enhance rules that prohibit board members, key execu- tives, controlling shareholders and other insiders from taking business opportunities that might otherwise be available to the company. At a minimum

specific goods, services, or other rights under an agreement between the issuer and the holder. iii) To enhance the effectiveness of supervision, the Securities and Exchange Commission (“the SEC”) is

ordinary shares, the Company shall prohibit the investor to sell the Company’s newly issued ordinary shares within 1 year from the first day on which the Company’s newly issued ordinary shares are first

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

develop condominiums together will ultimately enhance the Company’s competitiveness and to expand the development of the project together with increasing of market share for the company in order to achieve

offering of the newly issued ordinary shares, the Company shall prohibit the investor to sell the Company’s newly issued ordinary shares within 1 year from the first day on which the Company’s newly issued

in accordance with the condition set out under the Joint Venture Agreement. 6. No proceeding by law, court order or administrative order prohibit the parties to enter into Joint Venture Agreement

newly issued ordinary shares is lower than 90 percent of the market price of the Company’s shares prior to the first date that offering of the newly issued ordinary shares, the Company shall prohibit the

conducting its business at a high standard of Good Corporate Governance practices, particularly regarding the rights and equitable treatment of its shareholders. It is our responsibility to enhance the

but not exceeding 15 consecutive business days prior to the first date on which such shares are offered for sale) the Company shall prohibit Mr. Somprasong Panjalak from selling any of them within the