the sale of Takuni Land’s shares including approved Takuni Land to purchase the land from a director of the company to be as an access road for the Project (which included in the development cost) as

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

Businesses 20 3.1 Sustainable Development and Corporate Governance 20 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of KASIKORNBANK in 2017 and Outlook for the Next Three Years 24

are ready for transfer. Pre-sales of condominium projects launched in 2017 continues to increase. Diversification into Mixed-use Development Projects CPN sees the potential in mixed-use development

29 percent of shares of NYKT (“NYKT Shares”) from Artlion Development Limited (“ArtLion”) which is a subsidiary of and under the control of NYK Group. The purchase of NYKT Shares is regarded as a

Operating Results 1. Organizational structure and operation of the group of companies 3 2. Risk management 12 3. Business sustainability development 13 4. Management discussion and analysis (MD&A) 17 5

sustainability development 13 4. Management discussion and analysis (MD&A) 17 5. General information and other material facts 19 Part 2: Corporate Governance 6. Corporate governance policy 21 7. Corporate

% from the total revenue, decrease 143.7 million baht, or 45.7%. Due to the year 2019, the Group has joint ventures with new partner as following : (1) Nomura Real Estate Development Co.,Ltd, to develop

shares will be noticed after registered at Department of Business Development, Ministry of Commerce. This will expect to be completed by September 2017. In addition the certain shareholding proportion of

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