create business growth and sustainable value.While the corporate governance practices adopted by Thai listed companies have undergone continuous developments with the focus on building investor confidence

Trust invests into sub- leasehold right and the Company will terminate sub-lease agreement of land and building in Bangkok Free Trade Zone (“BFTZ”). As the Company sub-leased part of land and building in

new projects that will be launched in 2019. Moreover, there are on-going negotiation with new partners for expansion of commercial building business. This could add up recurring revenue in the Company’s

วันที่ 10 พฤษภาคม พ -Translation- 1 Ref. LPN/SorKor/109/2561 10th May, 2018 Re: Report on Financial Analysis in Q1/2018 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co

. Assets increased primarily from the acquisition of the acorna hotel portfolio and Noble Ploenchit office building, however this was offset by the sale of Mo Chit Land, and largely from the appreciation of

by closing Dusit Thani Hotel School (DTHS) in 4Q17 to utilize DTHS’s building and facilities as a research center for the development of culinary and hospitality programs under Dusit Thani Excellence

CORPORATION PUBLIC COMPANY LIMITED ALL INSPIRE DEVELOPMENT PUBLIC COMPANY LIMITED ALLA PUBLIC COMPANY LIMITED ALLIANZ AYUDHYA CAPITAL PUBLIC COMPANY LIMITED ALLY LEASEHOLD REAL ESTATE INVESTMENT TRUST ALPHA

(Translation) Pace Development Corporation Public Company Limited 87/2 CRC Tower, All Seasons Place 45th Fl., Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Thailand Tel. +66 2 654 3344 Fax

, tentative transfer in 3Q20) – are under development, the reported revenues were from sales of housing units and home building services of the 52%-owned NVD. In 1Q18, residential business registered its total

-1 - Translation - Ref. LPN/SorKor/386/2562 7th November 2019 Re: Consolidated Financial Statements Analysis Q3/2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd