. The Verifier engaged by the Issuer for the mandatory verification engagements. 4.1.6. The intended approach to providing Update Reports to reaffirm conformance with the Climate Bonds Standard while the

are risks of The auditor failed to evaluate the business rationale of monthly payment transactions for which the company engaged an individual to bring in customers but this individual had yet to

more and better job opportunities, better quality of life, and ensuring that poor and marginalized households In terms of financial sector development, the World Bank has engaged with Thai financial

sqm. Noble Ploenchit Commercial Building is 100% occupied. The NFA of TST tower slightly decreased due to closing some area for internal business operation. Gracechuch remains 100% occupied. The

MD&A (for the quarter ended 30 June 2018) 5 U CITY PCL 15 MAY 2018 OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE TST TOWER & 33 GRACECHURCH FULLY OCCUPIED

) & OCCUPANCY RATE TST TOWER & 33 GRACECHURCH FULLY OCCUPIED Renovation of Underwood Street office building continues and is expected to complete within 2018. Occupancy metrics will thus exclude Underwood Street

building is in the process of negotiations with potential new tenants after its 3rd floor was occupied in 4Q 2019. The other office buildings including Gracechurch (London) and Noble Comm. Bldg; remained

. However, the increase in costs is mainly due to investments to build the foundation for future business growth, while some investments cannot generate revenue immediately, and some investments are not fully

estate which the company is to invest and to develop real estate projects of the company of which the company will generate returns more than investing in long-term infrastructure development. Such

appropriate methodology of valuation for the Transaction. 8. Expected Benefits from the Transaction The Transaction is expected to generate the following benefits to the Company: (1) To support the Company’s