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Kasikorn Asset Management Company Limited (the Management Company) would like to inform unitholders that the Management Company has been approved by the Securities and Exchange Commission (SEC) to amend the Fund Project of K Target Net Zero Thai Equity Fund (K-TNZ). The key amendments are summarized as follows:

1. Amendment to the Fund's Reference Index

To comply with Notification of the Office of the Securities and Exchange Commission No. Sor Nor. 42 /2568 Re: Rules, Conditions and Additional Procedures for Other SRI Funds, Thailand ESG Funds and Thailand ESG Extra Funds, the Fund's reference index will be amended as follows:

• Current: SET100 Total Return Index (SET100 TRI)
• New: SET100 Free Float Adjusted Market Capitalization Weighted Total Return Index (SET100FF TRI)
  
   
  However, the change of reference index will require the Management Company to rebalance the Fund's investment portfolio by adjusting the weighting of the existing securities held by the Fund, without any changes to the list of constituent securities.
  
  The Management Company has determined that the required portfolio rebalancing can be carried out in an orderly and manageable manner. This is because the constituent securities of the SET100FF TRI Index comprise large-cap companies with appropriate levels of market liquidity. Accordingly, the Management Company expects to complete the portfolio rebalancing within a reasonable period without causing any material impact on market conditions.
  
  During the portfolio rebalancing period, the Fund's Tracking Error may temporarily differ from its historical level. In addition, the Fund will incur transaction costs associated with the purchase and sale of securities, as well as potential market impact costs arising from such transactions. These costs are expected to be one-off in nature. Nevertheless, the Management Company expects that the impact on the Fund's Tracking Error and net asset value (NAV) will be minimal.
  
  Furthermore, aligning the Fund's portfolio with the SET100FF TRI Index is expected to enable the Fund's performance to more accurately reflect prevailing market conditions, reduce concentration risk, and enhance consistency with internationally accepted investment practices.
  
   
  2. Enhancement of Sustainability-Related Disclosures
  To comply with the SEC Office Notification No. SorNor. 42/2568, Re: Rules, Conditions and Additional Procedures for Other SRI Funds, Thailand ESG Funds and Thailand ESG Extra Funds.
  
   
  3. Additional Information on Risks and Risk Management for Derivatives Investments
  To comply with Notification of the Securities and Exchange Commission No. SorNor. 29/2564 Re: Mutual Fund Project Details.
  
   
  4. Removal of the Postponement of Redemption Proceeds Payment to Unitholders Disclosure
  The Postponement of Redemption Proceeds Payment to Unitholders Disclosure under the section relating to Redemption will be removed, as the SEC's system has already incorporated standardized disclosure on this matter.
  
   
  The above amendments will be effective from 1 September 2026 onwards. If unitholders would like to redeem the investment units , the Management Company will grant exit without back-end fee period from July 15, 2026 to August 31, 2026.
  
   
  For further information, please contact KAsset Contact Center Tel. 02 673 3888 press 1 or e-mail: ka.customer@kasikornasset.com
  
   
  
  Kasikorn Asset Management Co., Ltd.

July 14, 2026

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