monitor credit quality and maintained high levels of capital buffers and loan loss provisions to facilitate credit expansion going forward. Credit Rating Land and Houses Bank Public Company Limited is

on loan portfolio quality. Although the deterioration in credit quality affected profitability, but Thai commercial banking system’s remained sound as banks continued to closely monitor credit quality

. The ratio of non-performing loans (NPLs) to total loans was 3.8 percent. The Bank continues to closely monitor its loan quality and set aside appropriate provisioning expenses. Total allowances for

Public Company Limited (“the company”) held on 19 March, 2017 has approved the company to change the core business to property development. Thus, the Extraordinary General Meeting of Shareholders, held on

6 December 2007 Pace Development Corporation Public Company Limited 87/2 CRC Tower, All Seasons Place 45th Fl., Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Thailand Tel. +66 2 654 3344

! (0.94%) 0.00% Impairment loss of land held for development (47.13 ) - (47.13 ) #DIV/0! (15.93%) 0.00% Loss on cancel of joint venture agreement (25.50 ) - (25.50 ) #DIV/0! (8.62%) 0.00% Loss from

(0.94%) 0.00% Impairment loss of land held for development (47.13 ) - (47.13 ) #N/A (15.93%) 0.00% Loss on cancel of joint venture agreement (25.50 ) - (25.50 ) #N/A (8.62%) 0.00% Loss from litigation

subsidiaries intend to engage in horizontal and vertical real estate development business as industrial and commercial real estate for sale and lease of short-term and long-term space. It also includes short and

a development project of tourist facilities on Emboodhoo Lagoon in the Republic of Maldives (“Crossroads”), by acquiring interests in a separated head lease, which covers three resorts and an

held for development in the amount of Baht 69.82 Million and profit from sale of investment properties in the amount of Baht 0.58 Million. 2. Cost of sales For year 2016, cost of sales was decreased by