Sansiri Holding Twenty Five Limited, which its nature of business is property development, (together be referred to as “Joint Venture Companies”) as resolved by the Board of Directors’ Meeting No. 2/2020

Committee and Audit Committee Board of Directors and Audit Committee have examined together that in the past 1-2 years, the joint venture company has lost operating results. One of the reasons is high

Audit Committee Board of Directors and Audit Committee have examined together that in the past 1-2 years, the joint venture company has lost operating results. One of the reasons is high interest expense

having highest market share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will

in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will ultimately enhance the Company’s competitiveness and to expand the development of the project together with

business that ORI found its important in order enhance Origin’s financial sustainability and to expand the development of project together with increasing of market share for the company. The joint venture

share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will ultimately enhance the

Public Company Limited (the “Company”) and its subsidiaries hereby submit the Annual Financial Statements, ending December 31, 2017 and 2016, together with the clarification of the performance of the

Exchange of Thailand S & P Syndicate Public Company Limited (the “Company”) and its subsidiaries hereby submit the Annual Financial Statements, ending December 31, 2017 and 2016, together with the

consider and approve the establishment of a subsidiary in Thailand namely Asia Carabao Venture Company Limited (“ACV”), and in this connection approve ACV to enter into the joint venture agreements together