Settlement Price and Net Cash Settlement of 14 Derivative warrants issued by JPM

Settlement Price and Net Cash Settlement Subject : Settlement Price and Net Cash Settlement Data as of : 22-Dec-2025 Maturity date : 24-Dec-2025 Expense of exercise (Baht) : 0.00 DW Symbol : DJI41C2512A Multiplier of Index (Currency: Index : 0.00002 USD Point) Underlying asset price (Index) : 48,089.94 Exercise price (Index) : 49,000.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : DJI41C2512T Multiplier of Index (Currency: Index : 0.00002 USD Point) Underlying asset price (Index) : 48,089.94 Exercise price (Index) : 40,000.00 Net cash settlement amount (Baht) : 5.08695 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : DJI41P2512A Multiplier of Index (Currency: Index : 0.00002 USD Point) Underlying asset price (Index) : 48,089.94 Exercise price (Index) : 40,000.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : DJI41P2512T Multiplier of Index (Currency: Index : 0.00002 USD Point) Underlying asset price (Index) : 48,089.94 Exercise price (Index) : 44,000.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : MCA5041C2512A Multiplier of Index (Currency: Index : 0.001 CNH Point) Underlying asset price (Index) : 2,624.43 Exercise price (Index) : 2,450.00 Net cash settlement amount (Baht) : 0.77925 Exchange Rate (Baht/Currency) : 4.4674 THB/CNH DW Symbol : MCA5041P2512A Multiplier of Index (Currency: Index : 0.001 CNH Point) Underlying asset price (Index) : 2,624.43 Exercise price (Index) : 2,050.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 4.4674 THB/CNH DW Symbol : NDX41C2512A Multiplier of Index (Currency: Index : 0.00003 USD Point) Underlying asset price (Index) : 25,132.79 Exercise price (Index) : 25,500.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : NDX41C2512T Multiplier of Index (Currency: Index : 0.00003 USD Point) Underlying asset price (Index) : 25,132.79 Exercise price (Index) : 20,250.00 Net cash settlement amount (Baht) : 4.60545 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : NDX41P2512A Multiplier of Index (Currency: Index : 0.00003 USD Point) Underlying asset price (Index) : 25,132.79 Exercise price (Index) : 20,500.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : NDX41P2512T Multiplier of Index (Currency: Index : 0.00003 USD Point) Underlying asset price (Index) : 25,132.79 Exercise price (Index) : 23,000.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : SPX41C2512A Multiplier of Index (Currency: Index : 0.00015 USD Point) Underlying asset price (Index) : 6,796.54 Exercise price (Index) : 7,000.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : SPX41C2512T Multiplier of Index (Currency: Index : 0.0001 USD Point) Underlying asset price (Index) : 6,796.54 Exercise price (Index) : 5,600.00 Net cash settlement amount (Baht) : 3.76192 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : SPX41P2512A Multiplier of Index (Currency: Index : 0.00015 USD Point) Underlying asset price (Index) : 6,796.54 Exercise price (Index) : 5,250.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD DW Symbol : SPX41P2512T Multiplier of Index (Currency: Index : 0.0001 USD Point) Underlying asset price (Index) : 6,796.54 Exercise price (Index) : 6,600.00 Net cash settlement amount (Baht) : 0.00 Exchange Rate (Baht/Currency) : 31.440 THB/USD Remark : 1. Net Cash Settlement Amount = Cash Settlement Amount - Exercise Expense Charged by Issuer By; In case of Call Warrant and Underlying Asset is Stock : Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio In case of Put Warrant and Underlying Asset is Stock : Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio In case of Call Warrant and Underlying Asset is Index : Cash Settlement Amount = (Settlement Price - Exercise Price) X Multiplier In case of Put Warrant and Underlying Asset is Index : Cash Settlement Amount = (Exercise Price - Settlement Price) X Multiplier In case of Call Warrant and Underlying Asset is Foreign Stock : Cash Settlement Amount = (Settlement Price - Exercise Price) X Exercise Ratio X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Stock : Cash Settlement Amount = (Exercise Price - Settlement Price) X Exercise Ratio X Exchange rate In case of Call Warrant and Underlying Asset is Foreign Index : Cash Settlement Amount = (Settlement Price - Exercise Price) X Multiplier X Exchange rate In case of Put Warrant and Underlying Asset is Foreign Index : Cash Settlement Amount = (Exercise Price - Settlement Price) X Multiplier X Exchange rate 2. Any Derivative Warrant (DW) will automatically be exercised if the Net Cash Settlement Amount on the Automatic Exercise Date is greater than zero (without notice being given to the Holders). The Issuer will pay to the Holders the Net Cash Settlement Amount (if any) with procedure defined in Terms and Condition. 3. The Holders can deny the exercise of DW by informing their broker in accordance with procedures stipulated by their broker. Authorized Persons to Disclose : Tosapol Kerdphol Information Position : Executive Director ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement. If you would like to see the full details of this information, please click view "full details" in attached file.