(Translation) 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 Fax

1 RP-AC 002/2020 May 13, 2020 Subject: Clarification of the operating results for the first quarter of 2020 To: Directors and Managers of the Stock Exchange of Thailand Richy Place 2002 Public

2019 because the major customer which is Siam Commercial Bank (SCB) has slowed down the use of such service due to the pandemic of COVID-19 that make it difficult to get into customer’s work place and

revenue from sales of goods, recognized as income from renting a place for depositing goods according to the period of deposit. 1.6 Revenue from contractors amounted to 11.91 million baht, a decrease of

Reporting Standards No. 15, companies must use revenue from sales of goods, recognized as income from renting a place for depositing goods according to the period of deposit. Page 2 of 3 1.5 Revenue from real

from renting a place for depositing goods according to the period of deposit. 1.4 Revenue from real estate development business amounted to 6.10 million baht, an increase of 0.10 million baht or 1.67

structure does not cause any conflicts of interest or has put in place effective measures for prevention of such conflicts of interest. Clause 4. Management company shall submit the following information to

ensure that it is right and proper at all times; (2) the trust manager shall put in place the measure that requires the lessees, the concessionaires, or the operator of infrastructure assets report facts

services essential in contacting with the securities registrar and such publications shall be posted in a prominent place at the office of the securities registrar; (3) establishing an internal control

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