Chaopraya Mahanakorn Public Company Limited (the ‘Company’) announced that the board of directors' meeting held on September 28, 2021 approved the principle on applying the long-term loans from financial institutions within a THB 656,000,000 credit limit to develop project Cocoon Residence Service Apartment & Commercials. The details are as follows: Loaner: Financial Institution; Term of credit limit Within 10 years from the contract date; and Guarantee Land and building Cocoon Residence.