transferring to the owners since Q4 2017 onward. 4 2017 MD&A: PACE Development Corporation PLC. As of August 15th, 2017, the Company has company-operated stores and licensed stores as following. The total

onward. 4 2017 MD&A: PACE Development Corporation PLC. As of August 15th, 2017, the Company has company-operated stores and licensed stores as following. The total revenues of DEAN & DELUCA in Q2 2017 were

was due to the fact that the Company has focused on promotional activities were also organized jointly with leading shops and department stores. In May 2017, the Company cooperated with Big C

channel such as big retail stores/hypermarkets and dealer shops all over the country and Sharing of gain (loss) from investment value of the associates decreased from the last year since the expenses of

follows; a. Advisory fee of THB 12 million b. Commission of not exceed 1 month of rental for providing new tenants of shops and mini shops with a contract period not less than 1 year c. Commission of not

products. For the domestic, the Lockdown measure from the Thai government resulted in the hypermarket stores such as Tesco Lotus, Big C, Home Pro, etc. that are the customers of the company necessary to

stores with operating loss. ( 117 stores in year 2017 vs 140 stores in year 2016) Gross Profit Q3 2017 gross profit decreased by Baht 34.63 million or down by 13.03%, and the percentage of gross profit

revenue was Baht 396.79 million decreased by Baht 122.81 million or 23.64% as compared with the 1st Quarter of 2017. This was mainly reflected from the company’s policy to close the stores with operating

% from the same period last year, and represented 37% of total revenues. This was due to the fact that the Company has focused on promotional activities were also organized jointly with leading shops and

online channels to continue to operate, although this was not sufficient to compensate for the losses resulting from the closure of stores. However, consumer demand for our products has continued