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Company's Overview

The Shareholder's Structure

The company and subsidiaries operate in the property development business, with the focus in single houses and condominiums in the Greater Bangkok. The subsidiaries and associated companies operate in five business: 1) Property development group 2) Rental property and hotel group 3) Retail group 4) Construction group 5) Service group. The structure as of 30 June 2018 is as follows;

Property Development Units

The company and subsidiaries are mainly involved with the property development for sale. The projects involve the development of single detached houses, townhouses, and condominiums. Details are as follows;

Property Perfect Public Company Limited (“The Company”)

Developing housing estates, town house and condominiums. As of 31 December 2017, a total of 65 projects are under development with outstanding value of Bt 40,815.75 million.(Additional information on the projects of the company and subsidiaries are in Graphic: Project by Type)

Note: Exclude project s of Grande Asset Hotels and Property Plc

Estate Perfect Company Limited (Subsidiary)

Estate Perfect Company Limited, (“Estate”) is located at 100/1 Vorasombat Bldg., Floor 17th, Rama IX Road, Huay Khwang, Bangkok. It was established in 1994, to develop single detached houses, duplex house and townhouses, with focus on potential locations.

Estate is now capitalized at Bt1,200 million at Bt10 par while the paid-up capital totaled Bt1,200 million. The company now owns 100% of Estate.

As of 31 December 2017, Sale of Estate’s 10 projects is underway, and the remaining value of the unsold units is Bt 5,135.14 million. (Additional information on the projects of the subsidiaries are in Graphic: Project by Type)

As of 31 December 2017, Estate Perfect Company Limited’s ’s 5 directors are:

Name Position
1. Ms.Sirirat Wongwattana Director
2. Mr.Krittapas Pongpakawat Director
3. Mr.Pornswat Katechulasriroj Director
4. Mr.Wicharn Siriwetwarawut Director
5. Mr.Wason Srirattanapong Director
Bright Development Bangkok Company Limited (Subsidiary)

Bright Development Bangkok Company Limited (“Bright”) is Located at 100/1 Vorasombat Building (17th flr), Rama IX Road, Huay Kwang, Bangkok, Bright Development was established on 2007 for condominium development.

At present , Bright Development Bangkok Co., Ltd.is now capitalized at Bt 1,000 million, all paid up. The company holds 100% in Bright.

Aside from its focus to develop condominiums under “iCONDO” brand, Bright embarked on the project to develop premium dormitories, specifically for students, under “Uniloft” brand. The project to create “extraordinary campus living” experience focuses on famous universities. At present, it is developing two Uniloft projects which are valued at Bt1,000 million – Uniloft near Chiangmai University in Chiang Mai and Uniloft near Mahidol University in Salaya, Nakhon Pathom. In 2013, the company sold the Uniloft Salaya project to a property fund.

On December 2017, Bright planned 10 condominium projects and, the remaining value of unsold units is Bt7,890.55 million (Additional information on the projects of the subsidiaries are in Graphic: Project by Type). Bright plans to launch 4 new condominium projects in 2017 with combined value of Bt6,868 million in high-potential locations near electric train lines and universities – iCondo Sukhumvit 77, iCondo Serithai, Metro Sky Charan 13 and Metro Sky Wutthakat.

As of 31 December 2017, Bright Development Bangkok Co.,Ltd’s 5 directors are;

Name Position
1. Ms.Sirirat Wongwattana Director
2. Mr.Pornswat Katechulasriroj Director
3. Mr.Wicharn Siriwetwarawut Director
4. Mr.Sumeth Suwajanakorn Director
5. Mr.Nantachart Kliebphipat Director
Residence Number Nine Company Limited (Subsidiary)

Residence Number Nine Company Limited (“Residence”) is located at 100/1 Vorasombat Building (17th flr), Rama IX Road, Huay Kwang, Bangkok, is capitalized at Bt1,000 million. Owned 100% by the company, The subsidiary is tasked to develop low-rise small-scale housing projects in potential locations. Its target groups are new families, looking for single houses and townhouses valued between Bt1.9-Bt6 million.

In 2014, Residence expands its business to Chiang Mai province, lured by its potential and increasing residential demand. The project, under the “Perfect Place” brand, is valued at Bt938 million.

