Dear everyone

Agility Asset Advisors Inc.

Establishment of an Investment Fund for Hotel Development in Thailand

Agility Asset Advisors Co., Ltd. (hereinafter referred to as the "Company") has established an investment fund (hereinafter referred to as the "Fund") to develop and operate a hotel on a development site along Witthayu (Wireless) Road* in Ploenchit, central Bangkok, in the Kingdom of Thailand.

This fund is the second fund following "The Ember Hotel (construction and hotel opening in December 2022)" developed in the Khaosan district of Bangkok's old town, and is structured to invest in a Thai local company (Company Limited), a real estate holding vehicle, from a fund established in Japan through Singapore-registered Variable Capital Company (VCC). The fund will be managed in collaboration with group companies AP Fund Management Pte Ltd (Singapore) and AP Capital Co., Ltd. (Kingdom of Thailand).

We plan to continue to expand our overseas real estate investments, focusing on the rapidly growing Southeast Asian region, by making the most of the PhillipCapital Group's network.

*Wittayu Road: Wittayu (Wireless) Road was once home to Sala Daeng Radio Station, one of Thailand's oldest radio stations, and so its name comes from Wittayu (radio). It intersects with the Bangkok Skytrain (BTS SkyTrain) on the north and south sides, with Ploenchit Station located near the intersection.

(English name: Phloen Chit Station) is located in the area, which is home to embassies from Japan, the United States, Switzerland, and other countries, as well as luxury hotels and commercial facilities. (The photo was taken from the planned development site looking in the direction of the former British Embassy site as of June 2024.)

(Investment structure)

→ : Investment ← : Dividends/return of investment

(Plan overview)

(Completed image)