CMA-GMS Capital Market Academy Execu�ve Educa�on

CLASS OF 2019

Capital Market Academy Greater Mekong Subregion Executive Education Program , 12 July - 4 August 2019 CMA-GMS Program Overview

“In the rapid growth of GMS capital markets and businesses, we need our leaders in both private and public sectors to have the capability while embracing a common vision towards the goal of mutual sustainable prosperity in our region.”

Dr. Chaiyawat Wibulswasdi Chairman, The Stock Exchange of Thailand

The Greater Mekong Subregion (GMS) comprising , The aim is for leading executives from private and government , Laos, , Thailand and is known to be sectors in the GMS countries to widen perspectives on both a precious and fast growing region. Along with the region’s abundance the opportunities and threats of the region, learn about business in natural resources, close geographic connections, large consumer expansion via the capital market, and share business insights base and relative low costs of labor, GMS also shows an impressive and practical ways for regional economic prosperity through and continuing growth and emerging as an attractive destination new ideas, new networks and collaborations. for global investors In the midst of the region’s rapid growth, there is significant This year the CMA-GMS program will be held for the fifth time, change in many aspects from human behavior and business in other words, participants will become Batch 5 of CMA-GMS operations to government policies. However, one of the most students. Upon completion of the program, participants will prominent and fundamental changes is the accelerating development become part of the prestigious and close-knit CMA-GMS alumni in technology and this shift will have massive effect on societies community and continue to work together beyond the program. and economies. The influx of technology and innovation inevitably pushes both public and private sectors in the region to adopt and adapt technology and innovative ideas to create competitive advantage and growth. GMS leaders in both the public and private sectors should be ahead of these changes, and take the position of being the disruptor, instead of waiting to be disrupted. As leaders are crucial drivers of direction for businesses and organizations, the Capital Market Academy (CMA) of The Stock Exchange of Thailand aims to develop high-quality capital market executives who possess well-developed professional abilities as well as dynamic visionary talents. Over the decade of the CMA operations, it has produced 27 generations of CMA students. This exclusive CMA-GMS program, a flagship international executive education program of the Stock Exchange of Thailand for GMS executives was conducted for the first time in 2015.

21 CMA-GMS Program Objectives

CMA-GMS

The program aims to equip participants with knowledge for participants to: Understand and be able to exchange information Collaboratively brainstorm to create GMS about the economic environment and business capital market collaboration platforms for opportunities in the GMS countries. shared success in the region. Learn and exchange experiences with Build long term relationship among top successful business entities that are executives in the GMS countries to promote investing in the GMS countries mutual cooperation and synergies.

Study the capital market mechanism in Strengthen GMS capital markets and order to create linkages to economic and business collaboration. business growth. Learn and exchange views on the opportunities and challenges of businesses and economies in the GMS area in the era of rapid development of startups, technology, and innovation.

Who should About 60 delegates of capital market-related organizations and businesses attend in the GMS:

Top executives from leading businesses

Top executives from government agencies (by invitation only)

337 CMA-GMS Program Structure

This module will inspire participants the idea of how they envisage the abundance of GMS resources that could bring about prosperity to the Module region. However, the resources, e.g. human capital, natural 1 resources, need development over time. With technological and innovative change in the world today, technology based or innovative businesses will be a significant part of the prosperity of the GMS in the long run. GMS: Region of Opportunities and Growth

Module 2 This module will describe how the capital market helps raise funds The program aims to equip participants with knowledge for participants to: and how it bridges the demand for funds with the supply of funds. This module also comprises business showcases and partnership models through site visits and panel discussions for the understanding Capital Market: Mechanism of how the capital market works. The capital market ecosystem and for Sustainable Business mechanism for stakeholders will be described to broaden participants’ Growth and Regional Wealth visions and perspectives of sustainable business.

This module is a supplement of module 2 for participants to learn through Module 3 real business cases in GMS countries. Prominent businesses in the region will be selected for participants to visit and participants will have the opportunity to build business links among executives CMA-GMS in the region as well as relevant government agencies. Moreover, participants will learn about cultures and social etiquettes in GMS International Businesses: countries that affect business success. Country Visit and Experience Sharing Module 4 This module aims at encouraging participants to open their minds and build together initiatives or platforms for the whole region. Business and Capital Market They will learn how to connect the region by forming a platform to Linkage: achieve common goals. Concepts of executive leadership will be GMS Cooperative Platform addressed and widely discussed to strengthen their business charisma. and Initiation

4 CMA-GMS Program Schedule | Week 1

Module 1: GMS: Region of Opportunities and Growth Thursday July 11, 2019 Participants arrival (except Thai participants)

