continued to grow and signaled future investment. Tourism–related businesses expanded thanks to a growing number of Chinese tourists. On the other hand, expansion of real estate and construction businesses
Price”) on a lump sum basis equal to the value appraised by the valuers, namely Global Asset Valuer Co., Ltd. and Agency for Real Estate Affairs Co., Ltd., as the valuers approved by the SEC Office. The
details of which may be summarized as follows: Global Asset Valuer Co., Ltd. (As of November 28, 2018) Agency for Real Estate Affairs Co., Ltd. (as of December 28, 2018) Land and buildings, including
profit 2019 (16.76) Criteria used in the calculation of transaction value 1. NTA = Not used because the acquired asset is real estate 2. Net profit = Not used because the acquired asset is real estate 3
comprise 3 office buildings (aggregate occupancy rate at 93%), which includes 2 office buildings transferred to GLAND Office Leasehold Real Estate Investment Trust (“GLANDRT”), as well as 1 residential
year continually. 4. Property Development Business JAS Asset Public Company Limited ("JAS"), engaging in real estate development business, which the Company holds 67.5% of shares and has a net profit of
real estate or leasehold right of the following mutual funds: (1) property fund; (2) property fund for solving financial institution problems; (3) mutual fund for solving financial institution problems
fund manager who makes decisions to invest or dispose of real estate or leasehold right of the following mutual funds: (1) property fund; (2) property fund for solving financial institution problems; (3