interest rate of 4.18% p.a. In December 2018, BGRIM issued the first green and climate bonds in Thailand with an amount of Baht 5,000 million which solely invested by Asian Development Bank (ADB) with term

amounted to Baht 55,813 million, an increase of 26.0% from the end of 2017. Commercial Lending includes real estate development loans and SMEs loans, details are as follows: Real estate development loans (RE

) and service sector from tourism related. Non-durable and semi-durable goods also showing signs of recovery supported by the increase in farm incomes. Meanwhile, private investment also started to

Lending business amounted to Baht 49,707 million, an increase of 12.2% from the end of 2017. Commercial Lending includes real estate development loans and SMEs loans, details are as follows: Real estate

6 December 2007 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

-1 -Translation- Ref. LPN/SorKor/053/2562 14th February 2019 RE: Financial Statements Analysis Report 2018 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd. would

to increase selling price in Traditional trade and Cash van channel starting from July 2018. The increase in price reflect the increase excise tax and management’s policy to get competitive rate of

Development) million baht 7,378 6,976 7,319 Operating expenses (include Research and Development) to sales (%) 13.90% 14.17% 15.61% profit marginOperating (%) 8.94% 11.32% 10.87% Other income to total revenues

3,175 million, increased by Baht 475 million or 18% from 2016. The increase is mainly due to the rise in sales of electricity and steam generated from the rise in demand of industrial users. Also, the COD

of Thailand and Office of the National Economic and Social Development Board data (NESDB), Thai economy in 2020 expanded by 2.4%, decreased from 4.2% in previous year. This was because the global