Siamese Asset Public : Notification of the cancellation of the issuance and offering of warrants to purchase the Company's ordinary shares to the employees of the Company and its subsidiaries No. 1 (SA-ESOP-W1) and No. 2 (SA-ESOP-W2).

No. SA/OCS 15/2565

June 15, 2022

Re: Notification of the resolutions of the Board of Directors' Meeting Re: Approval of the cancellation of the issuance and offering of warrants to purchase the Company's ordinary shares to the employees of the Company and its subsidiaries No. 1 (SA-ESOP-W1) and No. 2 (SA-ESOP-W2)

Attention: Directors and Managers

The Stock Exchange of Thailand

Siamese Asset Public Company Limited (the "Company") hereby informs that the Board of Directors' Meeting No. 3/2022, held on June 15, 2022, has passed resolutions approved the important matter, which can be summarized as follows:

Resolved to approve the cancellation of the issuance and offering of warrants to purchase the Company's ordinary shares to the employees of the Company and its subsidiaries No. 1 (SA-ESOP-W1) and No. 2 (SA-ESOP-W2) total of 15,000,000 units as approved by the 2021 Annual General Meeting of Shareholders held on April 2, 2021, because the Company has allocated such warrants to employees, including employees who are directors of the Company and its subsidiaries on February 1, 2022. In this regard, such actions are inconsistent with the rules according to the Notification of the Capital Market Supervisory Board No. Tor Jor. 32/2551, therefore, to comply with the relevant rules and regulations and to be in accordance with the intention of the 2021 Annual General Meeting of Shareholders, the Board of Directors deems it appropriate to urgently issue and offer warrants to purchase the Company's ordinary shares to directors, executives and employees of the Company and its subsidiaries once again and urges the management to be prudent in considering the allocation of warrants to purchase the Company's ordinary shares to directors, executives and employees of the Company and its subsidiaries as well as to summarize the results of the consideration for the allocation of such warrants and shall present to the Board of Directors meeting prior propose to the shareholders' meeting for further consideration and approval.

Please be informed accordingly,

Sincerely Yours,

(Mr. Suphon Chongchintaraksa)

Chief Financial Officer