Ornsirin Holding Public Company Limited announced that the Board of Directors' meeting No.2/2567 held on April 1, 2024, had resolved to approve North Home Company Limited to engage in purchasing of a vacant land without buildings from The Connected Person, (Lertpreedee Company Limited), comprising 3 plots with Title Deeds No. 34783, 34784, and 34785, totaling of 4-3-1 rai or 1,901 sqr.wah, located along the Chiang Mai-Mae Suai Highway, San Sai Noi Subdistrict, San Sai District, Chiang Mai Province. This land is located in a potential area for condominium development, with an agreed purchase price of THB 70,000,000. The engagement in the transaction is considered a connected transaction as per t the Notification of the Capital Market Supervisory Board No. Tor.21/2551 about the regulation on Connected Transaction Rules and the Notification of the Board of Governors of the Stock Exchange of Thailand regarding the disclosure of information and Other Act of Listed Companies Concerning the Connected Transactions, B.E.2546. The details of the transaction are as follows: Date of approval by the board committee to proceed with the transaction and the expected completion date: April 1, 2024 (Expected to be completed by May 2024). The parties involved in the contract. Purchasing of land from Lertpreedee Company Limited, 70,000,000, Value of other connected transaction in the past 6-month., The Company has not had connected transaction with this concerned person (and related person) in the past 6-months., -, Total value of connected transaction, The total value of the transaction is THB 70,000,000, which represents 2.93% of the net tangible assets (NTA) value of the Company as of December 31, 2023., Size of the transaction, Medium sized transaction. The transaction as mentioned above is a connected transaction related to assets or services, with has a total transaction value of THB 70.00 million, or 2.93% of the Net tangible assets of the Company, which is lower than the threshold for major transaction of THB 71.59 million. Therefore, it is considered a medium sized transaction. The Company must comply with the regulations set forth in the Securities and Exchange Commission's Announcement Tor.21/2551 on connected transaction rules for the listed companies to abide by, as well as the Notification of the Board of Directors of the Stock Exchange of Thailand. The Purchaser, North Home Company Limited will be responsible for all fees, taxes of all kinds, duties, and expenses arising from the registration of the transfer of ownership rights in the land. On the day of signing the contract, the purchaser will pay 10% of the agreed price as a deposit to the seller in the amount of THB 7,000,000
in full. The remaining amount of THB 63,000,000 will be paid by June 30, 2024.