=Grande Hospitality Real Estate Investment Trust has leased out in its asset in The Sheraton Hua Hin Resort & Spa Project to Honor Business Company Limited ("Lessee") to operate a hotel according to Immovable and Movable Lease Agreement Dated 12 October 2017 ("the Lease Agreements"), the lease term will be expired on 11 October 2020. One Asset Management Limited ("One Asset") in the capacity as the REIT Manager of the Trust hereby informs that the Trust exercised its right to extend the lease on February 19, 2020 by making an advance notice of not less than 6 months prior the expiry of the lease term in accordance with terms of the Lease Agreement since the lessee has been performing according to the terms of the Lease Agreement throughout the past operation. The Trust and Lessee has entered into Memorandum of Understanding for exercising the right to renew the Lease Agreement dated March 5, 2020 which extends the lease term for another 3 year from October 12, 2020 to October 11, 2023 under the same terms and conditions of the Lease Agreement including the right to extend the Lease Agreement.