-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

million Baht, declined by 86.59 million Baht or 6.57%, of which the equity holders of the parent company was accounted for 1,221.18 million Baht, dropped by 88.05 million Baht or 6.73% compared to the

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

arrangement for the Mixed-use project of THB 492 million, and (2) a decrease in net long-term loan of THB 133 million. Dusit Thani PCL Management Discussion and Analysis 2017 P a g e | 5 Shareholders’ Equity As

profit of the Corporate Group for the 1st quarter 2019 would be Baht 165.62 million or an increase of 18.30 percent. Details of the changes or impacts are described in the Management Discussion and

million, the Corporate Group’s net profit for the year increased by Baht 4 .44 million or an increase of 3.28 percent. Details of the changes or impacts are described in the Management Discussion and

-month period decreased by Baht 0.92 million or 0.79 percent and for the 6-month period, the net profit increased by Baht 3.51 million or 1.39 percent. Details of the changes or impacts are described in

UE, which ws funded by a capital increase via issuance of preferred shares last quarter. The majority of assets acquired by EBT of UE was the BTS- Sansiri JV (Sansiri JV)  Net debt to equity ratio as

significantly higher conversion rate of 3-5%, compared to the industry norm of 0.5%. Delivering More Than 70,000 Pieces of Smart Sampling EQUITY AND OTHERS  On 11 September 2018, VGI issued and allocated

3rd quarter increased by Baht 2.93 million or 3.82 percent and for the 9-month period, the net profit increased by Baht 6.44 million or 1.96 percent. Details of the changes or impacts are described in