Mr. Shih, Jiing-Fuh, Chief Executive Officer and President of Land and Houses Bank Public Company Limited or LH Bank, revealed that the bank has extended the loan facility of Baht 1,800 million to ONYX Hospitality Group, a leading company specializing in the management of hotels, resorts, and serviced apartments as well as luxurious hotels in Southeast Asia, to grow the “EQ Phuket” project in Phuket. LH Bank believes Phuket continues to stand as one of the world’s premier tourist destinations. We are confident that the “EQ Phuket” project will further enhance the island’s tourism potential and strengthen Thailand’s competitiveness in the global tourism market.

        Mr. Yuthachai Charanachitta, Chief Executive Officer of ONYX Hospitality Group, expressed that the “EQ Phuket” project is another key milestone in ONYX Hospitality Group’s strategy to expand its luxury resort portfolio. We clearly see the long-term potential of the Phuket market, with the support from LH Bank. The “EQ Phuket” project is not merely a new luxurious hotel in Phuket, but a strategic development project that reflects the growth direction of ONYX Hospitality Group. The project is expected to operate (COD) in the second quarter of 2028.

        Mr. Donald Lim, Chief Executive Officer of Equatorial Group, remarked that the “EQ Phuket” project is in a highly potential area in Phuket, which is one of the world’s main destinations for tourists. We affirm our confidence in the solid market fundamentals and the long-term growth potential of Phuket. The “EQ Phuket” project has been meticulously designed to deliver exceptional guest experiences and establish itself as a distinctive choice in the luxury resort market. With the financial support from LH Bank, the project gains enhanced stability and resilience, reinforcing its position as a landmark development in Phuket’s hospitality sector.