As of 31 December 2017, Residence’s 6 projects are now marketed , The remaining value of unsold units is Bt 1,625.73 million. (Additional information on the projects of the subsidiaries are in Graphic: Project by Type)

As of 31 December 2017, Residence Number Nine Company Limited’s 4 directors are:

Name Position
1. Ms.Sirirat Wongwattana Director
2. Mr.Pornswat Katechulasriroj Director
3. Mr.Sanpetch Sukkasem Director
4. Mr.Pornchai Ketlek Director
Chiangmai Development Company Limited (Subsidiary)

Chiangmai Development Company Limited (“Chiangmai”) is located at 100/1 Vorasombat Building (17th fl.), Rama IX Road, Huay Kwang, Bangkok. It is registered with Bt200 million .The company holds 100% in the subsidiary.

Established on 21 February 2013, the subsidiary is tasked to expand the company’s residential development business for sale and rental . Its focus is on low-rise development in Chiang Mai province.

As of 30 September 2017, Chiangmai kicked off land development in preparation for the launch of a property project.

As of 31 December 2017, Chiangmai Development Company Limited ’s 4 directors are:

Name Position
1. Ms.Sirirat Wongwattana Director
2. Mr.Wongsakorn Prasitvipat Director
3. Mr.Wason Srirattanapong Director
4. Mr.Pornswat Katechulasriroj Director
Grand Star Company Limited (Joint Venture)

Grand Star Company Limited is a joint venture of Sumitomo Forestry Company Limited, Grande Asset Hotels and Property Public Company Limited, and Property Perfect Public Company Limited. It was established on 22 May 2017 with Bt1,200 million in registered capital. The Company holds an 11% stake in Grand Star. It is located at 388 Exchange Tower (Floor 32), Room 3203-4, Sukhumvit Road, Khlong Toei, Bangkok.

As of 31 December 2017, Grand Star Company Limited ’s 4 directors are:

Name Position
1. Mr.Chainid Adhyanasakul Director
2. Mr.Vitavas Vibhagool Director
3. Mr.Kenji Inui Director
4. Mr.Kazuhiko Matake Director

Rental property and hotel group

Thai Property Public Company Limited (Subsidiary)

Thai Property Plc. (TPROP) is located at 2922/305-306, 29th Floor, Charn Issara Tower 2, Petchaburi Road, Bang Kapi, Huay Kwang, Bangkok. It was registered as a public company on 10 May 1994 to operate a rental office and hotel. Hotel business is carried out through Grande Asset Hotels and Property Public Company.

Thai Property has Bt3,353,702,060 in registered capital and Bt3,193,185,471 is paid-up. The Company owns 94.60% in the subsidiary (The Company’s tender offer for Thai Property shares was carried out during 22 September through 24 November 2016. On 28 November 2016, the Company filed the tender offer result to the Office of Securities and Exchange Commission, reporting that it bought 157,507,145 shares throughout the period. Combined with 2,863,274.022 shares it owned prior to the tender offer, the Company owns a total of 3,020,781,167 shares or 94.60% in Thai Property) Thai Property later sought a voluntary delisting from the Stock Exchange of Thailand and the SET’s board approved the delisting on 9 December 2016.

As of 31 December 2017, Thai Property Public company limited ’s 5 directors are:

Name Position
1. Dr.Bhichit Rattakul Chairman
2. Mr.Pramote Remyindee Director
3. Mr.Pornswat Katechulasriroj Director
4. Mr.Prasong Vararatanakul Director
5. Mr.Likit Somnuantard Director
Pacific Estate Development Company Limited (Subsidiary of Thai Property Public Company Limited)

Pacific Estate Development Company Limited is located at 140 One Pacific Place Building (M Floor), Sukhumvit Road, Khlong Toei, Bangkok 10110 . It was registered as a public company on 22 December 1988. At present, it has Bt600 million in registered capital, all paid-up. It is 100% owned by the Company through the stake in Thai Property.

Pacific Estate operates two rental office buildings - One Pacific Place and Two Pacific Place. Located at 140 Sukhumvit Road, Khlong Toei, Bangkok, One Pacific Place has 15,202 sqm in rental space which is 83.56% occupied. The building has 19 floors and 241 parking lots. Located at 142 Sukhumvit Road, Khlong Toei, Bangkok 10110, Two Pacific Place has 21,440 sqm in rental space which is 98.37% occupied. The building has 30 floors and 368 parking lots. All were operated by We Retail.