WEEK Friday July 12, 2019 Venue: Capital Market Academy (CMA)

08:30 – 09:30 hrs. Registration / Welcome Remarks 09:30 – 10:30 hrs. GMS Opportunities: We Will Grow Together The keynote speech captures the big picture of how GMS countries can work together to build a creative and prosperous future for the region. The speaker’s valuable insights will inspire participants to realize that the GMS will grow faster with unity. Dr. Kobsak Pootrakool Former Minister Attached to the Prime Minister’s Office, Thailand This module will describe how the capital market helps raise funds 11:00 – 12:30 hrs. GMS Challenges: Mega Trends and The Shift to The New Chapter of GMS and how it bridges the demand for funds with the supply of funds. The influence and effect of mega trends whether it is the shift in power among the nations, shift This module also comprises business showcases and partnership in demographics, or shift in technology, are now more prevalent than ever. This session will reflect models through site visits and panel discussions for the understanding views on these trends and discuss how they may evolve the GMS to a new era. of how the capital market works. The capital market ecosystem and Dr. Kirida Bhaopichitr (CMA-GMS 3) mechanism for stakeholders will be described to broaden participants’ Director for TDRI Economic Intelligence Service visions and perspectives of sustainable business. Thailand Development Research Institute (TDRI) 12:30 – 13:30 hrs. Lunch 13:30 – 15:00 hrs. GMS Investment Outlook: Regional Business Strategies and Partnership An overview of the development in the GMS region and the tools and schemes of fundraising and cooperation in the region will be discussed. Participants will learn from successful cases of companies in the capital market which could be a guideline for the region. Mr. Chanitr Charnchainarong Senior Executive Vice President, Central Group, Thailand Chairman, Thailand-Cambodia Business Council 15:15 – 15:30 hrs. Program Overview and GMS Cooperation: Group Projects Assignment This program creates a unique opportunity for participants to be in a diverse environment among other top executives from countries in the region. To make the most benefit of this opportunity, the participants will be assigned in groups to discuss and prepare a group report in the form of a presentation to propose what the region can do to enhance collaboration. The presentations will be carried out on the last day of the program. This session will explain about the group project assignment as well as share project examples of previous years. Dr. Krisada Sektrakul Senior Executive Vice President This module aims at encouraging participants to open their minds Head of Capital Market Education Division and Sustainable Development Division and build together initiatives or platforms for the whole region. The Stock Exchange of Thailand They will learn how to connect the region by forming a platform to achieve common goals. Concepts of executive leadership will be addressed and widely discussed to strengthen their business charisma.

Remark: The sequence and details of the sessions are subject to change. 5 CMA-GMS Program Schedule | Week 1

Friday July 12, 2019 Venue: Capital Market Academy (CMA)

WEEK

15:30 – 17:00 hrs. GMS Sharing: 3 Top Trends in Your Country A group of participants from each country will present to the class about their country. They will share a brief country overview such as demographic and economic highlights. Then, they will also share about what are the ‘must-eat, must-see, must buy’ of each country. This is an ice-breaking activity that will allow participants to learn about other countries as a foundation for building strong relationships. Moderated by Mr. Chirathep Senivongs Executive Vice President The Stock Exchange of Thailand 17:00 - 18:00 hrs. ASEAN and GMS Outlook and Opportunities ASEAN particularly GMS region has become more relevant to the global eye. Views upon the significant progress and development of overall economy as well as the financial market and real sector will be discussed. This will broaden investment views and explore opportunities in this region. Mr. Lim Chong Boon Dennis President MFC Asset Management Public Company Limited 18:00 hrs. onwards Welcome Dinner with CMA-GMS Alumni

Saturday July 13, 2019 Venue: Capital Market Academy (CMA)

WEEK

08:30 - 09:00 hrs. Registration 09:00 - 10:00 hrs. GMS Project Assignments: Concept and Theme Introduction Each group will have 5 minutes to give a glimpse report of their project’s concept and theme. 10:30 - 12:00 hrs. GMS Digital Economy: Innovation and Technology for Business Transformation With today’s advanced technologies, there are disruptive changes in all aspects: government policies, business management, lifestyle, schools of thought, consumer demand, and so on. This session will inspire participants to think about how businesses can transform themselves by adapting and adopting those changes and create value through innovation. Ms. Patama Chantaruck Vice President for Indochina Expansion and Managing Director IBM Thailand Company Limited

Remark: The sequence and details of the sessions are subject to change. 6 As leaders are crucial drivers of direction for businesses and organizations, the Capital Market Academy (CMA) of The Stock Exchange of Thailand aims to develop high-quality capital market executives who possess well-developed professional abilities as well as dynamic visionary talents. Over the decade of the CMA operations, it has produced 27 generations of CMA students. This exclusive CMA-GMS program, a flagship international executive education program of the Stock Exchange of Thailand for GMS executives was conducted for the first time in 2015.

