The Thai Capital Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment primarily in equity securities of Thai companies. The Fund�s investments in Thailand are made through a wholly-owned Investment Plan established under an agreement between SCB Asset Management Co., Ltd. (the Manager), the Fund�s investment manager, and the Fund. The Fund�s investments through the Investment Plan are managed by the Manager.