As of 31 December 2017 , Pacific estate development company limited ’s 3 directors are:

Name Position
1. Dr.Bhichit Rattakul Chairman
2. Mr.Pramote Remyindee Director
3. Mr.Pornswat Katechulasriroj Director
Metro Premier Holding Company Limited (Subsidiary of Thai Property Public Company Limited)

Metro Premier Holding Company Limited is located at 2922/305-306 Charn Issara Tower 2 (Floor 29), Petchaburi Road, Bang Kapi, Huay Kwang, Bangkok. It was registered on 29 November 2010. It is registered with Bt5 million capital, all paid-up. It is owned 100% by the Company through a stake in Thai Property.

As of 31 December 2017, Metro Premiere holding company limited ’s 3 directors are:

Name Position
1. Dr.Bhichit Rattakul Chairman
2. Mr.Pramote Remyindee Director
3. Mr.Pornswat Katechulasriroj Director
Scenery Peak Company Limited (Subsidiary of Thai Property Public Company Limited)

Scenery Peak Company Limited is located at Quastisky Buildings, PO Box 4389, Road Town, Tortola, British Virgin Islands ,It was registered on 12 May 2010. It is registered with US$ 50,000, all paid-up. It is owned 100% by the Company through a stake in Thai Property.

As of 31 December 2017, Metro Premiere holding company limited ’s 1 director is:

Name Position
1. Mr.Pornswat Katechulasriroj Director
Grande Asset Hotels and Property Public Company Limited (Subsidiary of Thai Property Public Company Limited)

Grande Asset Hotels and Property Public Company Limited is located at 388 Exchange Tower (Floor 32), Room 3203-4, Sukhumvit Road, Khlong Toei, Bangkok. It was registered on 7 July 2003. Grande Asset has Bt5,000,000,000 in registered capital, with Bt2,889,039,237 paid up. It is indirectly owned 38.43 % by the Company through a stake in Thai Property and 1.70% directly owned by the Company.

Grande Asset Hotels and Property is a hotel operator and property developer. It operates 3 hotels are as following:

  1. Westin Grande Sukhumvit Hotel in Soi Sukhumvit 19: a 19-floor 5-star hotel with 362 guest rooms.
  2. Sheraton Hua Hin Resort and Spa in Cha-Am, Phetburi province: a 2-floor 5-star hotel with 240 guest rooms.
  3. Sheraton Hua Hin Pranburi Villas in Pran Buri, Prachuab Khiri Khan province: a 5-star hotel with 53 poll villas.

The hotel under construction and will be operated in the mid year of 2018, is Hyatt Regency Bangkok Sukhumvit, a 4-star hotel with 273 guest rooms. Located at Soi Sukhumvit 13, the building has 30 floors. It plans a mixed-use hotel and condominium project in Rayong, on a 93-rai plot on Laem Mae Phim Beach.

As of 31 December 2017, Grande Asset Hotels and Property had 4 projects on the market – Hyde Sukhumvit 13, Hyde Sukhumvit 11, The Trendy and Hua Hin Blue Lagoon, with the remaining combined value of Bt2,262.29 million. (More information of the subsidiary’s projects are available in the Type of Products chart.

As of 31 December 2017 , Grande asset hotel and property public company limited ’s 12 directors are:

Name Position
1. Mr.Wichai Thongtang Chairman
2. Dr.Bhichit Rattakul Vice Chairman and Chairman of the Executive Directors
3. Mr.Chainid Adhyanasakul Director
4. Mr. Vitavas Vibhagool Director
5. Ms.Wilawun Leongnarktongdee Director
6. Mr.Suradej Narula Director
7. Mr.Amarin Narula Director
8. Mr.Phaisit Kaenchan Director
9. Mrs.Phonsiri Manoharn Independent Director and Chairman of Risk Management Committee
10. Mr.Pornchai Kittipanyangam Independent Director and Chairman of Audit Vommittee
11. Mr.Wattana Suthipinijtham Independent Director, Audit Committee and Risk Management Committee
12. Mr.Amarit Pansiri Independent Director and Audit Committee

Note Mrs. Phonsiri Manoharn resigned from independent director and chaiman of risk management committee on 31 December 2017.

