6 December 2007 1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654

69% as compared to Q1 2017 of 1,761 million Baht. The significant decrease was mainly due to the transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon in Q1 2018 is only 6 residences which

Co., Ltd. is the developer of affordable urban residential condominium to serve the needs of the target customers. At present, both domestic and international economy continues to decelerate

that towards the end of the year and into 2021 demand should increase. In other segments, disruption in cross border logistics is the key concern and once mitigation efforts are in place we should return

goods and rendering of services in Q1/2018 was recorded at Baht 627 million, higher 14 % Y-O-Y, with company all three major sales channels increased as follows: - Project up 18% Y-O-Y due largely to the

revenue from sales of goods and rendering of services for full year 2018 was recorded at Baht 2,923 million, higher 14% Y-O-Y. The revenue increased in most channels as follows: - Project sales up 17% Y-O-Y

-volume transaction indicating value of more than 0.03% but less than 3% of book value of Net Tangible Asset or NTA (Consolidated Financial Statements as at 31 December 2018). As a result, the Company

of Padaeng Industry Public Company Limited at its meeting, No. 03-2017 on 7 August 2017 has approved that the Company invest short term Bill of Exchange which is considered as related parties

Beneficiary We refer to our letter of notice; ref. PDI/BK-BS-044/2017 dated 8 th August 2017 regarding the Board of Directors of Padaeng Industry Public Company Limited at its meeting, No. 03-2017 on 7 August

31, 2017, the company reported total assets at THB 900.31 million, total liabilities at THB 77.17 million and shareholders' equity at THB 823.14 million. The company’s Debt-to-equity ratio was 0.094