be separated into each entity according to the aforementioned rental spaces. 3.4 Nature of relationships Thai Beverage Public Company Limited (“ThaiBev”) is the major shareholder of the Company and ASM

Nature Thai Beverage Public Company Limited is the major shareholder of the Company and BevTech Co., Ltd. at 79.66% and 100.00% respectively. 2 5. Value of Property Thai Property Appraisal Lynn Phillips Co