Announcement on behalf of Land and Houses Bank to obtain the right-of-use assets from related parties. (Adjustment for 113/05/13 announcement)

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
1 South Sathorn Road, Kwaeng Tungmahamek, Khet Sathorn, Bangkok 10120
(10,20,26,27,31 Floor)
2.Date of occurrence of the event:2024/10/21
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
This case was originally submitted to the LH board of directors for approval
in May. Since currently waiting for BOT approval,the floors which originally
scheduled to be rented in July and October 2024 will be postponed to 2024/12,
and the 12th floor is planned to be changed to the 27th floor.
Transaction unit:5743.44square meters(1737ping)
Rental price per month: 10F、20F、26F、27F、31F:THB 901/sqm (NTD792.88/sqm)
Total transaction price: THB 170,832,248 (NTD 153,749,023)
Currency: 1:0.9
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
Q. House Lumpini Landlord: Quality House Leasehold Property Fund (QHPF)
Fund management agency: Land and Houses Fund Management Co., Ltd.
Entrusted property management agency: Q.H.International Co., Ltd.
(representative of Party A)
“LH Fund” is the bank’s Non-Credit Extension Transactions related party
in accordance with Article 45 of Financial Holding Company Act.
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer:LHFG and its subsidiaries’ headquarters, which originally rented the
Sathorn Building, have moved to the Lumpini Building altogether,
consider its convenience to work together with the same group.
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:N/A
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):N/A
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
To pay rent by month.
Lease term:
10F: 2024/12/01-2027/11/30
20F: 2024/12/01-2027/11/30
26F: 2024/12/01-2027/11/30
27F: 2025/03/01-2028/02/29
31F: 2024/12/01-2027/11/30
Either party may terminate the Agreement,by giving a six-month written
advance notice to the other party.
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
The reference basis for the decision on price: 1. Rental lease agreement
as the same building (Lumpini)
2. Rental prices of similar commercial building per nearby areas
The decision making department: LH bank BOD
10.Name of the professional appraisal firm or company and
its appraisal price:N/A
11.Name of the professional appraiser:N/A
12.Practice certificate number of the professional appraiser:N/A
13.The appraisal report has a limited price, specific price,
or special price:N/A
14.An appraisal report has not yet been obtained:N/A
15.Reason for an appraisal report not being obtained:N/A
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:N/A
17.Name of the CPA firm:N/A
18.Name of the CPA:N/A
19.Practice certificate number of the CPA:N/A
20.Broker and broker's fee:N/A
21.Concrete purpose or use of the acquisition or disposal:
Joint office for the company group. The location, size of space and
other contains are aligned with business needs.
22.Any dissenting opinions of directors to the present transaction:N/A
23.Whether the counterparty of the current transaction is a
related party:YES
24.Date of the board of directors resolution:2024/10/21
25.Date of ratification by supervisors or approval by
the audit committee:2024/10/17
26.The transaction is to acquire a real property or right-of-use
asset from a related party:YES
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:NA
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations:NA
29.Any other matters that need to be specified:NO