.
This is a risk that you are prepared to accept.

You acknowledge that we are able to (i) enforce security placed with us, (ii) force the saleor purchase of securities, (iii) cease payment of money to which you would otherwise beentitled and (iv) terminate our agreement with you if you fail to make any payment, fail tohand over securities or fail to place security in accordance with our agreement.

You acknowledge that there are risks in leaving Securities in our custody or in authorising
us to deposit securities as collateral for loans or advances made by us or authorising us
to borrow or loan Securities and you confirm that you are prepared to accept such risk
notwithstanding that in these circumstances you face the risk of loss of such Securities.

You confirm that you understand the short selling requirements in Thailand and, inparticular, that uncovered short selling on Exchanges in Thailand is unlawful.

Electronic Communication and Trading System Risk Disclosure StatementYou understand that the electronic communication systems (including the internet) may
not be a reliable medium of communication due to unpredictable traffic congestion or otherreasons and that such unreliability is beyond our control. This may give rise to situations,
including delays, in transmission and receipt of your instructions or other information,
delays in execution or execution of your instructions at prices different from thoseprevailing at the time your instructions were given, misunderstanding and errors in any
communication between you and us and so on. Whilst we will take every possible step tosafeguard our systems, client information, accounts and assets held for the benefit of ourThailand Market Annex Version June 2024

clients, you accept the risk of conducting transactions via electronic communicationsystems.
Electronic trading facilities are supported by computer-based component systems for theorder-routing, execution, matching, registration or clearing of trades. As with all facilities
and systems, they are vulnerable to temporary disruption or failure. You understand thatyour ability to recover certain losses may be subject to limits on liability imposed by thesystem provider, the market, the clearing house and/or member or participant firms. Suchlimits may vary: you understand that you should ask us for details in this respect.

Trading on an electronic trading system may differ from trading on other electronic trading
systems. If you undertake transactions on an electronic trading system, you understandthat you will be exposed to risks associated with the system including the failure ofhardware and software. You understand that the result of any system failure may be thatyour order is either not executed according to your instructions or is not executed at all.

Client Assets Received or Held Outside Thailand Risk Disclosure Statement


Client assets received or held by the licensed person or registered outside Thailand are
subject to the applicable laws and regulations of the relevant overseas jurisdiction which
may be different from the laws of Thailand. Consequently, such client assets may not
enjoy the same protection as that conferred on client assets received or held in Thailand.

Margin Trading Risk Disclosure Statement


The risk of loss in financing a transaction by deposit of collateral is significant. You
understand that you may sustain losses in excess of your cash and any other assets
deposited as collateral with us. Market conditions may make it impossible to executecontingent orders, such as “stop-loss” or “stop-limit” orders. You understand that you may
be called upon at short notice to make additional margin deposits or interest payments. If
the required margin deposits or interest payments are not made within the prescribed time,
you understand that your collateral may be liquidated without your consent. Moreover, youwill remain liable for any resulting deficit in your account and interest charged on youraccount. You understand therefore that you should carefully consider whether such afinancing arrangement is suitable in light of your own financial position and investment
objectives.

Providing an Authority to Hold Mail or to Direct Mail to Third Parties Risk Disclosure Statement
If you provide us with an authority to hold mail or to direct mail to third parties, youunderstand that it is important for you to promptly collect in person all contract notes andstatements of your account and review them in detail to ensure that any anomalies or
mistakes can be detected in a timely fashion.

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Providing an Authority to Repledge Your Securities Collateral etc Risk Disclosure Statement


There is risk if you provide us with an authority that allows us to apply your securities orsecurities collateral pursuant to a securities borrowing and lending agreement, repledge
your securities collateral for financial accommodation or deposit your securities collateral
as collateral for the discharge and satisfaction of our settlement obligations and liabilities.

If your securities or securities collateral are received or held by us in Thailand, the above
arrangement is allowed only if you consent in writing. Moreover, unless you are aprofessional investor, your authority must specify the period for which it is current and belimited to not more than 12 months. If you are a professional investor, these restrictions
do not apply.

Additionally, your authority may be deemed to be renewed (i.e. without your writtenconsent) if we issue to you a reminder at least 14 days prior to the expiry of the authority,and you do not object to such deemed renewal before the expiry date of your then existing
authority.

You are not required by any law to sign these authorities. But an authority may be requiredby us, for example to facilitate margin lending to you or to allow your securities or securities
collateral to be lent to or deposited as collateral with third parties. We should explain to
you the purpose for which one of these authorities is to be used.

If you sign one of these authorities and your securities or securities collateral are lent toor deposited with third parties, those third parties will have a lien or charge on yoursecurities or securities collateral. Although we are responsible to you for securities orsecurities collateral lent or deposited under your authority, a default by us could result inthe loss of your securities or securities collateral.

A cash account not involving securities borrowing and lending is available from mostlicensed or registered persons. If you do not require margin facilities or do not wish yoursecurities or securities collateral to be lent or pledged, you understand that you should notsign the above authorities and ask to open this type of cash account.

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