Chewathai Public Company Limited announced that it has incorporated by the resolution of the Board of Director No. 3/2017 on May 11, 2017. The detail are: Name of JV Co: Kamala Senior Living Co.

Ltd. Purpose of Business: To develop the real estate business and project management for senior living located in Kamala Sub-district, Kathu District, Phuket Province. Investment Proportion: 25% of investment THB 1,500,000,000 in both 'Registered Capital' and 'Loans' with the total limit of THB 375,000,000. Project Value: Approximately THB 3,500,000,000.

Initial Capital: THB 1,000,000. Shareholding Structure: The company holds 25%, NYE Estate Co. Ltd. holds 28.5, L.P.N. Development PCL.

holds 25%, Ch. Karnchang Realestate Co. Ltd. holds 20%, Dr. Nart Fongsmut holds 0.75%, Mr. Daniel Holmes holds 0.75%.