which will reflect to the debt to equity ratio decreasing by year end 2017. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation
Company, therefore, the interesting bearing debt to equity ratio and the debt to equity ratio of shareholders do not exceed 1:1 which is in compliance with the Company’s policy. The financial costs are also
disclosed to the SET. Enclosure Page 5 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and requires cash flow for debt
requires cash flow for debt repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the
Mr. Yannakorn Warakunrak Mr. Yannakorn Warakunrak, the Chief Executive Officer, responsible for the operation of the Polaris Capital Public Company Limited (“POLAR”), shall be liable for POLAR’s
end of 2017. The Company’s debt to equity ratio was 1.59 times while the interest bearing debt to equity ratio was 1.29 times. Management Discussion and Analysis Q1/2018 Page 4/4 JAS Asset Public
shareholder’s equity stood at 1.55 million baht as ending of 31 December 2018 The Company debt to equity ratio stood at 1.55 times and the Interest-Bearing Debt ratio was 1.28 times. Forward Looking The Company
million baht from 2016. The increasing in shareholder’s equity was because the Company capital increase from General Mandate and share premium increased from increase capital. The Company debt to equity