2 new investors in Pace Project One Co., Ltd. and Pace Project Three Co., Ltd., the Company engaged independent financial advisory firm to measure the fair values of investments in these 2

be acquired through exercising the right to purchase or convert per one unit of securities of such issue. 4 See Footnote 2. (Translation) -3- IV. Other agreements to result in additional acquisition of

., Ltd., would like to submit one copy of the financial statement for the year ending on December 31, 2017 that was audited by the auditor; together with this letter, we would like to explain about the

essentially due to the one-off gain and dividend income of Thai Wah Public Company Limited totaling Baht 373 million when it was transferred from other investment to investment in associate in 2016 which was

and buildings awaiting development -Long-term loans from financial institutions due within one year -Obligations under finance leases current portion due within one year 50,000 75,746 21,984 17,528 338

0.4% increase compared to 2016, fee and service income came mainly from mutual fund management fees, registrar and custodian fees and private fund management fees from ONE Asset Management Limited (The

equity in accordance with the latest financial statements audited by auditor not less than one hundred million Baht; (b) having direct investment not less than twenty million Baht in securities or

one of Chartered Financial Analyst (CFA) program or Certified Investment and Securities Analyst (CISA) course or other equivalent curriculums as approved by the SEC Office. Clause 5 An application for

intermediary has obtained an approval from the SEC Office to appoint such person: (1) the approved person to be fund manager; (2) the approved person to be REIT manager who has passed level one of Chartered

control and information technology security as specified in the notification of the SEC Office. Clause 8. Derivatives broker shall arrange to have independent director of at least one out of four directors