CMA-GMS Program Schedule | Week 1

Saturday July 13, 2019 Venue: Capital Market Academy (CMA)

WEEK

12:00 - 13:30 hrs. Lunch 13:30 - 15:30 hrs. China-GMS Challenges: Unlock Belt and Road Initiatives Belt and road Initiative (BRI) has been highlighted in recent years, especially after the rise of China in the world economy. BRI is projected by China's government aiming to map the strategically logistic connection between countries including GMS. This leads to the brighter era of the regions in the near future. The speakers will shed light on the project that could be linked to the GMS countries. Mr. Bunn Kasemsup (CMA-GMS 1) Managing Director SCG International Corporation Co., Ltd. Mr. Joe Horn Phathanothai (CMA-GMS 1) Chief Executive Officer Strategy613 Co., Ltd. 16:00 - 17:00 hrs. Innovation and New Business Opportunities in the Digital World Dr. Sutee Mokkhavesa Senior Executive Vice President Muang Thai Life Assurance Public Company Limited 17:00 hrs. onwards Dinner

Sunday July 14, 2019 Venue: Chao Phraya River/ Kanlayanamitr Temple

WEEK

09:00 - 12:00 hrs. GMS Networking: a Cruise Visit to Kalayanamitr Temple A casual networking cruise trip along Chao Phraya River to visit the Kalayanamitr Temple will be a valuable time for participants to relax, enjoy each other’s company and see the views of Bangkok by riverside. 12:00 - 13:30 hrs. Lunch 13:30 hrs. onwards Travelling to the Airport

10 7 Remark: The sequenceRemark: andThe detailssequence of the and sessions details of are the subject sessions to change. are subject to change CMA-GMS Program Schedule | Week 2

Module 2 : Capital Market: Mechanism for Sustainable Business Growth and Regional Wealth Thursday July 18, 2019 Participants arrival (except Thai participants)

WEEK Friday July 19, 2019 Venue: The Stock Exchange of Thailand (SET)

08:30 - 09:00 hrs. Registration 09:00 - 09:30 hrs. Visit INVESTORY and Maruey Knowledge Resource Center Participants will have a brief visit to the unique financial library of The Stock Exchange of Thailand (Maruey Knowledge and Resource Center) and the investment discovery museum (INVESTORY). Participants will learn how the SET can serve the public in promoting financial literacy and investment education. 09:30 – 09:45 hrs. Welcome Remarks A short welcome to SET by SET President. Dr. Pakorn Peetathawatchai (CMA-GMS 2) President The Stock Exchange of Thailand 09:45 - 11:00 hrs. Capital Market Essentials 1: Ecosystem and Mechanism for Sustainable Growth of Nations and the Region The capital market plays a crucial role in a country’s economy. The capital market ecosystem is a landscape for regulators, exchanges, investors, listed companies, financial intermediaries to synergize for the sustainable growth of the country and the region. Dr. Soraphol Tulayasathien (CMA-GMS 4) Senior Executive Vice President-Head of Corporate Strategy Division The Stock Exchange of Thailand 11:30 - 12:30 hrs. Capital Market Essentials 2: Capital Markets as a Strategy for Business Growth One of the functions of the capital market is the use of the stock exchange as a strategic mechanism to drive economic and financial growth which greatly contributes to national wealth. In this session, under GMS fundamentals and growth opportunities, the methods in which the GMS can utilize the capital market will be addressed along with real case studies. Mr. Manpong Senanarong Senior Executive Vice President-Head of Issuer Marketing Division The Stock Exchange of Thailand

Remark: The sequence and details of the sessions are subject to change. 8 CMA-GMS Program Schedule | Week 2

Friday July 19, 2019 Venue: The Stock Exchange of Thailand (SET)

