Origin continues to generate revenue, recently selling a warehouse to the ALPHA REIT, securing an extra cash flow of 125 million baht as planned, along with the sale of two developable land plots for an additional 260 million baht. Furthermore, in 2026, there is a backlog of 7 condo projects ready for transfer to customers, valued at over 16 billion baht, helping to mitigate risks from business volatility. The company will also offer its first bond sale of 2026 from February 10-12, consisting of two tranches: the first tranche is a bond with a maturity of 1 year and 3 months at an interest rate of 5.00%, and the second tranche is a bond with a maturity of 2 years and 6 months at an interest rate of 5.35%, with interest paid every 3 months.

Mr. Pirapong Jarunek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, revealed that the company is executing its business according to the established roadmap, focusing on recurring income from hotel services and warehouse operations to ensure continuous revenue. In the fourth quarter of 2025, the warehouse business under Alpha Industrial Solutions Co., Ltd. (ALPHA) sold a warehouse located at kilometer 22, covering an area of 21,660 square meters, to a real estate investment trust (REIT), resulting in a net cash inflow of 125 million baht. Additionally, the company sold two developable land plots in Ram Inthra and Bang Phli, generating over 260 million baht in extra cash.

This divestment plan for the hotel and warehouse sectors includes selling assets/businesses to private funds or general investors, as well as establishing its own REIT, depending on the appropriateness at the time. After establishing the REIT, the ALPHA group will continue to earn income from managing the REIT and/or property funds, which will provide recurring income for the company in the long term. Additionally, there will be capital gains from asset sales each year.

In the hotel business, operated by Origin Hotel Public Company Limited (ORIGIN HOTEL), in 2025, the company closed deals to sell stakes in two major hotels: the InterContinental Bangkok Sukhumvit, selling its 51% stake to Ci:z Technologies, a subsidiary of Ci:z Holdings Co., Ltd., a major Japanese company, generating over 800 million baht in extra cash. The Staybridge Suites Bangkok Thonglor was sold to “Tanboon,” a private company owned by Tan Paskornnatee, bringing in an additional 500 million baht.

For the condominium projects under Origin Vertical Corporation Limited (ORIGIN VERTICAL), there is a backlog ready for transfer to customers in 2026, valued at over 16 billion baht, accounting for 70% of the total project value from 7 projects developed under the concept of “Creative Living for All,” which include:

1. The Origin Kathu-Patong

2. The Origin Bangkae

3. Origin Place Khon Kaen-Kanlapaphruek

4. So Origin Siriraj

5. Origin Place Phetkasem

6. Origin Bangtao Beach

7. Origin Thonglor World

“Origin focuses on comprehensive real estate development, leveraging expertise in location and diverse marketing to expand recurring income portfolios, creating a balance of revenue from sales and services in the hotel, warehouse, and other business sectors that meet consumer lifestyles. This structure reduces risks from the volatility of real estate development,” Mr. Pirapong stated.

Mr. Pirapong also reiterated that the first bond offering of 2026 consists of two tranches: the first tranche with a maturity of 1 year and 3 months at an interest rate of 5.00%, and the second tranche with a maturity of 2 years and 6 months at an interest rate of 5.35%, with interest paid every 3 months. The first bond offering this year is a registered bond type, non-subordinated, unsecured, and has a bondholder representative, available for sale from February 10-12, 2026, through 10 financial institutions.

Investors can subscribe through any of the 10 bond distribution managers, including:

UOB Kay Hian Securities (Thailand) Public Company Limited, Tel. 02-659-5272-73

CIMB Thai Bank Public Company Limited, Tel. 02-626-7777

Asia Plus Securities Co., Ltd., Tel. 02-680-4004

Maybank Securities (Thailand) Public Company Limited, Tel. 02-658-5050

Phayathai Securities Public Company Limited, Tel. 02-205-7000 ext. 7387

Bluebell Securities Co., Ltd., Tel. 02-249-2999

Phillip Securities (Thailand) Public Company Limited, Tel. 02-153-9200 ext. 8163

Merchan Partners Co., Ltd., Tel. 02-660-6688

CGS-CIMB International (Thailand) Co., Ltd., Tel. 02-846-8675

ASL Securities Co., Ltd., Tel. 062-442-9928

The minimum subscription amount is 100 units or 100,000 baht, and can be multiplied in increments of 100 units or 100,000 baht, with no limit on the subscription value for each subscriber.

The company has been assigned a corporate credit rating of "BBB+" with a "Negative" outlook and a bond rating of "BBB" for non-subordinated, unsecured bonds with a "Negative" outlook by TRIS Rating on January 15, 2026.

Warning: Investment carries risks. Investors should study and understand the characteristics of the product, return conditions, and risks before making investment decisions. Investors can find details in the securities offering information and draft prospectus at www.sec.or.th.

Note: Allocation is at the discretion of the bond distribution manager, and the terms of distribution are as specified in the draft prospectus.