510,000,000. In doing so, the Company and the Seller have to first comply with the conditions precedent prior to entering into the transaction as per the Memorandum of Understanding on Sale and Purchaser of
approved the transaction in principle. The approval of ERC is granted subject to a condition precedent that GLOW must sell Glow SPP 1 Co., Ltd. (SPP1) before or at the same time as the merger of the company
with the provisions of the Public Company Act that require the Company to reduce the share capital by cancellation of registered shares that have not been issued prior to increase new share capital
respect to payment of the sale share consideration, conditions of payment and termination of agreement as follows: Conditions precedent for the third completion of the share sale and purchase - The seller
statement of the Company ended March 31, 2019. After the computation of the transaction size together with the Company’s other acquisition transactions within the past 6 months prior to the approval of the
integrated tourism complex (“1st Phase Development”). • In February, the Company entered into an Equity Purchase Agreement with conditions precedent to invest in six Outrigger-branded hotels (totaling 859 keys
in which all conditions precedent under the Shares Sale and Purchase Agreement is fulfilled or receiving indulgence from the related party (in which all material conditions precedent has been