WEEK

12:30 - 13:30 hrs. Lunch 13:30 - 16:00 hrs. Capital Market Partnership Experiences: Cooperative Strategies to Drive Regional Growth This is a sharing session between participants and CMA-GMS alumni to exchange views and experiences relating to investment in the GMS or other areas with the support of regional capital markets. This session will broaden investment perspectives as well as highlight the importance of regional cooperation. Mr. Neak Samsen (CMA-GMS 3) Research Director Nuppun Institute for Economic Research, Cambodia Mr. Nopadej Karnasuta Executive Vice President & Chief Financial Officer B.Grimm Power Public Company Limited, Thailand Mr. Rithikone Phoummasack (CMA-GMS 1) Advisor AIF Group, Lao PDR Ms. Thiri Thant Mon (CMA-GMS 3) Founder & Managing Director Sandanila Investments-Sandanila Co., Ltd., Myanmar Moderated by Ms. Suphattakit Jetthaveekik 16:00 - 17:00 hrs. Travelling to the restaurant 17:00 hrs. onwards Dinnner

Remark: The sequence and detailsRemark: of Thethe sessionssequence are and subject details to of change. the sessions are subject to change. 9 8 CMA-GMS Program Schedule | Week 2

Saturday July 20, 2019 Venue: Chatrium Riverside Hotel/ Thai President Foods Public Company Limited/

WEEK Holiday Inn Pattaya

08:30 - 09:00 hrs. Registration 09:00 - 11:00 hrs. Building Legacy: Empowering Family Businesses for The Next CMA-GMS Generations Up to three quarters of world businesses are family businesses and they contribute greatly to the world’s economy. The speaker will share how family business owners can understand and navigate through key complexities and risks, with the ultimate goal of achieving a sustainable business model for their future generations. Prof. Kitipong Urapeepatanapong Chairman Baker & McKenzie Company Ltd. , Thailand 11:00 - 12:00 hrs. Lunch 12:00 - 14:00 hrs. Travelling to Thai President Foods Public Company Limited 14:00 - 15:30 hrs. Capital Market Business Showcase: Thai President Foods Public Company Limited Thai President Foods, established in 1972, is one of the most admired instant and food businesses in Thailand and global markets. The speaker will share views on how the company’s joint venture with an overseas company who has expertise in food production technology became a successful food business in Thailand. Ms. Pojjana Paniangvait Director and Risk Management Committee Thai President Foods Public Company Limited, Thailand 15:30 - 17:00 hrs. Travelling to Pattaya 18:30 hrs. onwards GMS Networking: GMS Fullmoon Party at Holiday Inn Pattaya

Remark: The sequence and details of the sessions are subject to change. 10 CMA-GMS Program ProgramSchedule Schedule | Week 2

Sunday July 21, 2019 Venue : Holiday Inn Pattaya WEEK

09:00 - 10:00 hrs. Registration 10:00 - 12:00 hrs. GMS Startup Business Showcase: The New Breed of Entrepreneurs for The Region Due to the change of consumer demand and rapid change of technology, startup businesses are quick to respond to an ever changing world. Startup businesses have been rapidly expanding in volume and in value. In this session, CMA-GMS alumni and participants will discuss on the case studies of newly established enterprises in the GMS region. Mr. Aye Thiha (CMA-GMS 2) Chief Executive Officer Thiha Group, Myanmar Mr. Patai Padungtin (CMA-GMS 3) Principal/ Evangelist Builk Asia Co., Ltd., Thailand Mr. Soreasmey Ke Bin (CMA-GMS 4) Managing Partner Confluences Co., Ltd., Cambodia A Representative from Lao PDR A Representative from Vietnam Moderated by Mr. Anuwat Ruamsuke (CMA-GMS 4) Managing Director-Head of Capital Markets Department Phatra Securities Public Company Limited, Thailand 12:00 - 13:30 hrs. Lunch 13:30 hrs. onwards Travelling to the Airport

Remark: The sequence and details of the sessions are subject to change. 11 CMA-GMS Program Schedule | Week 3

5-Day TRIP

CMA-GMS Class of 2019 Educational Trip to Laos

LAO SECURITIES EXCHANGE, NAM NGUM, LUANG DAM PRABANG BEER LAO COMPANY FACTORY, VIENTIANE

XAYABURI HYDROELECTRIC POWER PROJECT 24-28 July 2019

CMA-GMS Capital Market Academy Execu�ve Educa�on Remark: The sequence and details of the sessions are subject to change. 12 CMA-GMS Program Schedule | Week 4

