disposal of the assets does not cause the Company to fall within the disclosure requirement under the Notification of the Capital Market Supervisory Board No. TorJor 20/2551 Director who have conflict of

วกับทีเ่ปนอยูในปจจบุันของกองทนุรวมอสังหาริมทรัพย รวมทัง้เพื่อ - 2 - ปองกนั conflict of interest ที่อาจจะเกดิขึ้นในกรณี REIT Manager บริหารหลาย ๆ REIT ในเวลาเดยีวกนั จึงจะเสนอใหแตละ REIT Manager

asset appraisers; (d) value of asset disposal, gain or loss from asset disposal, and relevant expenses; (e) in the case where the acquisition of an asset is not approved by REIT unitholders, reasons or

in trade policies of US and China and global economic, the conflict in the Middle Eastern that impacted global oil price as well as the Baht’s ongoing appreciation. As of November 30, 2019, the

disease prevention and control measures. However, Thailand still has a risk of a new wave of COVID-19 epidemic and a conflict of Russia-Ukraine in the early of March, 2022 that surged in oil prices and the

Governance Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between

foreign exchange of 11.97 million baht. If excluding the unrealized gain (loss) on foreign exchange, the Company had a net loss of 68.75 million baht this year and 86.28 million baht last year. The net loss

a loss attributable for the equity holders of the Company of 48.58 million baht and the net loss includes unrealized gain on foreign exchange of 0.49 million baht. Comparing with last year, the

market, including guidelines for enhancing the development of the Thai securities industry where all sectors are able to gain benefits fairly and efficiently. The joint meeting was held at the SEC

| - |- Short Sale Provisions (section 98(5)) | - |- Know Your Clients | - |- Books & Records Requirements | - |- Risk Control | - |- Online Submission | - |- Compliance / Internal Control | - |- Conflict of