Right adjustment of DW / No right adjustment of DW

Subject                                  : Adjustment
Symbol                                   : BABA28P2509A
The Full name                            : DERIVATIVE PUT WARRANTS ON ALIBABA 
GROUP HOLDING LIMITED (9988) ISSUED BY MACQUARIE SECURITIES (THAILAND) LIMITED
LAST TRADING IN SEPTEMBER 2025 # A
Before Exercise Price (Currency/share)   : 87.00 HKD
After Exercise Price (Currency/share)    : 85.563 HKD
Before Adjustment Exercise Ratio (DW :   : 110 : 1
share)
After Adjustment Exercise Ratio (DW :    : 108.18313 : 1
share)
After Adjustment Exercise Ratio          : 0.00924
(Calculate)
The reason for adjustment                : To ensure that the benefits of the 
Derivative Warrant holders are not less than the existing status according to
the Term and Condition of Derivative Warrant issuers and Derivative Warrant
holders. The reasons for adjustment of this event are as follows: refer to our
announcement ref. MACQ-OPS / 003-2025, as the cash dividend will be paid other
currency apart from the currency of the underlying securities and there is  no
USDHKD exchange rate provided by Alibaba Group Holding Limited before 11 Jun
2025, the issuer is using the USDHKD Mid-Rate provided by Bloomberg at 15.00 hrs
(local Thai time) which is 1 USD per HKD 7.8488 per for adjustment of the DW
terms for the dividend payment.
Effective Date                           : 11-Jun-2025
Authorized Persons to Disclose           : Mr. Noppadon Duangthipnest
Information
Position                                 : Director

______________________________________________________________________

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