Grand Canal Land Public Company Limited announced that at its board of directors meeting held on September 12, 2018, approved the resignation of Mr. Yotin Boondicharern as Chairman of the Board of Directors, Chairman of the Executive Committee and Chief Executive Officer; Mr. Jatesiri Boondicharern as Director, Member of Executive Directors and Managing Directors; Miss Romani Boondicharern as Director, Member of Executive Directors and Deputy Managing Director of Accounting and Finance Group, effective on September 12, 2018 and Mr. Nipon Wisityuthasart as Independent Director, Chairman of the Audit Committee and Nomination and Remuneration Committee Member and Mr. Banphot Hongthong as Independent Director, Member of the Audit Committee and Chairman of the Nomination and Remuneration Committee, effective on September 14, 2018. The board also approved the appointment of Mr. Sudhitham Chirathivat as Chairman of the Board of Directors; Mr. Pandit Mongkolkul and Mr. Preecha Ekkunagul as Directors, effective on September 12, 2018. The board also approved the appointment of Ms. Naparat Sriwanvit as Chief Executive Officer (acting); Mrs. Panida Sooksridakul as Deputy Vice President (acting); Flt.Lt.

Kree Dejchai as Deputy Managing Director (acting) and Mr. Somphoch Thitipalatip as Company Secretary, effective on September 13, 2018.