and/or Transfer of Ownership Seller Rich Asia Industry Company Limited (“Subsidiary Company”) Purchaser Chote Pittayachai 5 Co., Ltd. Who is not a related person of the Company pursuant to the
Residences, Bangkok (“RCR”) of 1,692.5 Million Baht (65.6 % of total revenues) from the transfer of 33 residences, and also the increasing revenue from Food and Beverages of DEAN & DELUCA of 801.5 Million Baht
69% as compared to Q1 2017 of 1,761 million Baht. The significant decrease was mainly due to the transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon in Q1 2018 is only 6 residences which
postpone the transfer until they can inspect their units by themselves. Potential Thai buyers, on the other hand, adopting Social distancing, a well-known campaign during COVID-19 outbreak, opted to delay
(Table 5) consisted of: Table 5: Cost of Property Development (Baht 1,000) Net book value as at January 1, 2016 852,096 Purchases/transfer in 57,262 Disposals/transfer for (368,575) Loss on impairment of
right to terminate the agreement and forfeit such security deposit. The Company agrees to register the transfer of ownership of the Land and Buildings under this agreement to the Purchaser at the
Baht (64% of total revenues) from the transfer of 27 residences, and also the increasing revenue from Food and Beverages of DEAN & DELUCA of 702 Million Baht (33% of total revenues), and also the