Global X S&P Crude Oil Futures Enhanced ER ETF Units Thailand Depositary Receipts Repr 0.01 Sh is an exchange-traded depositary receipt issued in Thailand that provides local investors with direct investment exposure to international crude oil commodities. Listed on the Stock Exchange of Thailand under the ticker symbol OIL03 and issued by InnovestX Securities Co., Ltd., each depositary receipt represents a beneficial interest in 0.01 shares of the underlying Global X S&P Crude Oil Futures Enhanced ER ETF, an exchange-traded fund domiciled in Hong Kong and managed by Mirae Asset Global Investments (Hong Kong) Limited. The primary business activity of the instrument is enabling cost-effective, Thai Baht-denominated trading of global energy commodity derivatives through standard domestic brokerage accounts during Stock Exchange of Thailand market hours, eliminating the need for direct overseas custody or currency exchange management. The depositary receipt structure provides systematic investment exposure through several core components and services; underlying tracking of the S&P GSCI Crude Oil Enhanced ER Index, which reflects the performance of West Texas Intermediate Light Sweet Crude Oil futures contracts traded on the New York Mercantile Exchange; an enhanced roll methodology designed to optimize contract rolling schedules and mitigate the negative effects of futures market contango; institutional liquidity provision and continuous two-way market making provided by the issuing broker; automated cross-border custody, settlement, and corporate action distribution administered via the Thailand Securities Depository Co., Ltd.; and fractional share access that lowers capital barriers for retail, wealth management, and institutional investors in Southeast Asia. InnovestX Securities is headquartered in Bangkok, Thailand, operating as the specialized digital securities and investment management subsidiary of SCBX Public Company Limited, while the underlying asset manager, Mirae Asset Global Investments, is headquartered in Seoul, South Korea with regional operations across Hong Kong, the United States, and Asia-Pacific. In recent developments, the issuer has expanded its cross-border depositary receipt suite under the modernized InnovestX wealth platform following the comprehensive corporate restructuring and digital transformation of the SCBX group. Additionally, the underlying asset manager and the issuer have enhanced liquidity support mechanisms, refined digital trading integration for multi-asset mobile platforms, and broadened marketing collaborations with domestic securities brokers to meet rising institutional and retail demand for commodity portfolio diversification and macroeconomic hedging against global energy volatility.