Telephone 02-6543344 Ext.119 http://www.pacedev.com http://www.pacedev.com/ 3 2017 MD&A: PACE Development Corporation PLC. The following is the overall business operations and significant changes during Q2

was Baht 1,649.69 million and Baht 1,616.04 million respectively. The major changes were from the net profit amounting to Baht 131.37 million, dividend payment by company and its subsidiaries of Baht

to The Crown Property Bureau (THB 834 million), an increase in available-for-sale investments due to the changes in fair value of investments (THB 98 million), a decrease in property, plant and

-6543344 Ext.119 http://www.pacedev.com http://www.pacedev.com/ 3 2017 MD&A: PACE Development Corporation PLC. The following is the overall business operations and significant changes during Q2 2017: In Q2

was Baht 1,615.73 million and Baht 1,616.04 million respectively. The major changes were from the net profit amounting to Baht 200.55 million, dividend payment by company and its subsidiaries of Baht

exchange rate changes on balances held in foreign currencies (302.90) Net cash decrease during the year (131.75) 4.1 Net cash from operating activities increased cash flow in the amount of Baht 8,207.42

Operating Activities totaling Baht 2,057.75 million Baht from the net income after deduction of the changes in assets and liabilities from operations. 2) Net cash used in Investment Activities amounted to

increase by Baht 42.70 million or an increase of 11.57 percent from the same period of previous year, due to effective management of production cost and selling expenses. Details of the changes or impacts

December 2017, cash and cash equivalents was THB 1,021 million, increasing by THB 169 million and negative effect of exchange rate changes on cash and cash equivalents of THB 19 million from THB 870 million

%, from 12.3% and 16.4% in 2016 and 2015 respectively. Major assets and the changes in the assets are summarized as follows; Breakdown of assets in 2017, 2016 and 2015 - Cash and bank deposits (Including