Grande Equity Development Company Limited (A subsidiary of Grande Asset Hotels and Property Public Company Limited)

Grande Equity Development Co., Ltd. is located at 338 Exchange Center(32nd Flr.) 3203-4, Sukhumvit Road, Klong Toei, Bangkok.The company owns a 100% stake in Grande Equity through its wholly-owned subsidiary Grande Assset Hotels and Property Plc.

Grande Equity operates real estate development business, in the process of acquiring land for future development.

As of 31 December 2017, Grand Equity’s 5 directors are:

Name Position
1. Dr.Bhichit Rattakul Chairman
2. Mr.Chainid Adhyanasakul Director
3. Mr.Vitavas Vibhagool Director
4. Mr.Amarin Narula Director
5. Mr.Phaisit Kaenchan Director
Honor Business Company Limited (A Subsidiary of Grande Asset Hotels and Property Public Company Limited)

Honor Business Co., Ltd. is locates at 338 Exchange Center(32nd Flr.) 3203-4, Sukhumvit Road, Klong Toei, Bangkok . The company owns a 100% stake in Honor Business Co., Ltd. through its wholly-owned subsidiary Grande Assset Hotels and Property Plc.

Honor Business Company Limited manages Sheraton Hua Hin Resort and Spa Hotel by renting out the property from REIT.

As of 31 December 2017, Honor Business’s 5 directors are

Name Position
1. Dr.Bhichit Rattakul Chairman
2. Mr.Chainid Adhyanasakul Director
3. Mr.Vitavas Vibhagool Director
4. Mr.Amarin Narula Director
5. Mr.Phaisit Kaenchan Director
Owendelle Company Limited ( A subsidiary of Honor Business Co., Ltd.)

Owendelle Co., Ltd. is located at 9/22 Moo 5, Tambon Paknampran, Pranburi, Prachuab Hhiri Khan province. The company owns a 100% stake in Owendelle through its wholly-owned subsidiary Grande Assset Hotels and Property Plc.

Owendelle Company Limited owns the lease rights for the land which locates Sheraton Hua Hin Pranburi Villa as well buildings on the land.

As of 31 December 2017, Owendelle’s 5 directors are:

Name Position
1. Dr.Bhichit Rattakul Chairman
2. Mr.Chainid Adhyanasakul Director
3. Mr.Vitavas Vibhagool Director
4. Mr.Amarin Narula Director
5. Mr.Phaisit Kaenchan Director
Property Perfect International Pte.Ltd. (Subsidiary)

Property Perfect International Pte.Ltd. (PPI), located at 80 Raffles Place, #266-01 UOB Plaza 1, Singapore 048624, established on 12 July 2012, has paid-up capital of 1 Singapore dollar. Owned 100% by the Company, PPI will invest in overseas property development business. Property Perfect International holds 66.71 % in Kiroro Resort Holdings and the company holds 31.42%.

As of 31 December 2017, Property Perfect International Pte.Ltd’s 4 directors are:

Name Position
1. Mr.Bhichai Rattakul Chairman
2. Dr.Tawatchai Nakhata Director
3. Mr.Chainid Adhyanasakul Director
4. Mr.Krishnaveni d/o Sandanam Director
Kiroro Resort Holdings Company Limited (Renamed from Share Group Company Limited) (subsidiary of Property Perfect International Pte. Ltd.)

Kiroro Resort Holdings (Renamed from Share Group Since November 2014), located at ITO ONE TEN Building 2F 5-1 Nishi 4-chome Kita 7-jo Kita-ku Sapporo, Hokkaido, Japan, is incorporated under the Japanese law for the investment in property development and hotel business. At the 4/2012 meeting on 27 August 2012, the Board of Directors approved Kiroro Resort Holdings ‘s investment in all shares of and loan claims against Kabushiki Kaisha Kiroro Associates Company Limited, from Mitsui Fudosan Resort Company Limited. The 100% shares were bought at the cost of 1 yen, or approximately Bt0.4050 (at the exchange rate of 100 yen for Bt40.50) . Kiroro Resort Holdings will also take over the claim on a loan to Kabushiki Kaisha Kiroro Associates from Mitsui Fudosan Company Limited. The loan is valued at 1,300.6 million yen, it is worth Bt526.7 million. The claim is valued at 160,000,000 yen or Bt64,.8 million.

