Notification of the Unitholders' Objection Period Result Regarding Proposed Long-Term Loan Agreement with SCB, Which May Constitute a Conflict of Interest Transaction between Trust and Persons Connected to Trustee
The Stock Exchange of Thailand·08/03/2026 12:27:17
SPW-044/2026
3rd August, 2026
Subject: Notification of the Unitholders' Objection Period Result Regarding
Proposed Long-Term Loan Agreement with SCB, Which May Constitute a Conflict of
Interest Transaction between Trust and Persons Connected to Trustee
To: President
The Stock Exchange of Thailand
Attachment: Letter No. SPW-039/2026, Notification about entering a transaction
that there may be conflicts of interest between the REIT and persons connected
to the Trustee, dated 16th July 2026.
Pursuant to Letter No. SPW-039/2026 of Sri Panwa Hospitality Real Estate
Investment Trust (the "Trust") regarding the Notification about entering a
transaction that there may be conflicts of interest between the REIT and persons
connected to the Trustee, Charn Issara REIT Management Company Limited (the
"Company"), as the REIT Manager, previously disclosed information through the
Stock Exchange of Thailand's information system regarding a long-term loan
between the Trust and Siam Commercial Bank Public Company Limited to serve as a
funding source for the redemption of the debentures Series SPWRT268A. As the
lending bank for the aforementioned transaction is a related person of the
Trustee, the entry into this transaction constitutes a related party transaction
that may give rise to a potential conflict of interest for the Trust.
Prior to entering into such transaction, the Trust was required to disclose
the relevant information to the unitholders at least 14 days in advance,
together with clear details of the channels, procedures, and period for
submitting objections. The objection period was required to be no less than 14
days. Accordingly, the Company provided the unitholders with the opportunity to
submit objections to the REIT Manager during the period from 16 July 2026 to 29
July 2026. If unitholders representing more than one-fourth of the total issued
trust units expressly objected to the proposed transaction in accordance with
the prescribed procedures, the Trustee would be prohibited from entering into,
or giving its consent to, such transaction.
The objection period has now expired. The Company hereby announces that no trust
unitholder submitted an objection to the proposed transaction within the
prescribed period. Accordingly, the Trust may proceed with the transaction. The
Trust is scheduled to enter into a long-term loan agreement with Siam Commercial
Bank Public Company Limited ("SCB"), a connected person of the Trustee of the
Trust, for a loan facility in the amount of THB 274,700,000. Together with a
loan facility of THB 300,000,000 to be obtained from another financial
institution, the Trust will have total loan facilities of THB 574,700,000, which
will be used to repay the Trust's SPWRT268A debentures upon their maturity on
10 August 2026.
Please be informed accordingly.
Yours faithfully,
Mrs. Wilai Intagool
Managing Director
Charn Issara REIT Management Company Limited
______________________________________________________________________
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