million * 14.66% / Baht 5.94 million = 30.24% 3. Total value of consideration = Total value of consideration5 / Total assets of the Company = Baht 97.53 million * 14.66%/ Baht 1,497.86 million = 0.95% From

Guidelines on the Consideration of Definition “Company” under Section 89/1

) the consideration framework of the SEC Office on factors for issuing [administrative] order to the REIT manager shall be subject to the provisions under Chapter 4. Chapter 1 Granting an Approval for

market business and a renewal of such approval shall be in accordance with the rules, conditions and procedures for consideration of granting an approval as stipulated by the Notification of the SEC Office

Calculation of Offer Price of Securities and Determination of Market Price for Consideration of Offer for Sale of Newly Issued Shares with Discount

Guideline on Consideration of Natures of Giving Advice to Public Not Being Regarded as Engagement in the Securities Business in Category of Investment Advisory Service

SEC Office. (Reasons for seeking an exemption are required for the SEC Office's consideration). 4.5 Having not been accused of or subject to criminal proceeding, whether under Thai or foreign laws

qualified with criteria as prescribed under Clause 3, the SEC Office would make the proposal to the Securities and Exchange Commission for consideration of granting an approval within 60 days as from the date

performance of duties with responsibility and deliberation as a professional*. SEC has therefore imposed a suspension of approval on {A} as investment consultant for Complex Products Type 2** and as

approval shall be in accordance with the rules, conditions and procedures for consideration of granting an approval as stipulated by the Notification of the SEC Office. Division 2 Period of Approval and