Alphabet Inc. Global Depositary Receipt

Alphabet Inc. Global Depositary Receipt is a financial instrument that provides investors in Thailand with indirect access to the equity of Alphabet Inc., the parent company of Google. This asset is structured as a depositary receipt issued by a local financial institution, in this case KTB, and is backed by underlying shares of Alphabet Inc.'s Class C stock, which does not convey voting rights. The primary function of this depositary receipt is to facilitate cross-border investment, enabling local investors to gain exposure to a leading global technology conglomerate without the complexities of trading shares directly on foreign exchanges. Alphabet Inc. operates in diverse sectors including search engines, cloud computing, digital advertising, video streaming, artificial intelligence, and smart home devices, underpinning its significant role in shaping internet services and digital economies worldwide. The depositary receipt allows investors to participate in Alphabet's financial performance and sectoral impact through the domestic market, thus contributing to greater market integration and diversification for Thai portfolios.