The Board also approved Kiroro Resort Holdings’ purchase of Kiroro Resort from Mitsui Fudosan Resort for about Bt490 million. Kiroro Resort is a ski resort on Hokkaido, Japan, owning a 292-rai land plot, 2 hotels- 422-room and ski equipment. Plus transfer taxes of about700 million yen or Bt280 million, the purchase cost a total of approximately 1,900 million yen or Bt770 million.

In March 2014, Kiroro Resort Holdings’ capital increase by 500 million yen (100,000 shares at 5,000 yen apiece). The new shares were offered to Property Perfect International to settle a loan from Property Perfect International. Property Perfect International’s shareholding Kiroro Resort Holdings thus increased to 95.61%.

In August 2015, the capital was raised by 2,500 million yen through rights offering. In September, a sum, 1,048.68 million yen, was paid-up through the offering of 209,736 shares at 5,000 yen apiece. The proceeds were used to upgrade the hotel in line with Starwood Hotel and Resorts Worldwide Inc’s requirements, before the resort would be rebranded as “Sheraton Hokkaido Kiroro Resort” and “The Kiroro, a Tribute Portfolio Hotel, Hokkaido”.

In January 2016, Kiroro Resort Holdings was recapitalized by 500 million yen through the issuance of 100,000 shares at the par value of 5,000 yen to Property Perfect International. The new shares were issued to repay a loan extended by Property Perfect International. It also called for payments for parts of new shares issued in August 2015 but 3 minor shareholders forwent their rights, leaving 99,814 shares (5,000 yen a share) worth 499,070,000 yen to Property Perfect International. Property Perfect International’s stake in Kiroro Resort Holdings thus rose to 97.27%.

In July 2017, Property Perfect’s loan to Kiroro Resort Holdings worth 1,205 million yen was converted to 241,000 common shares with 5,000 yen par value, boosting Property Perfect’s direct holding in Kiroro Resort Holdings to 31.4% and decreasing Property Perfect International’s stake to 66.7% consisting of 767,070 common shares. In November, the capital was reduced for tax benefits and accumulated debt clearing . Kiroro Resort Holdings’ paid-up capital is currently 2,272,246,451 yen.

As of 31 December 2017, Kiroro Resort Holdings’ 9 directors are

Name Position
1. Mr.Bhichai Rattakul Chairman
2. Dr.Tawatchai Nakhata Director
3. Mr.Chainid Adhyanasakul Director
4. Mr.Ooi Boon Aun Director
5. Mr.Yochiro Itto Director
6. Mr.Eizo Morita Director
7. Mr.Benjamin Lam Director
8. Mr.Methee Tanmanatragul Director
9. Mr.Vitavas Vibhagool Director
Kabushiki Kaisha Kiroro Associates Company Limited (KA), (subsidiary of Kiroro Resort Holdings)

Kabushiki Kaisha Kiroro Associates Company Limited (KA) is located at 128-1, Tokiwa, Akaigawa-mura, Yoichigun, Hokkaido, Japan, is incorporated under the Japanese law for the investment in ski area management . Kabushiki Kiroro Associates’ paid-up capital is currently 60 million year, consisting of 610 common shares. The restructuring of Kiroro Resort Holdings’ investment boosted the company’s stake in Kabushiki to 100%

As of 31 December 2017, Kabushiki Kaisha Kiroro Associates’ 3 directors are

Name Position
1. Mr.Ian Mackenzie Chaiman
2. Dr.Tawatchai Nakhata Director
3. Mr.Benjamin Lam Director
Kabushiki Kaisha Kiroro Hotels Company Limited (subsidiary of Kiroro Resort Holdings Co., Ltd.)

Kabushiki Kaisha Kiroro Hotels is located at 128-1 Tokiwa, Akaigawa-mura, Yoichigun, Hokkaido, Japan. It was incorporated under the Japanese law on 19 August 2015 to run a hotel management business. This is to separate the hotel business from the ski business which remains under Kabushiki Kaisha Kiroro Associates’ control, ahead of the handover of hotel management to Starwood Group. Under the management contract, new accounting system, remunerations and others are required. At present, Its registered capital is 30 million yen or 3,000 common shares. Kiroro Resort Holdings own 100% in the company.

