MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

11 Tambon Ladsawai, Amphoe Lamlukka, Pathumthani 12150 Paid up capital 7,000,000 baht Remarks: During the development of UU’s project, UU will increase the capital to 117 million baht, to be invested

Singha Complex after its construction completed in 4Q18. 2Q19 operating performance of Commercial business1 Building 2Q18 1Q19 2Q19 Suntower Office Space for rent (sq.m.) 62,539 62,843 62,843 Occupancy

, disclose the website address in the registration statement. B. History and Development of the Issuer Describe material events in the development of the issuer’s business that could have an impact on its

date and the length of its life (unless its life span is indefinite). 3. If the issuer has a website, disclose the website address in the registration statement. B. History and Development of the Issuer

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) reaching out to all parties to allow businesses and the public to make greater use of the capital market; (2) building a strong foundation for sustainable development, (3) increasing the efficiency of the

million mainly from (i) lower finance costs of THB 624 million or 39% from Q2/2019 due to partial repayment of bridge loan using proceeds from the Right Offering (RO) completed in Q4/2019 and (ii) lower

1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 4, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654 3344 Fax. 66 2 654

effectiveness of pandemic control and vaccine development, the economic damage may be worse than what was seen during the 1997 financial crisis. Given volatility in the financial market and real sector which had