UOB Kay Hian Securities (Thailand) Public Company Limited (“UOBKHST’ or “the Company”) was formerly named Ocean Securities Co., Ltd. (“Ocean”). The Company was registered on July 2, 1998 with the initial capital of Baht 250 million. Ocean was established as a result of the separation of the finance and securities business of Ocean Finance and Securities Co., Ltd. After the separation, the membership of the Stock Exchange of Thailand with the broker seat No 26 was transferred to Ocean.   In 2000, Singapore’s UOB Securities through United Investment Limited took over Ocean and the company was renamed UOB Securities (Thailand) Company Limited (“UOBS”). Within the same year, UOB Securities and Kay Hian Holdings merged in Singapore and formed UOB Kay Hian Holdings (“UOBKH”) through a share swap. As a result of the merger, UOBS went through another change of name to UOB Kay Hian Securities (Thailand) Company Limited and became a wholly owned subsidiary of UOBKH.   After completing the merger, the expansion of business in Thailand began in earnest. In 2002, the Company acquired BNP Paribas Peregrine’s Thai retail brokerage operations. Meanwhile, UOBKH as a leading regional securities firm with offices in Singapore, Hong Kong, Jakarta, Shanghai, London, New York, has provided the Company with a convenient platform to attract foreign investors to the Thai stock market. Apart from that, the Company was able to leverage on UOB Bank (Thai), another affiliate within the UOB group of companies, on expansion of its domestic client base   Since inception, the Company has received technical support and other forms of assistance from UOBKH which are beneficial for improving operational efficiencies. The Company currently has a Service Agreement with UOB Kay Hian Private Limited (“UOBKHPL”), a subsidiary of UOBKH. Under the Agreement, UOBKHPL would advise on areas such as development of Information Technology, risk management, business development in particular cross selling among group companies etc.