KPN Property Fund : The amendment to the Fund Schemes of KPNPF

PB.O. 650812
	11 August 2022
Subject	The amendment to the Fund Schemes of KPN Property Fund (KPNPF)
Attention	President
	The Stock Exchange of Thailand
Attachments	Table showing the amendment to the Fund Project

Kasikorn Asset Management Company Limited (the "Management Company") as the Management Company of KPN Property Fund (KPNPF) (the "Fund") hereby informs that the Management Company has amended the Fund schemes of the Fund as follows:

1. To amendment to the Fund schemes regarding the Notification of the Securities and Exchange Act, B.E. 2535 (A.D. 1992), Section 129/2 as amended by the Securities and Exchange Act (No.6) B.E. 2562 (A.D. 2019)
2. 1. Clause 5 Borrowing Policy
   2. Clause 26.1 Right, duty and responsibility of the Management Company
   3. Clause 38 The unitholders' meeting
3. To amendment to the Fund schemes regarding the Notification of the Capital Market Supervisory Board No. TorNor.36/2562 Re: Management of Property Funds
4. 1. Clause 6 Rule of investment
5. To amendment to the Fund schemes regarding the Notification of the Capital Market Supervisory Board No. TorNor.36/2562 Re: Management of Property Funds and the Securities and Exchange Act, B.E. 2535 (A.D. 1992), Section 129/2 as amended by the Securities and Exchange Act (No.6) B.E. 2562 (A.D. 2019)
6. 1. Clause 23 Increase of Registered Capital of Fund
7. To amendment to the Fund schemes regarding the Notification of the Securities and Exchange Commission regarding the Notification of the Capital Market Supervisory Board No. SorNor.41/2562 Re: Details of schemes of Property Fund and the Securities and Exchange Act, B.E. 2535 (A.D. 1992), Section 129/2 as amended by the Securities and Exchange Act (No.6) B.E. 2562 (A.D. 2019)

4.1 Clause 33 The amendment to the Fund schemes or the management procedures

The amendments to the Fund schemes are in accordance with the Securities and Exchange Act and the Notification of the Capital Market Supervisory Board as mentioned in the Fund project. Thus, the amendments deem to get an approval from the Office of the Securities and Exchange Commission regarding the Notification of the Capital Market Supervisory Board No. SorNor.41/2562, Re: Details of schemes of Property Fund date 25 April 2019 (and its amendments).

The amendment to the Fund schemes is effective from 1 September 2022

Please be informed accordingly

Yours sincerely,

(Ms. Sunida Meechookul)

KPN Property Fund

Kasikorn Asset Management Company Limited

Table showing the amendment to the Fund Project

Clause

Existing Statement

Amended Statement

Clause 5 Borrowing Policy

(4)

Fund can be borrowed by the Management

- Remove the existing statement and apply the new

Section 2 -1

Company upon majority votes of

the

statement as follows-;

unitholders, consisting of more than half of the

Fund

can

be

borrowed

by

the

Management

investment

units

that have

been

sold,

in a

Company upon

majority votes

of the unitholders,

meeting that has been called for properly or via

consisting of more than half of the investment units

written circular

resolution.

For

the

Fund

held by the unitholders who attend the meeting and

borrowing in accordance with Item (1)(c), the

have

voting

rights

in

a meeting that has been

Management

Company

is

prohibited

from

properly or

via

written

circular

resolution. For

the

counting

the investment

units

held

by

Fund borrowing in accordance with Item (1)(c), the

unitholders

with

interests

in

additional

Management Company is prohibited from counting

investment in real estate or leasehold rights in

the

investment

units

held

by unitholders

with

such a resolution.

interests in additional investment in real estate or

leasehold rights in such a resolution.

Clause 6 Rule of investment

6.1.10

The Management Company shall arrange for

- Remove the existing statement and apply the new

Section 2 - 4

insurance, as follows:

statement as follows-;

(1) Adequate

and appropriate

insurance in

The

Management

Company

shall

arrange

for

accordance with

interests that

the

Fund

has

insurance, as follows:

toward real estate or leasehold rights in which it

(1)

Adequate

and

appropriate

insurance

in

has invested,

in order to protect against

any

accordance with interests that the Fund has towards

damages to the Fund caused by any disasters.

real

estate

or

leasehold rights in

which it

has

The Fund shall be designated as the beneficiary

invested, in order to protect against any damages to

of such insurance, with approval of the Fund

the Fund caused by any disasters. The Fund shall

Supervisor.

be designated as the beneficiary of such insurance.

