, as detailed below. In addition, any person(s) designated by the Board of Directors to register the amendment of the Company’s Articles of Association with the Department of Business Development, the

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

accordingly: (1) to define business objectives and goals to create sustainable values for the business, (2) to achieve the goals through the mechanism of committee composition, oversight and development of

completely by May 30, 2018, or any other day mutually agreed by the Company and SUTGH. The key conditions precedent could be summarized as follows: (1) The Company has acknowledged the outcome of legal 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