WHA Industrial Leasehold Property Fund ("WHAIR Trust") has successfully closed the subscription for capital increase units, receiving overwhelming responses from existing unit holders, institutional investors, and the general public. This reflects confidence in the potential of ready-built factories and warehouses located in the logistics area of the Eastern Economic Corridor (EEC), increasing managed rental space to 428,818 square meters and total asset value exceeding 13 billion baht, while highlighting a projected yield of 8.9% for 2023.

Ms. Jarucha Satimanont, Managing Director of WHA Industrial REIT Management Co., Ltd., as the manager of WHAIR Trust, revealed that after WHAIR Trust opened for subscription of capital increase units from December 2 and December 6-9 for existing unit holders, and from December 14-16 for the general public at a price of 7.20 baht, investors responded by fully subscribing to 100% of the units. This reflects confidence in the growth potential of WHAIR Trust alongside the expansion of ready-built factories and warehouses within the "Eastern Economic Corridor" or EEC. These factors showcase the attractiveness of investing in WHAIR Trust.

Over 90% of the additional investment assets are located in the "Eastern Economic Corridor" or EEC. These include:

1.) WHA Eastern Seaboard Industrial Estate Co., Ltd. has one ready-built factory and three ready-built warehouses within the WHA Eastern Seaboard Industrial Estate 1 (WHA ESIE1) and WHA Logistics Park 2 (WHA LP2) projects.

2.) WHA Industrial Building Co., Ltd. has three ready-built factories and four ready-built warehouses within the Eastern Seaboard Industrial Estate (Rayong) (ESIE), WHA Chonburi 1 Industrial Estate (WHA CIE1), Hi-Tech Industrial Estate Kabin (KABIN), WHA Logistics Park 1 (WHA LP1), and WHA Logistics Park 4 (WHA LP4).

3.) Eastern Seaboard Industrial Estate (Rayong) Co., Ltd. has three ready-built factories within the Eastern Seaboard Industrial Estate (Rayong) (ESIE).

In total, there are 14 buildings across 7 projects, covering an area of 48,186 square meters with an investment value of 1,345.89 million baht. Following this additional investment, WHAIR Trust will have increased managed rental space to 428,818 square meters, with total asset value exceeding 13 billion baht.

As the manager of WHAIR Trust, I would like to thank the unit holders and investors for their strong response and confidence in our management throughout the past periods. The robust potential of WHAIR Trust, along with its performance over the past 2-3 years, clearly reflects its strength and ability to provide returns. The trust has shown continuous growth, with an average occupancy rate of 91%. After this additional investment, the trust will have a larger asset size and increased income, leading to a higher projected return.

The trust has projected a distribution of benefits at 0.64 baht per unit based on the profit and loss statement and benefit distribution under hypothetical scenarios for the year from January 1 to December 31, 2023, audited by accountants, which translates to an estimated yield of 8.9%. Therefore, WHAIR Trust is considered a good investment option that offers attractive returns and stable growth alongside the EEC,” Ms. Jarucha concluded.