Annual Registration Statement

(Form 56-1)

As of December 31^(st) 2005

KGI Securities (Thailand) Public Company Limited

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323 United Center Building, 9^(th) ,23^(rd) -25^(th) ,45^(th) Floor,
Silom Road,

Silom Sub District, Bangrak District, Bangkok 10500, Thailand

Tel: 02-231-1111 Fax: 02-631-2714

Website: http://www.kgieworld.co.th

Content

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|        |                                                     | Page  |
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| Part I | Executive summary …………………………………………………………………         | 1     |
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| Part   | Company Information …………………………………………………………….        | 2     |
| II     |                                                     |       |
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|        | 1. Risks ......................................     | 3     |
|        | ................................................... |       |
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|        | 2. Description of business ……………………………………………………………. | 6     |
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|        | 3. Business lines ………………………………………………………………………….     | 14    |
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|        | 4. Research and development ………………………………………………………   | 23    |
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|        | 5. Assets used for business …………………………………………………………. | 24    |
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|        | 6. Future Plan …………………………………………………………………………….       | 28    |
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|        | 7. Legal cases …………………………………………………………………………….       | 29    |
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|        | 8. Capital structure ……………………………………………………………………..   | 30    |
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|        | 9. Management …………………………………………………………………………..        | 32    |
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|        | 10. Internal controls ……………………………………………………………………    | 50    |
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|        | 11. Connected party transactions                    | 51    |
|        | …………………………………………………                                 |       |
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|        | 12. Financial position and operating results        | 52    |
|        | …………………………………..                                     |       |
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|        | 13. Other relevant Information …………………………………………………… | 67    |
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| Part   | Verification of information ……………………………………………………..  | 69    |
| III    |                                                     |       |
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|        | Attachment 1 Details of Directors and Executives    | 71    |
|        | ………………………….                                         |       |
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|        | Attachment 2 Details of Directors in Subsidiary     | 78    |
|        | Companies ……………..                                   |       |
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|        | Attachment 3 Audit Committee Report                 | 80    |
|        | ………………………………………….                                   |       |
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|        | Attachment 4 Branch Office …………………………………………………………   | 82    |
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