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26 Oct 2021 17:16:00
SET News :SET jointly with Shenzhen Stock Exchange showcases EV potential to Chinese institutional investors
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                                                                        SET News 79/2021
                                                           October 26, 2021

SET jointly with Shenzhen Stock Exchange showcases EV potential to Chinese 
institutional investors

BANGKOK, October 26, 2021 - The Stock Exchange of Thailand (SET) and the 
Shenzhen Stock Exchange (SZSE) today organized the "2021 China-Thailand Electric
Vehicle Cooperation Seminar" virtual event which attracted 340 institutional
and retail investors from China. Prominent speakers, consisting of executives
from Thailand's government-related agencies, the capital market and listed
companies, collectively presented potential of the infrastructures and
businesses in supporting the use of electric vehicles (EVs) to reduce energy
consumption and preserve the environment, while also promoting innovation and
new industries, and increasing investment opportunities in both countries. All
of these are on Chinese institutional investors' radar.

SET Senior Executive Vice President Soraphol Tulayasathien said that over 25 
Thai listed companies are involved in the development of EV businesses including
the production of EV cars, motorcycles and mass transit vehicles, lithium-ion
battery factories, electronic components and charging stations. Thailand and
China are committed to promoting EVs, in keeping with the global trend of
reducing coal usage and conserving the environment. Correspondingly, this is in
accordance with the government's ambition to develop Thailand into a global
manufacturing hub for EV and accessories with the objective of achieving 100
percent zero emission vehicles (ZEV) by 2035. It also aligns with SET's plan to
encourage listed companies to integrate the environmental, social and governance
 (ESG) principle into their operations toward balanced growth.

"In the seminar, Deputy Secretary General of the Eastern Economic Corridor (EEC)
Office Luxmon Attapich, and Kasikorn Securities pcl Managing Director Passakorn
Linmaneechote were invited to share their views on "EV Business Outlook in
China and Thailand" concerning the drive and development of the infrastructure,
the dynamics of the EV industry, the innovation for the sustainable benefits of
businesses and communities, and the EV investment trend in Thailand. Besides,
the executives of three listed companies with EV-related business namely AAPICO
Hitech pcl, NEX Point pcl and PTT pcl were also invited to present their EV
business strategic plans and potential, especially their energy innovations,
aiming to consequently build confidence among Thai and Chinese institutional
investors and expand investment opportunities in the future," Soraphol added.

SET and SZSE signed a memorandum of understanding in 2019 to promote Thai and 
Chinese securities, and to link both capital markets to increase more choices of
fundraising and investment such as the development of cross-border products and
 partnership on indices.

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