As of 31 December 2017, Kabushiki Kaisha Kiroro Hotels ‘s 3 directors are:

Name Position
1. Mr. Eizo Morita Chairman
2. Mr.Chainid Adhyanasakul Director
3. Mr.Methee Tanmanatragul Director
Kabushiki Kaisha Kiroro Resort Development Co., Ltd. (subsidiary of Kiroro Resort Holdings Co., Ltd.)

Kabushiki Kaisha Kiroro Resort Development is located at ITO ONE TEN Building 2F 5-1 Nishi 4-chome Kita 7-jo Kita-ku Sapporo, Hokkaido, Japan. It was incorporated under the Japanese law on 30 March 2016 to run a hotel management business.

At present, is Its registered capital is 30 million yen or 3,000 common shares . Kiroro Resort Holdings own 100% in the company.

As of 31 December 2017, Kabushiki Kaisha Kiroro Resort Development ‘s 4 directors are:

Name Position
1. Mr.Benjamin Lam Chairman
2. Dr.Tawatchai Nakhata Director
3. Mr.Chainid Adhyanasakul Director
4. Mr.Vitavas Vibhagool Director
5. Mr.Ian Mackenzie Director
Uniloft Property Fund (Property Fund)

In October 2013, Bright Development Bangkok Company Limited, a wholly-owned subsidiary of the Company, sold Uniloft Salaya, located in Tambon Salaya, Buddhamondhol district, Nakhon Pathom, to Uniloft Proprty Fund for Bt514 million. The property fund was managed by One Asset Management Company Limited. Detail of the sold asset is as follows:

  1. Title deed No. 15781
  2. Uniloft Salaya building
  3. Infrastructure, engineering system, furniture, and relevant materials necessary for the project

Uniloft Property Fund is an non-redeemable, open-ended fund. Registered with Bt515 million in capital, with 51,500,000 shares at Bt10 apiece, the fund was listed on the Stock Exchange of Thailand on 14 November 2013.

The Company invested in 10,051,200 units of the fund at Bt10 par value for the total value of Bt100,512,000 or 19.52% of all shares. All investment units were sold to Siriraj Foundation, as approved at the 1/2017 extraordinary meeting of the unit holders of Uniloft REIT on 13 November 2017.

Retail Business unit

We Retail Public Company Limited (Subsidiary)

We Retail Public Company Limited (“We Retail”) is located at 100/1 Vorasombat Building Floor 17th , Rama IX Road, Huay Kwang, Bangkok. Formerly named Daidomon Group Public Company Limited (“Daidomon “), It was registered as a public company on 27 April 2001. We Retail acquired the 99.99% stake of Centrepoint Shopping Mall Company Limited (“Centrepoint”), which develops shopping malls, office buildings and commercial space. And We Retail also holds a 50% stake in All Discount Co Ltd, a low-cost retail business operator.

The company is now capitalized at Bt4,761,824,999.40 with Bt2,615,114,338.20 million paid up, consisting 2,490,585,084 shares or Bt 1.05 par value. The company hold 94.98 %.

We Retail is carrying out the development of a community malls in the West of Bangkok. The malls, namely Metro West Town.

As of 31 December 2017, We Retail public company limited ’s 8 directors are;

Name Position
1. Dr.Tawatchai Nakhata Chairman
2. Mr.Chainid Adhyanasakul Director and Vice Chairman and act as Chief Executive Officer
3. Mr.Pramote Rermyindee Director
4. Mr.Kampol Tatiyakawee Director
5. Mr.Cherdsak Kookiatnunt Independent Director, Chairman of Audit Committee
6. Mr.Chaiyakorn Boonlapapat Independent Director, Audit Committee
7. Mr.Prasong Vara-Ratanakul Independent Director, Audit Committee
8. Mr.Virayuk Puntupetch Independent Director
Centrepoint Shopping Mall Company Limited (“Centrepoint”) (Subsidiary of We Retail Plc.)

