Project One Co., Ltd. ("PP1") and Pace Project Three Co., Ltd. ("PP3") which are the Company's subsidiaries and the shares of which are held by the Company, directly and indirectly through Pace Real Estate
impacts of the situation. In 2020, the Company has initiated Organizational Transformation project which emphasizes on increasing operational efficiency and work process whereby the Group CEO also assumes
initiated Organizational Transformation project which emphasizes on increasing operational efficiency and work process whereby the Group CEO also assumes an additional role of Chief Transformation Officer
and work force, operates solar power plant Operates solar power plant (Not started operation yet) Safety equipment trading business (Not started operation yet) Page 3 of 19 The analysis of consolidated
the Company. For the long-term plan, the Company has determined to proceed the significant strategy plan for the Dusit Central Park Project continuingly. Major Developments On 21 January 2020, Epicure
Exchange of Thailand; (9) “brownfield project” means an infrastructure business that has begun generating commercial income from its completed construction; (10) “greenfield project” means an infrastructure
of Thailand; (9) “ brownfield project ” means an infrastructure business that has begun generating commercial income from its completed construction; (10) “ greenfield project ” means an infrastructure
assets are work under construction in the Northern Pipeline Expansion Project of FPT and the High Pressure Aviation Fuel Pipeline Expansion Project of TARCO 2.1.3 Project costs under concession agreements