Deposit which is considered as part of the payment of land and buildings under this contract. • Remaining amount of Baht 225,000,000 at ownership transfer date. Value of Assets Disposed Book Value as of
fully repaid in November 2019 from the net proceeds of SHR’s IPO, an increase in income tax expense due to growth in transfer value of residential project as well as fair value adjustments on investment
Sukhumvit 36, a joint venture project between the Company and Hong Kong Land with accumulated presales circa 60%, will start ownership transferrence and the Company believes that the transfer value should be
from the policy. Nevertheless, The Esse at Singha Complex will start hand over units by 3Q19 while the Company is certain that transfer value would be as expected. On 10 June 2019, S Oasis, a 36-storeys
(“Partial Business Transfer”). The value of such Partial Business Transfer will equal to book value as at the transfer date. The Partial Business Transfer to its subsidiary planned to set the business
payment of land and buildings under this contract. • Remaining amount of Baht 225,000,000 at ownership transfer date. Page 2 of 2 Value of Assets Disposed Book Value as of December 31, 2017 of Land and Land
difficulty for real estate foreign buyers to proceed the ownership transfer. Residential projects for sales as at 31 March 2020 (1): Project Project value Sold Tentative Transfer from/ (THB m) Transfer
Transfer status according to project value for the year ended December 31 2020 2019 Balance not yet transferred THB mm THB mm THB mm % Veranda Hi Residence Chiang Mai 198.25 - 22 35.3 Veranda Residence
Residential project Project value Transfer status according to project value for the year ended 30 June 2020 2019 Balance not yet transferred THB mm THB mm THB mm % Veranda Hi Residence Chiang Mai 198.25 8 8
represented the value mutually agreed between a subsidiary and an associate, in accordance with the debt restructuring and transfer agreement. Such value was appraised by an independent appraiser. However, in