Centrepoint Shopping Mall Company Limitedis located at 100/1 Vorasombat Building 17th fl., Rama IX Road, Huay Kwang, Bangkok. Established in December 2007. Centrepoint focuses on commercial development like shopping malls and rental office building.

Centrepoint Shopping Mall Company Limited owns the leasing rights of a some of a land plot on the east side of Ratchadapisek Road, planned for the development of a closed shopping mall and an office building. In August 2012, it won the leasing right for an opposite land plot on the west side of Ratchadapisek Road, which is planned for the development of a closed shopping mall.

Centrepoint Shopping Mall Company Limited is now developing “Bangkok Midtown” (Phase 1), a closed shopping mall on the west side of Ratchadapisek Road. The mall is built on a land plot sub-leased earlier. The closed 8-floor community mall has 150,000 sqm in space. The mall houses various fashion, cloth, and lifestyle products shops, restaurants, bank offices and etc. It is expected to open its doors within 2016.

As of 31 December 2017, Centrepoint Shopping Mall company limited ’s 5 directors are:

Name Position
1. Mr.Chainid Adhyanasakul Director
2. Mr.Pramote Remyindee Director
3. Mr.Wongsakorn Prasitvipat Director
4. Mr.Pornswat Katechulasriroj Director
5. Ms.Wilawun Leongnarktongdee Director
All Discount Co., Ltd (We Retail’s subsidiary)

All Discount Company Limitedis located at 593/593/1 Sukhumvit Road, Khlongtan Nua, Wattana, Bangkok. Established in March 2016 , All Discount will develop and operate a nuveau low-cost retail business. It is capitalized at Bt100 million (1,000,000 shares at Bt100 par value), which is 25% paid-up. We Retail holds a 50% stake.

All Discount has currently operated 10 “All D” outlets in the peripheral areas of Bangkok.

As of 31 December 2017, All Discount has 4 directors as follows:

Name Position
1. Mr.Chainid Adhyanasakul Director
2. Mr.Pornswat Katechulasriroj Director
3. Mr.Pisit Pusanakom Director
4. Ms.Sopit Pusanakom Director
Ram Intra Mall Company Limited (Renamed from Mariya Stuff Company Limited )(Subsidiary)

Ram Intra Mall was established in 2004 as Mariya Stuff. In August 2013, the Company bought all 100% shares of Mariya Stuff from its shareholders for Bt350 million. Mariya Stuff’s old shareholders had no connection with the Company. Through the purchase, the Company took control of the lease rights over a 34-rai land plot in Tambon Bueng Kum, Bang Kapi district, Bangkok. The 30-year lease period started from 9 April 2013 to 31 March 2043. The land is planned to house a shopping mall, which is being studied.

In August 2014, Mariya Stuff extended the lease by another 3 years (1 April 2043 through 31 March 2046). It was renamed to Ram Intra Mall in September 2014. In June 2016, the lease was extended by another 3 years (from 1 April 2046 to 31 March 2049).

Ram Intra Mall is located at 100/1 Vorasombat Building (17th flr.,) Rama IX Road, Huay Kwang, Bangkok. It is registered with Bt350 million capital. The company holds 100% in the subsidiary.

As of 31 December 2017, Ram Intra Mall company Limited’s 2 directors are:

Name Position
1. Mr.Chainid Adhyanasakul Director
2. Mr.Pramote Remyindee Director

Construction Business Unit

U & I Construction Bangkok Company Limited

U & I Construction Bangkok Company Limited (“U & I”), is located at 100/89 Vongvanich Building Floor 27th , Rama IX Road, Huay Kwang, Bankgok. Established in April 2011, it has Bt100 million in registered capital. , all paid up. The company holds 100% in U & I.

U & I’s main objective is to offer services to construct single detached houses, duplex houses, townhouses and condominiums for the company and subsidiaries. As it will be securing direct contracts from the group, this will promise construction flexibility for the group and allow the company a better management on supply chain. The company also selected sub-contractors to control the construction cost and construction period, as well as ensure effective control on the construction volume and quality.

