reasons were as follows:- 2.2.1 The profit of Hongsa Power Company Limited ("HPC"), a joint venture in a portion of 40, percent increased in the amount of Baht 1,046.60 million as Hongsa Power Plants

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Company Limited (“the Company”) would like to submit the management discussion and analysis of the operating results for the first half of 2020 ended June 30, 2020 as follows: Revenue from Software

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current portion) increased by 209.6 MB because during in 2020, the Company entered into an additional financial arrangement agreement in order to provide sufficient short-term loan to support large projects

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

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