Transaction constitutes as an asset acquisition transaction pursuant to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as

”) at a total sale price of not less than Baht 154,600,000. On March 30, 2018, the Company has proceeded with the transfer of the Disposed Assets to Landmark Property Company Limited (the “Purchaser”), in

1 Translation CEN 001-2021 March 1, 2021 Subject Management Discussion and Analysis for the year 2020 To The Manager and President The Stock Exchange of Thailand Capital Engineering Network Public

LEASEHOLD REAL ESTATE INVESTMENT TRUST AIRA CAPITAL PUBLIC COMPANY LIMITED AIRA FACTORING PUBLIC COMPANY LIMITED AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED AJ ADVANCE TECHNOLOGY PUBLIC COMPANY LIMITED AKS

, Samut Sakhon Province. The Company will purchase the land in cash and on the date of transfer, such land must be discharged from any obligation. The established Subsidiary with a registered capital of

shares after the capital increase of CCPH. In addition, this will be considered as the sale or transfer of the important parts of the business of the Company to other persons pursuant to Section 107 (2)(a

Cayman Islands ( " Target Company"). In addition, the Purchaser may repay certain loans owed to financial institutions by the Target Group Hotels and Resorts as a result of the transfer of equity in the

9 9. Source of Investment Capital The source of funding for the acquisition of ordinary shares of COMASS will come from the Company’s working capital and loan granted from a financial institution. In

for offer for sale of investment units for capital increase; Form for report on information disclosure; Form for report on securities holding and the report on the acquisition and disposal of securities

4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of