Chaopraya Mahanakorn Public Company Limited (the ‘Company’) announced that the Board of Directors' Meeting held on September 28, 2021, approved the sales value of The Chateau Palace Hotel (CP00) amount THB 500,000,000 from Praya Panich Property Company Limited ("Subsidiary") which is residential real estate development business group to C2H Company Limited ("Subsidiary"), which is the company as the hotel business group, with C2H1 Company Limited as another subsidiary was established to support Short-term and long-term accommodation business of management (Chain Hospitality) for such projects. The details are as follows: Registration date of a Subsidiary: pending the establishment of the company; Type of business: Short term and long-term accommodation business of management. (Chain Hospitality); Registered Capital: THB 200,000,000; Purpose: Development real estate into service business (Hospitality) - Purchase the Chateau Palace Hotel (CP00) - (amount THB 500,000,000) and Open a hospital under the Alternative Hospital Quarantine system; Shareholding Structure: C2H Company Limited holding 99.97%; and Source of fund for investment: Registered capital from C2H /Loans from financial institutions.