amended Upon calculation of the maximum transaction size is equal to 2. 38 percent based on the net tangible asset ( NTA) criteria ( calculated by using the information shown in the company's consolidated

consolidated financial statement dated December 31, 2019 is being referenced. To measure the transaction value the method used is book value of net tangible asset (NTA) and the value is 70.24% of the total asset

– 361,952,014 – 15,024,015 = 394,396,525 Baht Remark : *The figures according to the Company's consolidated financial statements as of 31 December 2019 (8) Opinions by the Company’s Board of Directors The Board

’ s consolidated total assets has grown at an average rate of 69.7% per year. The Company has a unique portfolio of hotels in desirable global holiday destinations, as follows (1) Two self-manage hotels

. dollar at the ending of each financial statement period; and • Non-recurring expenses of Baht 373 million, primarily due to a related cost of bond issuance of ABP3, ABPR1 and ABPR2, a provision of

million which was due to net loss on foreign exchange, loss on disposal of assets, and one-time increase in provision for retirement benefits. Central Retail Corporation Public Company Limited Page 7

there were provision for assets of subsidiaries set up in 2018 amounting to Baht 28.9 million and reversed loss of impairment of land amounting to Baht 16.2 million. No significant change in

mainly comprising depreciation and amortization of Baht 278 Baht, financial costs of Baht 46 million, unrealized loss from FX and derivative of Baht 40 million, NRV of Baht 19 million, provision for

financing facilities resulting in a write-off of deferred financing fee and a payment of prepayment fee in the amount of Baht 230 million and a provision of obsolete inventory in the amount of Baht 27 million

share e provision posal of Asse actions of the ng into dispo s. f asset transa umber of sh excluding Asset Dispos Business Re a independen actions and rd of Directo 1/2018 on 2 Bangna-Trad elow, and ap e