(UNOFFICIAL TRANSLATION) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand can neither undertake

(daily reference settlement) ซึ่งรวมดอกเบี้ยค้างรับ (accrued interest) ที่เผยแพร่อยู่บนเว็บไซต์ของสมาคมตลาดตราสารหนี้ไทย ณ สิ้นวันที่ค านวณ - หุ้นจดทะเบียน หรือหน่วยลงทุนที่มีการซื้อขายในตลาดหลักทรัพย์ ให้

account the reference market price during the period of 15 days before 28th February 2020. 3. Earnings per Share Dilution The earnings per share dilution will approximately equal to 18.18 percent

UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference Form 69-REIT REIT Registration Statement

(UNOFFICIAL TRANSLATION) Codified up to No. 4 As of 28 March 2018 Readers should be aware that only the original Thai text has legal force, and that this English translation is strictly for reference

growth potential in the tourist industry. o The investment in Target Group Hotels and Resorts in 4 countries will further diversify the Company’s geographical risk. o The investment in the Target Group

and sustainable growth and diversify operating risk concentrated in Thailand. 2. The Company expects that the Transaction would create a strong business partnership where synergies could be achieved in

international distribution channels, allowing the Company to attain more stable and sustainable growth and diversify operating risk concentrated in Thailand. 2. The Company expects that the Transaction would

potential growth of the Company’s business in the future. Additionally, the offer price which has been 9 evaluated by the Company’s financial advisor via several valuation methodology in accordance with

employee’s skill and knowledge by having the skill training and education concerning to the business growth strategy. To create the Culture Working Team (CWT) for reinforcement the Company’s 6 Values and the