Sansiri Public Company Limited entered into an agreement to acquire remaining 50% stake in BTS Sansiri Holding Two Limited, BTS Sansiri Holding Three Limited, BTS Sansiri Holding Five Limited, BTS Sansiri Holding Six Limited, BTS Sansiri Holding Eleven Limited, BTS Sansiri Holding Twelve Limited, BTS Sansiri Holding Fourteen Limited, BTS Sansiri Holding Seventeen Limited and BTS Sansiri Holding Twenty Three Limited from U City Public Company Limited (SET:U) for THB 1.5 billion.

Sansiri Public Company Limited (SET:SIRI) entered into an agreement to acquire remaining 50% stake in BTS Sansiri Holding Two Limited, BTS Sansiri Holding Three Limited, BTS Sansiri Holding Five Limited, BTS Sansiri Holding Six Limited, BTS Sansiri Holding Eleven Limited, BTS Sansiri Holding Twelve Limited, BTS Sansiri Holding Fourteen Limited, BTS Sansiri Holding Seventeen Limited and BTS Sansiri Holding Twenty Three Limited from U City Public Company Limited (SET:U) for THB 1.5 billion on November 30, 2020. In a separate transaction, U City Public Company Limited entered into an agreement to acquire 50% stake in BTS Sansiri Holding Thirteen Limited and BTS Sansiri Holding Twenty One Limited from Sansiri Public Company Limited. U City Public Company Limited will transfer to Sansiri all of its claims on outstanding loan granted to the Disposed Joint Venture Companies.

The purchase price for ordinary shares and claims on loan are in the total amount of THB 1.5 billion. After the Ordinary Shares Disposal Transaction is completed, the Disposed Joint Venture Companies shall seize from being a joint venture companies of U City Public Company Limited.