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

which will reflect to the debt to equity ratio decreasing by year end 2017. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation

loans from financial institutions of 3,059 million Baht, current portion of long-term loans from financial institutions of 8,063 million Baht, 5 | P a g e Pace Development Corporation Public Company

times as compared to 8.9 times in 2017. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation Public Company Limited

repayment of loans from financial institutions. 6 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Shareholder Equity As of 31 December 2018

. Yours Faithfully, (Mr. Prajak Jangsangtong) Chief Financial Officer PACE Development Corporation Public Company Limited

. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation Public Company Limited

, increases from the end of 2018 at 10.8 times. Please be informed accordingly. Yours Faithfully, (Mr. Prajak Jangsangtong) Chief Financial Officer PACE Development Corporation Public Company Limited

brand value. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation Public Company Limited Macao - 1 1 Bahrain - 1 1 Total 38 32 70

) Chief Financial Officer PACE Development Corporation Public Company Limited