Performance for the year ended December 31, 2019 Administrative Expenses Baht Million 2018 2019 +/(-) +/(-) % Employee and executive expenses 86.79 131.82 45.03 51.88% Advisor expenses 11.53 14.05 2.52 21.86

holder as a beneficiary of REIT. “financial advisor” means a financial advisor which is on the approved list of the SEC Office. “rent” means a consideration which is received from renting, using area or

property valuer approved by the Office; (b) sensitivity analysis which has been audited by an auditor or a financial advisor approved by the Office, or any other persons approved by the Office. Such analysis

certified by a property valuer approved by the Office; (b) sensitivity analysis which has been audited by an auditor or a financial advisor approved by the Office, or any other persons approved by the Office

no futher consideration the related issue. 3. Appointment of Independent Financial Advisor (IFA) to give the opinion on the acquisition of assets and also submits this opinion to Securities and

, which appraised By Orion Advisory Company Limited as the financial advisor of the Company. Nevertheless, the financial advisor of the Company has the opinion that the adjusted book value approach is the

has considered such Share Purchase Price based on the fair value of GSG’s business which is appraised by the discounted cash flow approach. Such appraisal has been made by the financial advisor by

approved by the meeting of shareholders as well. 5. Approval of the appointment of Discovers Management Company Limited, a financial advisor, approved by the Securities and Exchange Commission (SEC) as an

has relevant licenses as follow. (Reference from Legal and tax audit report dated January 15, 2018 by SCL tax Consultants Company Limited as a legal advisor ) 1) Relevant licenses of GS 1. Notification

advisor ) 1) Relevant licenses of GS 1. Notification of excavation or land reclamation : Under the Soil and Soil Act, 2000, No. 002/2560, issued on 7 April 2017 by Tai Mueang District Administrative