Project CROSSROADS Phase 1 which commenced the operation on September 1, 2019. Significant Developments Disposal of shares On February 17, 2020, according to the terms under the Joint Venture Agreement, in
consideration The criteria used in calculating the value of consideration shall be subject to the mutual agreement between the Company and the Sellers under the Share Purchase Agreement. In this regard, after due
calculating the value of consideration shall be subject to the mutual agreement between the Company and the Sellers under the Share Purchase Agreement. In this regard, after due consideration, the Board of
Joint Venture Agreement in accordance with the investment in high-end lifestyle resort on Island 3 of Project CROSSROADS (the “Project”) with our strategic partner – Wai Eco World Developer – a
short-term loans from financial institutions in the amount of 293.55 million baht as working capital for the business and recognition of liabilities under lease agreement in amount of 82.10 million baht
company in (5) or an agreement in the nature of debt financing with the company in (5) only in the case where the trust is already a shareholder. Clause 6 An infrastructure trust may be one of the following
million already paid as of September 2019 and THB 600.00 million proceeds from Rights Offering (“RO”) of the Company in October 2019), and breaches the 1.20 times level specified in the agreement with a
Investment in Underground Optic Fiber Network Project On February 5, 2019, the Company and ALT Telecom Public Company Limited (“ALT”) had entered into a Shareholders Agreement for the participation in the
precedent specified in the share purchase agreement are fulfilled. Upon consummation of the Share Acquisition Transaction, the Company will be the shareholder of Hero Experience holding shares equivalent to
Share Acquisition Transaction mentioned above will be entered into by the Company when the conditions precedent specified in the share purchase agreement are fulfilled. Upon consummation of the Share