Clause 23 Increase of Registered Capital of Fund

23.2

For capital increase of the Fund,

the

- Remove the existing statement and apply the new

Section 2 -39

Management

Company

shall

conduct

the

statement as follows-;

following actions:

For capital increase of the Fund, the Management

(1) Requesting a resolution of the unitholders

Company shall conduct the following actions:

related to the objectives

of registered

capital

(1)

Requesting

a

resolution

of the unitholders

increase,

number of investment

units

and

related

to

the

objectives

of

registered capital

amount of registered capital increase, pricing

increase, number of investment units and amount of

Clause	Existing Statement	Amended Statement
	method for investment units to be offered, and	registered capital increase, pricing method for
	investment unit offering method, which shall be	investment units to be offered, and investment unit
	voted on per the following guidelines:	offering method, which shall be voted on per the
	(a) In case where a written request for	following guidelines:
	resolution has been sent to the unitholders,	(a) In case where a written request for resolution
	the resolution must be passed by more	has been sent to the unitholders, the resolution
	than half of the votes of investment units	must be passed by not less than 3/4 of the
	that have been sold and have voting rights	investment units of the unitholders with voting
	of the Fund.	rights, who have submitted their reply.
	(b) In case where a meeting of unitholders	(b) In case where a meeting of unitholders has
	has been called for, the resolution must be	been called for, the resolution must be passed
	passed by not less than 3/4 of the	by not less than 3/4 of the investment units of
	investment units of the unitholders with	the unitholders with voting rights, who attend
	voting rights, who attend the meeting. Such	the meeting. Such a meeting must be attended
	a meeting must be attended by not less	by not less than 25 unitholders or not less than
	than 25 unitholders or not less than half of	half of the total number of unitholders. The
	the total number of unitholders. The	unitholders who attend the meeting must
	unitholders who attend the meeting must	together hold not less than 1/3 of the Fund's
	together hold not less than 1/3 of the	investment units that have been sold, to
	Fund's investment units that have been	constitute a quorum.
	sold, to constitute a quorum.	(2) Requesting a resolution of the unitholders related
	( 2) Requesting a resolution of the unitholders	to amendment of the project to be consistent with the
	related to amendment of the project to be	registered capital increase in accordance with the
	consistent with the registered capital increase in	resolution of the unitholders as specified in (1),
	accordance with the resolution of the	where the resolution has been passed by more than
	unitholders as specified in (1), where the	half of the investment units of the unitholders with
	resolution has been passed by more than half of	voting rights, who attend the meeting or have
	the investment units that have been sold.	submitted their reply.
Clause 26.1 Right, duty and responsibility of the Management Company
26.1.3	Conditions of Changes of the Management	- Remove the existing statement and apply the new
Section 2 - 52	Company	statement as follows-;
	Fund may change the Management Company	Condition of Changes of the Management Company
	upon any of the following cases and/or upon
	approval by the Office of the Securities and
	Exchange Commission (SEC):

Clause			Existing Statement		Amended Statement
		1 ) When the unitholders of the Fund pass a		Fund may change the Management Company upon
		resolution of the unitholders of more than half of		any of the following cases and/or upon approval by
		the investment units that have been sold to		the Office of the SEC:
		change	the Management Company, the		1 ) When the unitholders of the Fund pass a
		unitholders shall give a written notice of such a
			resolution of the unitholders holding more than half
		change to the Management Company not less
			of the investment units of the unitholders with voting
		than 90 days in advance.
			rights, who attend the meeting or have submitted the
					reply, to change the Management Company, the
					unitholders shall give a written notice of such a
					change to the Management Company not less than
					90 days in advance.
Clause 33 The amendment to the Fund schemes or the management procedures

33.1 Amendment of project in case of modification of - Remove the existing statement and apply the new

Section 2 - 66 laws, regulations or orders					statement as follows-;
In conducting any operations or management of	Amendment	of project in case of modification of
the Fund,	the	Management	Company shall	laws, regulations or orders
comply with the stipulations of the project and	In conducting any operations or management of the
prospectus. However, in case where the SEC or
Fund, the Management Company shall comply with
the Office	of	the	SEC	or	other	regulatory
the stipulations of the project and prospectus.
agencies	issue	laws,	regulations,
However, in case where the SEC or the Office of the
announcements,	rules,	orders,	circulars,
SEC or other regulatory agencies issue laws,
waivers or changes, amendments or additions
regulations,		announcements, rules, orders,
of existing laws, regulations, announcements,
circulars, waivers or changes, amendments or
rules or orders,	the Management	Company
additions	of	existing	laws,	regulations,
reserves the right to amend, modify or make
announcements, rules or orders, the Management
addition to the Fund management	project or
Company reserves the right to amend, modify or
management methods in compliance with the
make addition to the Fund management project or
amended, modified or added laws, regulations,
management methods in compliance with the
announcements,		rules	or	orders.	the
	amended, modified or added laws, regulations,
Management	Company	shall request	an
announcements, rules or orders.
approval of the unitholders to amend the project
to comply with the amended, modified or added
laws, regulations,		announcements,	rules,	or