bonds that are in the process of being extended or having their payments deferred, or are currently in default, is permitted to issue and offer subordinated bonds only. Additionally, the names of the

รับอนุญาตจากกระทรวงการคลัง   (2) ปรับปรุงหลักเกณฑ์การอนุญาตออกและเสนอขาย Baht Bond ได้แก่ การกำหนดให้จัดอันดับความน่าเชื่อถือของตราสาร (issue rating) โดยสถาบันจัดอันดับความน่าเชื่อถือที่จัดตั้งขึ้นตาม

 value the issue of human rights and be able to integrate human rights into their business operations as appropriate. SEC anticipates that listed companies will be ready to disclose information

monitoring business operation of invested companies closely and actively enough to be able to detect any potential issue at an early stage. If an issue is found in an invested company, for example, the

of 22.13% which is the maximum transaction value based on the first calculation basis i.e. Net tangible assets criterion comparing with Net tangible assets of the Company and its affiliates, details as

Thailand Enclosure: The Information Memorandum regarding the Disposition of Assets By virtue of the resolution of the Board of Directors’ meeting of Pace Development Corporation Public Company Limited (the

lower risk from 2017 as follow: DuPont Analysis 2016 2017 2018 Return on Equity or ROE 15 (%) 16.26 14.55 8.37 Operating Profit Margin 12 (%) 11.74 12.12 8.29 Total Assets Turnover 18 (times) 1.09 1.03

2018 as follow: DuPont Analysis 2017 2018 2019 Return on Equity or ROE 15 (%) 14.55 8.37 9.08 Operating Profit Margin 12 (%) 12.12 8.29 9.13 Total Assets Turnover 18 (times) 1.03 0.96 0.93 Equity

6.85 932.66 5.77 1,013.27 5.83 Inventories 3,173.50 21.19 3,653.33 22.61 3,608.19 20.78 Other Current Assets 16.27 0.11 18.15 0.11 14.10 0.08 Total Current Assets 4,808.89 32.11 4,915.01 30.41 5,371.82

the Treasury Department and Independent appraiser and the market price. Subsequently, this issue has been approved by the Executive Board, the Audit Committee, and Board of Directors. Selling Price