Siam Commercial Bank Public Company Limited has disclosed to the Stock Exchange of Thailand under the letter no. EPM 640095 dated 21 September 2021 regarding the agreement on a joint venture between the Bank and Advanced Info Service Public Company Limited ("AIS"), the Bank would like to inform that on 25 October 2021, the Bank has incorporated a new joint venture company with AIS under the name AISCB Co. Ltd. (the "AISCB") with the Ministry of Commerce, having a registered capital of THB 600,000,000.

AISCB's key objective is to provide the lending through digital platform (Digital Lending) to enhance the access to financial service. AISCB shall be under the Bank's financial group which the Bank shall hold 50 % and AIS shall hold 50 % of the total issued shares in AISCB.