Grande Asset Hotels and Property Public Company Limited (the "Company"), announced that the Board of Directors Meeting of the Company No. 4/2023, held on 7 November 2023 had resolved to assign Miss Chadaporn Chayawan, Assistant of Executive Vice President of Finance to be the representative of the Company to negotiate and agree with the conditions for extension of the loan from Thai Property Public Company Limited ("TPROP") in an amount of THB 30,000,000 which will be due on 31 December 2023 including to assign the authorized directors of the Company to proceed with any act and thing related to the entering into the said transaction as well as to disclose the said transaction to the Stock Exchange of Thailand in compliance with the relevant rules onward. The extension of loan from TPROP in the amount of THB 30,000,000 for 1 year with the interest rate at 6.25% per annum will take the Company to pay the interest in the amount not exceeding THB 1,875,000 to TPROP which is calculated the size of transaction equivalent to 0.086% of the Net Tangible Assets of the Company in accordance with the consolidated financial statements as at 30 September 2023 amounting to THB 2,187.29 Million.