Asia Sermkij Leasing Plc. (Chiangmai Branch)

Overview of Business Operation

Asia Sermkij Leasing Public Company Limited (the çCompanyé) was established in Year 1984 by Bangkok Bank Public Company Limited Group to operate hire purchase business for all types of automobiles in the form of new car financing to its customers in Bangkok and metropolitan area. Subsequently the Company has expanded its business into used car hire purchase, personal loan and floor plan financing as well as other services such as auto registration, tax renewal and insurance services. Currently, the Company operates 3 branches in Rayong, Samutsakorn and in Phitsanulok provinces. The Company has 1 subsidiary, namely Bangkok Grand Pacific Lease Public Company Limited (the çSubsidiaryé), which was previously a major shareholder, holding 99.99 percent shares, of the Company prior to the restructuring of the group company in May 2004. Subsequently when the Company planned to be listed on the Stock Exchange of Thailand, the shareholders of Bangkok Grand Pacific Lease Public Company Limited decided to reorganize the shareholding structure by having direct shareholding in the Company and arranging the Bangkok Grand Pacific Lease Public Company Limited to become a subsidiary of the Company.

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