The legal action against the tenant that failed to return the property of Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition

No. RMG 88/2026 21 October 2026 Subject: The legal action against the tenant that failed to return the property of Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition To: President Stock Exchange of Thailand Whereas Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition ("Trust") had leased the Royal Orchid Sheraton Hotel and Towers Project ("Property") to Royal Orchid Hotel (Thailand) Public Company Limited ("ROH") according to the Lease Agreement for movable and immovable property of the Royal Orchid Sheraton Hotel and Towers Project between the Trust represented by MFC Asset Management Public Company Limited ("MFC") as the Trustee of the Trust and ROH, including the memorandum of agreement regarding the first and second lease renewals, collectively referred to as the "Lease Agreement" which specify an expiration date and the Property's buy-back date on July 14, 2026. MFC in its capacity as the Trustee of the Trust sent a formal letter dated July 15, 2026 to the Managing Director of ROH, as the lessee, notifying ROH to handover the Property in accordance with the terms of the Lease Agreement. Otherwise, MFC in its capacity as the Trustee of the Trust would find it necessary to take further legal action against ROH. Regarding the failure to perform required actions after the above specified date by ROH, One Asset Management Limited ("ONEAM") in its capacity as the REIT Manager considered with MFC in its capacity as the Trustee of the Trust that it is necessary to take legal action to demand that ROH complies with the Lease Agreement and protect future damages to the Trust and unitholders. ONEAM in its capacity as the REIT Manager and MFC in its capacity as the Trustee appointed the lawyer to file a lawsuit against ROH with Bangkok South Civil Court on October 21, 2026. The claims include breach of contract and tort to MFC as the Trustee of the Trust, which results in damages from that the Trust cannot utilize the Property. With this claim, ROH needs to fulfill following requests for the Trust (1) Remove the premises along with their retinue from the Property and handover the Property. (2) Procure that MFC, in its capacity as Trustee of the Trust, be substituted for ROH as a party to the agreements relevant to the operation of hotel business. (3) Assign to MFC the parking lease rights under the parking lease agreement between River City Bangkok Company Limited and ROH. If ROH fails to do so, ROH shall pay the costs incurred in procuring replacement of parking facilities. (4) Assign to MFC all warranty of registered movable properties. (5) Transfer to MFC the hotel business license and all other licenses relating to the operation of the hotel business. If ROH fails to do so, ROH shall compensate for the damages. (6) Pay all outstanding rents accruing from May 2026, together with interest thereon at the rate of five percent (5%) per annum. Along with the above-mentioned, the Trust also appointed the lawyer to file a petition for temporary injunction requesting the Court to order ROH to deposit money with the Court at the rate of THB 25,000,000 per month (being the average annual rental rate of the 5th lease year and the average expenses of the Trust on current year) as security for damages caused to the REIT, effective from the date of the Court's order until the case becomes final or the Court orders otherwise. Please be informed accordingly. Yours sincerely, (Mr. Alongkorn Prathanrasnikorn) Chief Property and Trust Officer One Asset Management Limited ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement. If you would like to see the full details of this information, please click view "full details" in attached file.