ORI’s Subsidiary ONEO to Sell IPO for Hotel-Serviced Apartments and Commercial Real Estate

ORI reveals its subsidiary “One Origin Plc. (ONEO)” has filed a filing with the SEC and prepares to sell IPO totaling 26.13% to raise funds to develop hotel-serviced-apartment projects. Office Building – Retail Space and restaurant business

Mr. Peerapong Jaroon-ek Director and Chief Executive Officer Origin Property Public Company Limited or ORI revealed through the Stock Exchange of Thailand (SET) that One Origin Public Company Limited or ONEO, which is Subsidiaries of the Company has filed a registration statement for the offering securities and draft prospectus for initial public offering (IPO) to the Office of the Securities and Exchange Commission Securities and Exchange Commission (SEC) is completed.

Under this Spin-Off plan, ONEO will issue and offer new ordinary shares to the general public. and other types of investors, including the offering of newly issued ordinary shares and warrant whose shares are allocated to support the exercise of warrants to directors, executives and/or employees of ONEO and/or its subsidiaries (ESOP and ESOP Warrant), totaling not more than 26.13% of the total paid-up capital of ONEO after the initial public offering (IPO) and the exercise of ESOP warrants (under the assumption that the newly issued ordinary shares are subscribed and exercised according to warrants for the whole amount)

In this regard, under this Spin-Off Plan, ONEO plans to allocate newly issued ordinary shares for sale to the general public and other types of investors and to issue newly issued ordinary shares and warrants to directors. Executives and/or employees of ONEO and/or its subsidiaries, details of which will be determined later.

In addition, there will be issued and Offer to sell some newly issued ordinary shares to directors, executives and/or employees of the Company and/or its subsidiaries No more than 22,701,000 shares with a par value of 0.50 baht per share.

After this offering of newly issued ordinary shares As a result, the Company’s shareholding in ONEO will decrease from 99.99% to not less than 73.87% of ONEO’s paid-up capital after the initial public offering. Initial public offering (IPO) and the exercise of ESOP warrants (under the assumption that newly issued ordinary shares and ONEO will continue to be a subsidiary of the Company. as before

Initially, ONEO has the objectives of utilizing the proceeds received from the initial public offering (IPO) as follows:

(1) To provide funds for project development and/or business expansion and/or

(2) to repay the loan and/or

(3) To be working capital for the operation of ONEO

In this regard, the Company will inform further details about the plan for the initial public offering (IPO) of ONEO’s ordinary shares.

In addition, ONEO operates the business of developing and operating real estate in the hotel and service business. (Hospitality) and commercial real estate, divided into 4 main categories:

(1) Hotel and service apartment business

(2) Office building and retail space business

(3) Food and beverage business

(4) other related businesses which includes providing