Module 4: Business and Capital Market Linkage: GMS Cooperative Platform and Initiation Thursday August 1, 2019 Participants arrival (except Thai participants) Friday August 2, 2019 Venue: Amazon Inspiring Campus (AICA)/ PTT-Oil Business Academy WEEK (OBA)/ Workpoint Entertainment Public Company Limited (WORK) 08:30 - 09:00 hrs. Registration 09:00 - 11:30 hrs. CMA-GMS Business Linkage: Amazon Inspiring Campus (AICA) and PTT Oil Business Academy (OBA) At the PTT-OBA and AICA, participants will learn about PTT, the biggest oil and petroleum company in Thailand and its subsidiary, Amazon – one of the most famous and biggest coffee retail business in Thailand. This interesting business showcase is a success story in terms of business line expansion and its adaptation to consumer tastes and lifestyle. Business expansion to CLMV will also be discussed. The AICA campus has an interactive exhibition, training center and a roasting plant in a fresh, cozy and relaxing natural environment. Representatives from OBA and AICA 11:30 - 14:00 hrs. Lunch 14:00 - 15:00 hrs. Travelling to Workpoint Entertainment (WORK) Studio 15:00 - 17:00 hrs. Capital Market’s Business Showcase: Workpoint Entertainment Public Company Limited Workpoint Entertainment is a leading media and event organizer company in Thailand. It is founded in 1989 and became a listed company in 2004. The company and its subsidiaries are in the business of television production, film making, event management, animation, publishing, event marketing and recording. Participants will gain new ideas of how business expansion can be supported via the capital market as well as the company’s strategies to be a media leader in Southeast Asia. Mr. Dhanasak Hoonarak (CMA-GMS 3) Chief Business Development Officer Workpoint Entertainment Public Company Limited, Thailand Mr. Surakarn Sirimothya Chief Financial Officer Workpoint Entertainment Public Company Limited, Thailand 17:00 - 18:00 hrs. Travelling to Chatrium Riverside Hotel 18:00 hrs. onwards Dinner

Remark: The sequence and details of the sessions are subject to change. 13 08:30 - 09:00 hrs. Registration 09:00 - 11:00 hrs. Building Legacy: Empowering Family Businesses for The Next CMA-GMS Generations Up to three quarters of world businesses are family businesses and they contribute greatly to the world’s economy. The speaker will share how family business owners can understand and navigate through key complexities and risks, with the ultimate goal of achieving a sustainable business model for their future generations. Prof. Kitipong Urapeepatanapong Chairman Baker & McKenzie Company Ltd. , Thailand 11:00 - 12:00 hrs. Lunch 12:00 - 14:00 hrs. Travelling to Thai President Foods Public Company Limited 14:00 - 15:30 hrs. Capital Market Business Showcase: Thai President Foods Public Company Limited Thai President Foods, established in 1972, is one of the most admired and food businesses in Thailand and global markets. The speaker will share views on how the company’s joint venture with an overseas company who has expertise in food production technology became a successful food business in Thailand. Ms. Pojjana Paniangvait Director and Risk Management Committee Thai President Foods Public Company Limited, Thailand 15:30 - 17:00 hrs. Travelling to Pattaya 18:30 hrs. onwards GMS Networking: GMS Fullmoon Party at Holiday Inn Pattaya

CMA-GMS Program Schedule | Week 4

Saturday August 3, 2019 Venue: Capital Market Academy (CMA)

WEEK

08:30 - 09:00 hrs. Registration 09:00 - 12:00 hrs. CMA-GMS Project Assignments: Final Presentation This is the most highlighted and paramount session of the CMA GMS program. Each group will share their views and proposals on how to enhance regional collaboration, through their group project. The whole four weeks of learning and working together will generate recommendations for the region in the form of a group report presentation (no more than 15 minutes per group). Representatives from CMA-GMS Class of 2019 12:30 - 13:30 hrs. Lunch 13:30 – 14:30 hrs. CMA-GMS Course Conclusion This session aims at wrapping up all key learning from the course and will open the floor for participants to share their thoughts and reflect on what they have learned. 15:00 - 16:30 hrs. CMA-GMS Business Linkage: Tips for Regional Business Leaders This last session is a special talk from a multicultural expert experienced in empowering leaders to navigate successfully between cultures to maximize performance and productivity. The talk will open perspectives on how leaders can increase their cultural intelligence in a globalized world. Mr. Narongrid Galaputh (CMA-GMS 3) Chief Executive Officer-Non Hospital Group Bangkok Dusit Medical Services Public Company Limited, Thailand 17:00 - 18:00 hrs. CMA-GMS Certificate Ceremony 18:00 hrs. onwards CMA-GMS Graduation Party

Sunday August 4, 2019 Venue: Trimitr Withayaram Temple WEEK

09:30 - 12:00 hrs. GMS Networking: Trimitr Withayaram Temple 12:00 - 13:30 hrs. Lunch 13:30 hrs. onwards Travelling to The Airport

Remark: The sequence and details of the sessions are subject to change 14