transactions: a) A 56% investment in DAII through an acquisition of DAII’s newly issued shares in January, in exchange for transfer of the Company’s 51% stake in Nirvana Development Co., Ltd. (“Nirvana”) and two
mainly from higher international tourist arrivals, especially from India, Japan, South Korea, the ASEAN region, and recovery in Chinese tourist arrivals as a result of an extension for visa-on-arrival fee
measurements, global lockdown, and international travel restrictions that led to the collapse of tourist arrival numbers. Plus, Thai export and import slumped on the weak demand which dampened domestic economic
confidence; 3.) strong tourism growth mainly from higher international tourist arrivals, especially from the ASEAN region, despite a slight decline in Chinese tourist arrivals during the second half of 2018
global economy 2.) tourism sector growth with an exceptional 12% YoY increase in tourist arrivals for the first six months of the year, especially Chinese, Russian and Indian tourists 3.) recovering
within the expected range 3.) strong tourism performance especially from increased foreign tourist arrivals from Malaysia, Japan, Hong Kong and India, despite having been affected by lower arrivals from
million or 12% increase compared to the same period of 2019. This was due to an increase in revenue from housing projects by Baht 487 million or 32%, mainly from an increase in transfer of single detached
following transactions: a) A 56% investment in DAII through an acquisition of DAII’s newly issued shares in January, in exchange for transfer of the Company’s 51% stake in Nirvana Development Co., Ltd
the transfer of equity in the Target Company from the Seller to the Purchaser. The repayment of the loan is with a value of not exceeding USD 100 million or not exceeding Baht 3,164 million1. The total