intention to promote and support the successful implementation of cross-border equity offering and depositary receipt (DR) and serves as another important milestone to reflect the strong relationship

interest bearing debts equaled to 20,336 Million Baht. Shareholders’ Equity Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless Road, Lumpini

Other Receivables 50.9 39.0 11.9 30.6% Property Development Cost 261.3 243.9 17.4 7.1% Investment Properties 522.0 520.3 1.7 0.3% Leasehold Right and Building 1,317.3 1,330.8 -13.5 -1.0% Deposit 140.7

the end of 2017 equal to 86.6 million baht or 3.6 percent due to property development cost decrease due to the divest of land for development. Liabilities & Shareholder’s Equity As for the period ending

percentage is agreed on the investment offer of Hero Experience under which the equity required for the development of the Project equals the value of the shares to be issued to the Company. 3.2 The

increased to 0.68 times because of the record of construction cost refund from Tubma reservoir development project. Debt to equity ratio was at 0.83 times and Debt service coverage ratio (DSCR) remained

considered and based on the investment offer of Hero Experience under which the equity required for the development of the Project equals the value of the shares to be issued to the Company. Based on

the lower net profit. For the liquidity analysis, current ratio increased to 0.66 times because of the record of construction refund from Tubma reservoir development project. Debt to equity ratio was at

million into our capital structure as of June 30, 2017, the illustrated net interest-bearing debt to equity ratio would be 1.6 times. Development of Solar Projects Pursuant to Notification of the State

Transaction in such shareholding percentage is considered and based on the investment offer of Hero Experience under which the equity required for the development of the Project equals the value of the shares