The Board of Directors has approved the disposition transaction July 24, 2019 The Company will sign the share purchase agreement and/or relevant agreements 2. Relevant Parties with the Company 2.1
expected costs of service during the term of the Marketing Support Service Agreement and is in accordance with arm’s length price of the agreements of a similar nature. In addition, the service fee will help
conditions precedents specified in related agreements are satisfied. One Sukhumvit 59 expect to enter into this transaction within November 2018. The Company will updated and disclose the progress of this
obtaining approval from the Board of Directors Meeting and after all conditions precedents specified in related agreements are satisfied. One Sukhumvit 59 expect to enter into this transaction within November
into the agreements regarding the disposition of assets; therefore, hereby discloses the details of the transaction as stated in the enclosure. The summary details of the transaction are as follows: Date
with the Thai Financial Reporting Standards no.16 regarding lease agreements (“TFRS16”) which was effective since 1 January 2020. Notwithstanding, that the compliance to TFRS16 provided no significant
operate under the Outrigger brand and manage under hotel management agreements, which consists of two hotels in Thailand, two hotels in the Republic of Fiji Islands, one hotel in the Republic of Maldives
receiving the approval from the 2020 shareholder’s meeting which is scheduled to be on April 30th, 2020 2. The related agreements to the investment Purchaser Provincial Waterworks Authority Seller Joint
in Surat Thani "Self-Managed Hotels"; (2) Six hotels operate under the Outrigger brand and manage under hotel management agreements, which consists of two hotels in Thailand, two hotels in the Republic