As of 31 December 2017, U & I Construction Bangkok Company Limited ’s 4 directors are;

Name Position
1. Mr.Sombat Bovornsombat Director
2. Mr.Krittapas Pongpakawat Director
3. Mr.Prakit Rerkpreedapong Director
4. Mr.Pipat Nittayakosol Director
Perfect Prefab Company Limited (subsidiary)

Perfect Prefab Company Limited (“Perfect Prefab”) is located at 100/1 Vorasombat Building Floor 10th, Rama IX Road, Huay Kwang, Bangkok. Established in June 2011, it has Bt10 million in registered capital, with Bt2.5 million paid-up. The company owns 51% in Perfect Prefab, and the rest is held by Center of Standard Precast Company Limited – which has experience in this business and has supplied prefab materials to the group for over 5 years owns 49% in the company. The partner has no connection whatsoever with the company.

The company established to manufacturer and install prefab structures, which are parts of single houses, townhouses and project fences, as well as condominiums. The automated production system is to ensure no effect from labor shortage. The company expects to benefit from the joint venture’s prefab technology. It now manufactures prefab materials for the Company’s projects, with the capacity to supply materials for the construction of 500 housing units per year.

As of 11 March 2017, Perfect Prefab company limited’s 7 directors are;

Name Position
1. Mr.Wicharn Siriwetwarawut Director
2. Dr.Vorasak Chakrapiyanant Director
3. Mr.Prakit Rerkpreedapong Director
4. Mr.Rungroj Singhthabadkij Director
5. Mr.Vichaya Watananukit Director
6. Mr.Phuwit Phaengsuk Director
7. Mr.Kongsak Kaewsuriyathamrong Director

Services-oriented units

Perfect Sport Club Company Limited (subsidiary)

Perfect Sport Club Company Limited (“Perfect sport Club”) is located at 100/52 Vongvanich B Building (19th fl.), Rama IX Road, Huay Kwang, Bangkok, was established in February 2003. it was capitalized at Bt50 million, with Bt50 million paid-up. The Company owns 100%.

Perfect Sport Club operates fitness clubs and sport clubs of company and subsidiaries.

As of 31 December 2017, Perfect Sport Club company limited’s 4 directors are:

Name Position
1. Mr.Phairat Senachak Director
2. Mr.Wason Srirattanapong Director
3. Mr.Krittapas Pongpakawat Director
4. Mr.Natawee Jirawechanon Director
Uniloft Service (Thailand) Company Limited (Subsidiary)

Uniloft Service (Thailand) Company Limited (“Uniloft Service”) is located at 100/1 Vorasombat Building Floor 17th, Rama IX Road, Huay Kwang, Bangkok. Established in July 2011, it has Bt100,000 in registered capital. It is 100% owned by the company. In August 2013, the registered capital was raised to Bt5,000,000 and 25% of the capital increase or Bt1,225,000, has paid-up capital of Bt.1,325,000 . Uniloft Service Co., Ltd. operates a serviced apartment and management services for the group’s real estate projects.

As of 31 December 2017, Uniloft Service (Thailand) Company Limited ‘s 4 Directors are:

Name Position
1. Mr.Saranyu Adhyanasakul Director
2. Mr.Natthaphon Sueb-Am Director
3. Mr.Prathompob Intr-Bumrong Director
4. Mr.James Stevenson Worboys Director
T Utilities Company Limited (Joint Venture Company)

T Utilities Company Limited is located at 116/1, Silom Road, Suriyawong sub-district, Bang Rak district, Bangkok. T Utilities operates through co-investment in utilities companies and projects, mainly involving electricity generating and tap water systems. The Company owns 45% in T Utilities. T Utilities set up 5 subsidiaries on 3 July 2017 to operate electricity generating and distribution businesses: TU 1 Company Limited, TU 2 Company Limited, TU 3 Company Limited, TU 5 Company Limited and TU 6 Company Limited. On 27 November 2017, Southern Utilities Holding Company Limited was established to operate electricity generating and distribution business. T Utilities is capitalized at Bt300,000,000, with Bt131,250,000 million being paid up.

As of 31 December 2017, T Utilities Company Limited ‘s 5 Directors are:

Name Position
1. Dr.Bhichit Rattakul Director
2. Mr.Chainid Adhyanasakul Director
3. Mr.Noppol Milinthanggoon Director
4. Ms.Aunada Phruttinarakorn Director
5. Mr.Nandhapon Patpongpanit Director