Frasers Property Commercial Asset Management (Thailand) Limited ("FPCAMT"), part of the Frasers Property Group Thailand or "FPT", has announced an organizational restructuring to enhance operational capabilities and strengthen its position, aligning with the strategic plan of the group that emphasizes synergy while fostering sustainable growth for the organization. The board meeting of FPCAMT has resolved to appoint Ms. Chanthraphorn Jan as the new managing director, succeeding Mr. Thanaratch Boonyakosol, who has been appointed as the managing director of Frasers Property Industrial REIT Management (Thailand) Limited ("FIRM") effective November 1st.

Ms. Chanthraphorn Jan, Managing Director of Frasers Property Commercial Asset Management (Thailand) Limited, stated, "With the support of the board, management, and the experienced team at FPCAMT, I am confident that the company will continue to deliver excellent service experiences to all stakeholders. We will focus on maintaining the occupancy rates of our premier office portfolio at excellent levels while seeking opportunities to expand investments in high-potential assets to diversify risks and foster future growth. We will adhere to prudent operational practices, conduct business within a framework of governance and good oversight, and manage the trust's assets efficiently to create stable and sustainable returns for our unitholders."

Ms. Chanthraphorn has been with the group since 2015 and played a key role in establishing the trust, bringing financial knowledge and expertise, along with over 15 years of experience in investment and real estate development. Throughout the past six years since the trust's establishment, she has diligently managed the trust to ensure consistent returns for all stakeholders, even amidst increasing business challenges and competition.

Currently, FPCAMT manages the portfolio of GVREIT, which includes A-grade commercial projects in central Bangkok, such as the Park Venture Eco-plex and Sathorn Square, managing over 167,872 square meters, with a total asset value under management exceeding 12.2 billion baht and an average occupancy rate of up to 95%. Recently, Tris Rating Co., Ltd. has maintained the credit rating at "A-" with a "Stable Outlook."