KBank Subsidiaries and ASEAN Economic Strategy

K KASIKORNTHAI BOI Measures for Supporting Private Investment Special incentives to attract relocating industries (September 6, 2019) Thailand Plus Package Incentives ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK ■ To attract foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war ■ Additional 5 years of 50% reduction of corporate income tax when at least Bt1bn of actual investment is put in place by December 2021 and the application is submitted by December 2020 ▪ Special deduction of training expenses related to advanced technology ■ Investments in automation systems will be entitled to double deduction ■ Set up an investment steering committee (One-Stop Service) to coordinate the consideration and facilitation of the investment projects, especially those involving large investments Broad Investment Measures to Boost Economy (February 6, 2020) Thailand Plus Package Incentives ■ To attract foreign investment, especially to expedite investments from companies seeking to relocate as a result of the ongoing trade war ■ Extension and improvement of promotional measures allowing companies to enjoy tax benefits when they invest in projects supporting grassroots economies by enhancing the competitiveness of co-operatives and village enterprises. Special deduction of training expenses related to advanced technology endorsed by the Ministry of Higher Education, Science, Research, and Innovation Steps to Ease COVID-19 Impact, Accelerate Investment in Medical Sector (13 April 2020) Thailand Plus Package Incentives To mitigate the impact of the COVID-19 outbreak on business ■ To encourage rapid investment in the manufacturing of medical equipment Accelerate investments in the medical sector ■ A 50% reduction in corporate income tax for an additional 3 years to qualified investments in the medical sector ■ Applications to be submitted between January - June 2020, with production begun and income generated by December 2020 Temporary relaxation of investment conditions ■ Deadlines relaxed in cases such as duty-free importation of machinery and full operation start-up, as well as waivers for applications for temporary cessation of operations for a period of more than two months Source: Newspaper, KResearch (as of August 2020) บริการทุกระดับประทับใจ K KASIKORNTHAI Short-term Stimuli ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK ■Cabinet approved economic packages to stimulate economy: village / district levels, SMEs, and property Measures to support economy (August 2018, January 2019, August 2019) Welfare Card (Phase 1, 2) Add-ons under Welfare Card (Phase 3) ■ Individuals earning less than Bt30,000 annually will receive government transfers of Bt200-300 a month to each welfare smart card (Bt100 for purchase of necessary goods and up to Bt200 for E-money) until January 2020 ■ Welfare cardholders will also receive a monthly subsidy for transportation expenses for inter-provincial public buses, third-class trains, and local public buses and electric trains ■ Up to Bt500 per month e-wallet top-up allowance until January 2020 ■ Bt500 per month elderly allowance until January 2020 ■ Bt300 per month allowance for taking care of children aged up to six until September 2019 Measures to support domestic tourism and spending in upcountry area (August 2019) Tourism Cash handouts for domestic tourists Eat Shop Travel (Bt19bn) ■ Extension of fee-waiver for tourist visas until September 2020 ■ Offer a Bt1,000 freebie to Thai travelers, up to 10 million persons, visiting tourism destinations outside their home province ■ 15% cash rebate, up to Bt30,000, on tourism spending for food and beverages, local products, and accommodation expenses Measures to support domestic tourism (June 2020) Tourism Subsidies for domestic tourists Moral Support & We Travel Together (Bt22.4bn) ■ 4-month tourism campaigns (July to October 2020) ■ Moral Support: support domestic trips for more than 1 million healthcare workers and volunteers from sub-district hospitals (Bt2,000 subsidy per person for two days, one night trips) ■ We Travel together: - Subsidize 40% of normal room rates, capped at Bt3,000 per night (up to five nights) Subsidize 40% of other services such as food, capped at Bt600 per room per night - Subsidize 40% of airline ticket price Source: Newspaper, KResearch (as of August 2020) บริการทุกระดับประทับใจ 153 154

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