description of the transaction. The transaction is Acquisition of Asset of Listed Companies, the size of the transaction is 7.51 % of total value of the consideration given or received. The size of the

31,463,835.60 baht or transaction size is equal to 2.94% of the company's net tangible assets (NTA) amount of 1,068.18 million baht, in accordance with the consolidated financial statements as of June 30, 2020

registration or any other similar operations from the home regulator: (1) ASEAN collective investment scheme; (2) APEC Asia Region Funds Passport; (3) foreign ETF. 2 “ASEAN collective investment scheme” means a

Thailand remains attractive compared to other stock markets in the region. Analysis of the Operating Results The operating results of Land and Houses Securities Public Company Limited and its subsidiary in

Thai economic recovery and performance of listed companies tend to continuously improve. Moreover, The Stock Exchange Thailand remains attractive compared to other stock markets in the region. Analysis

larger business size, to support future business expansion as well as an increase in marketing activities in shopping malls. The amount also includes administrative expenses associated with GLAND’s

due to the larger business size to support future business Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 9 of 16 expansion as well as an increase in rental

Acquisition Transaction, the Company will be the shareholder of Hero Experience holding shares equivalent to 32.5 percent of the registered capital. Based on calculation of the transaction size, the

calculation of the transaction size, the transactions have a maximum size in aggregate of 40.18 percent according to the calculation by the size of the total value of the consideration paid, (including

Company Calculation of Transaction Value according to the 4 basis under Notifications on Acquisition or Disposal No Basis for Calculation Formula Transaction Size 1. NTA Basis Divested Portion (90%) x NTA