The signing of the memorandum of understanding between BTS Group Holdings Public Company Limited, Bangkok Smartcard System Co. Ltd. ("BSS") and AEON Thana Sinsap (Thailand) Public Company Limited ("AEONTS") will be held at Eastin Grand Hotel Sathorn Bangkok. This long-term business cooperation between BTS Group and AEONTS is a part of the expansion plan of the smartcard business. This cooperation not only increases the number of business partners but also expands the rabbit cardholders' base. Currently, there are approximately 3.5 million rabbit cards in the system and BSS targets an increase of around 0.7 million rabbit cards from this new cooperation. Under this cooperation framework, BSS and AEONTS will jointly develop the Co-Branded Rabbit. The first product to be launched under this program is `AEON Rabbit Member Card'. The cardholders can use this card to obtain consumer loans from AEONTS, to travel on the BTS SkyTrain system and to purchase products or services at the partner retail stores. The cardholders can also enjoy the special promotions and privileges offered by the business partners at the retail stores. In addition, BSS Holdings Company Limited (a new subsidiary of the Company under the incorporation process) ("BSS Holdings") and AEONTS will jointly set up a special purpose vehicle to purchase the consumer loan receivables generated from the AEON Rabbit Member Card in accordance with the Emergency Decree regarding Securitization B.E. 2540 (1997) (the "SPV"). This securitization project has a term of up to 10 years and a funding size of up to THB 5,000 million. The Company will invest in the debentures to be issued by the SPV in the amount of up to THB 4,500 million. BSS Holdings and AEONTS, the shareholders of the SPV, will also provide the SPV with the subordinated loans in equal amount, up to an aggregate amount of THB 500 million. The SPV will use the proceeds received from the debentures and subordinated loans to purchase the receivables from the consumer loan receivables from AEONTS.