Announcement on Guidelines for Preventing Unfair Practices in Digital Asset Trading

The Account Owner who receives penalties at each level, will be notified via email which the Account Owner used to open the Trading Account, and the Account Owner will be informed the reasons for the punishment, and penalties within seven (7) days from the discretion date by the Company. If the Account Owner wishes to inquire more details, or dispute the Company's discretion, the Account Owner shall contract the Company within twenty-four (24) hours of receipt of email notice.

However, in the event that there is an event of unfair trading action, and the Company suffers damages from such action (whether directly or indirectly), the Company reserves the right to proceed any legal actions to claim for such damages from the Account Owner.

Please be informed and cooperate with this Announcement. The Announcement will be in effectives from 12 September 2024 onwards.

Examples of behaviors that are considered as unfair trading actions

• An abnormally high volume of trading and cancellation of orders at the same time (Trading Activities Spike Detection), such as the creation of a large number of orders and cancel the order immediately.
• Repeated trading with the same person or group of people, such as multiple transactions between two (2) accounts where the account owner is an individual, and/or the same group of people (Wash Trade) who are considered as a beneficial owner of such actions, including the purpose of camouflaging other investors to misunderstand of the price, or the trading volume of the digital asset, e.g. offering to buy at a price higher/lower or equal to the price that they have offered for sale by way of matching with a person or group of people or oneself significantly.
• Creation of orders that are continuously higher/lower the normal price, e.g. there is a sell order with a price lower than the last traded price by creating orders continuously, which is considered suggestive or push up the price with the objective of controlling digital asset prices, and make other investors misunderstand on prices that change significantly over a period of time.
• Sweeping buy and sell orders in the market, e.g. sweeping sell orders causes the market price to significantly rise and continue such action.
• Creating multiple orders at the same price, while such orders can be placed in a single order in order to control the price of digital assets not to change in price, which is considered as a price support as the price of digital assets will not be changed or cause a misunderstanding that there is a demand to buy/sell in such digital assets.
• Insider trading within the organization, or personal relationships to obtain the benefits from such inside information to decide buy or sell digital assets, such as speculation or hoarding such digital assets (Insider Trading).

The above behaviors are examples of behaviors that can be considered unfair actions, or affect to other investors in the trading exchange. If the Company inspects other actions that may be intentionally causing abnormal market conditions or order abnormalities, the Company shall consider such actions as an offense according to the Royal Decree on Digital Asset Businesses B.E. 2561 and relevant regulations.