Operating Company Hydrotek Plc. Project Type Waste Water Treatment Plant and Collection System Project Value THB 239 mn Progress (% of Completion) 28.26 % Commissioning Date October 2016 Construction Period 1

THB mm Net cash generated (used in) from operating activities (894.0) 483.6 Net cash generated (used in) from investing activities (1,134.6) 764.4 Net cash generated (used in) from financing activities

1 2017 MD&A: PACE Development Corporation PLC. Executive Summary For the second quarter of 2017, 3-month operating period ended June 30th, 2017 (“Q2 2017”), the total revenues of the Company was

2016 2017 THB mm THB mm Net cash generated (used in) from operating activities (1,581.3) 1,760.6 Net cash generated (used in) from investing activities 10,167.5 2,144.2 Net cash generated (used in) from

operating activities Net profit (Loss) for the period (504) Adjustments for Depreciation and amortization 439 Work roll amortisation 36 Interest income (19) Finance costs 228 Unrealised gain on foreign

(used in) from operating activities (90.1) 865.0 Net cash generated (used in) from investing activities (831.4) (1,898.7) Net cash generated (used in) from financing activities 1,933.2 1,709.1 Net

6.68% Other income 7.03 3.31 3.72 112.24% 26.30 12.85 13.44 104.57% Selling and administrative expenses 136.78 106.82 29.96 28.04% 242.51 199.48 43.04 21.57% Operating profit 375.68 392.95 (17.28) (4.40

interim dividend payment of 0.35 Baht per share (THB 1,051.31 million) from the Company’s operating results based on separate financial statements for the period January - June 2019, which showed the net

/2018, held on 19 July 2018 has the resolutions as follows: 1. To dispose all investments in Nation U Co., Ltd. (“NU”) (a subsidiary of the Company holding the license and operating the Nation University

operating activities 270.9 (90.1) Net cash generated (used in) from investing activities 1,574.7 (831.4) Net cash generated (used in) from financing activities (847.2) 1,933.2 Net increase in cash and cash