SET requests to clarify news or information


Subject                                  : Clarify additional information in the
financial statements for the first quarter of 2025 as specified by the Stock
Exchange of Thailand.
Description                              :
As requested by the Stock Exchange of Thailand to provide additional information
in the financial statements for the first quarter of 2025, the Company would
like to provide additional information on the following issues:
1. Related items
1.1 The reason for not having changed the borrower's name according to the 
committee's resolution, along with a progress report
Company Statement  : The Company would like to clarify that even though the 
Company's Board of Directors has resolved on August 15, 2023 to change the name
of the borrower from Dr. Apa Ataboonwongse to Sukhumvit Gold Company Property
Co. , Ltd., which was scheduled to complete the contract within 30 days from the
date of the resolution. However, there have been continuous changes in the
business situation and internal limitations of the contracting company, causing
the management of Sukhumvit Co., Ltd. to request to postpone the official
contract execution.
past period, the Company has not been indifferent and has been monitoring the 
situation and continuously discussing the implementation approach with relevant
parties to ensure that the said changes are in accordance with generally
accepted accounting principles and do not create legal risks or negative impacts
 on shareholders.
As a listed company on the Stock Exchange of Thailand, the Company is aware of 
the importance of good governance, transparency in information disclosure and
strict corporate governance, especially in transactions that may be considered
as related transactions, which must be conducted carefully and comprehensively,
and give importance to the impact on shareholders and all stakeholders.
In addition, the Company has planned to update the accounting entries to 
accurately reflect the latest facts and will continuously report progress in
quarterly financial statements until the process is completed to ensure that
shareholders and relevant agencies receive complete, timely and auditable
information.

1.2 List of rental and common fees with Ataboon Asset Co., Ltd.
Company Statement  : The Company would like to clarify that the rental and 
common area fees of the office building with Ataboon Asset Co., Ltd., which are
considered related transactions, the Company has continuously disclosed
information through the notes to the financial statements every quarter since
the listing on the Stock Exchange. The nature and scope of the said transactions
 remain the same, with no material changes.
The said transactions are considered and reported to the Board of Directors on a
quarterly basis, in accordance with the criteria for related party
transactions, and are conducted under fair conditions when compared to general
market rental rates.

2. Internal control system
2.1 Retroactive Contract Entry
Company Statement  : The Company would like to clarify that the establishment of
the expense collection contract with the subsidiary company, effective
retroactively from January 1, 2024, is intended to maximize the efficiency of
cost management within the Group, by operating under prudent, fair and auditable
 accounting and internal control principles.
Such operations are to centralize various operations of the group of companies, 
such as administration, general support work (e.g. purchasing , human resources
, information technology) , construction and decoration work, as well as
marketing, accounting, taxation and finance, to be under the operations of the
parent company, which is ready in terms of personnel, infrastructure and
efficient management system.
The parent company has allocated the actual costs incurred from the use of 
shared resources in an appropriate proportion to the subsidiary through a fair
contract format that reflects the actual costs transparently. Such actions
enable the subsidiary to 1. Control operating costs effectively.  2. Reduce the
burden of expenses that may arise from separate hiring or management. 3. Use the
resources of the group of companies together to their full potential. 4.
Increase the competitiveness of each subsidiary company.
This resulted in the subsidiaries' performance showing a significant improvement
and reflected the strategic use of shared resources, which had a positive
impact on the overall picture of the Group as a listed company on the Stock
Exchange.
2.2 Improving the internal control system
Company Statement  : The Company realizes the importance of an effective 
internal control system in supervising transactions within the Group, especially
related transactions, in order to strictly comply with the principles of good
governance and the requirements of regulatory agencies.
In the past, the Company has been improving its internal control processes in 
many areas, focusing on strengthening the mechanisms for considering, approving,
and monitoring transactions to be more stringent continuously. This is to
prevent risks that may arise from transactions that do not comply with relevant
regulations.

3. Business operations and loan repayment plans
3.1 Business Operation Plan
Company Statement  : The company has adjusted its real estate business strategy 
by focusing on developing projects with high potential in terms of location ,
responding to customers with purchasing power and clear demand in the market,
while continuously implementing cost management measures and increasing the
rental rate of unsold units to generate temporary income while waiting for
sales.
For the beauty clinic business, in which the company has invested 50% through a 
joint venture, the company intends to seek new opportunities to expand business
channels and generate income in new business groups with high demand. It has
attempted to open the market in the beauty service sector, which was a market
that had growth in the previous period.
However, due to the economic slowdown, the performance of the joint venture did 
not meet expectations and could not anticipate the recovery to profits that were
worth the investment. Therefore, the Company decided to terminate the joint
venture in such business to prevent the risk of further losses and to focus
resources on businesses that create stability and sustainable returns in the
future instead.

3.2 Plans and sources of funds for debt repayment
Company Statement  : The Company has prepared a business plan for 2025 and 
financial liquidity management to present to the Board of Directors , focusing
on increasing cash flow from the transfer and sale of projects in progress,
including the management of existing assets to generate temporary income from
continuous rental.
Meanwhile, the Company has negotiated with some financial institutions to adjust
the payment to be more suitable to the current financial status and business
trends, including accelerating the plan to sell undeveloped land to enhance
liquidity and prepare for the payment of debts due within 2025, which will help
the Company manage its financial burden effectively and sustainably.
The Company reaffirms its commitment to strictly comply with the criteria of the
Stock Exchange of Thailand and is ready to disclose accurate and transparent
information for the benefit of all investors.

Therefore, I would like to inform you.


                         Signature ___________________________
                                    ( Ms.Suttiporn Hinrit )
                                    Chief Financial Officer - Accounting
                         Authorized to sign on behalf of the company

______________________________________________________________________

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of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.

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