As the Board of Directors of Sansiri Public Company Limited in its meeting No. 4/2021 held on 29 March 2021 passed the resolution to approve in principle the setting up of a new 50:50 joint venture company between Sansiri Public Company Limited ("the Company") and Prospect Development Company Limited, a subsidiary in which M.K. Real Estate Development Public Company Limited hold 100% of its total registered capital ("Prospect"). The Board of Directors has delegated the power to Chief Executive Officer and President to consider and make a final decision on this matter. Now, the Chief Executive Officer and President deemed it appropriate to establish a new 50:50 joint venture company with Prospect. The details of which are as follows: Name of Joint Venture Company: BFTZ Bangpakong Co., Ltd. Type of Business: To develop warehouse and factory for rent including infrastructure, facilities and other related business. Company Incorporation Status: It is incorporated on 1 April 2021. Initial Capital and Shares: 500,000,000 Baht, divided into 5,000,000 ordinary shares with a par value of 100 Baht. Shareholding Structure: Sansiri Public Company Limited holds 50% shares; Prospect Development Company Limited holds another 50% shares. Future Capital Increase/Financial Support: Future capital increase or financial support in a form of shareholder's loan will be pro rata to the shareholding at a 50:50 basis. Criteria in calculating the amount of compensation: Par value. The total value of the Consideration: Investment at the par value of a new company, which is the fair and reasonable price. The sources of funds: Working capital of the company. The return on investment: Dividend. Connected Nature: The investment in the to-be established joint venture company is not the connected transactions in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 21/2551. Size of Transaction: The investment in the 50% shares of the to-be established joint venture company (acquisition transaction) does not causes the company to fall within the disclosure requirement under the Notification of Capital Market Supervisory Board No. TorJor. 20/2551.