of the year 2018. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation Public Company Limited

of the year 2018. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation Public Company Limited 6 | P a g e Pace Development

44.3%. The main factor in the decrease was repayment of loans from financial institutions. 7 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02

which was due to net loss on foreign exchange, loss on disposal of assets, and loss on disposal of investment. Central Retail Corporation Public Company Limited Page 4 Financial Summary for the nine-month

1,367.27 million. Management Discussion and Analysis of Business Operation for the 3rd quarter of 2017 Bangchak Corporation Plc. 19 | Financial Position of the Company and its subsidiaries (Consolidated

Financial Summary 2017 Management Outlook and Strategy February 9, 2018 PACE Development Corporation PLC. CRC Tower All Seasons Place 45th Floor, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Telephone 02

Executive Summary Financial Summary 2017 Management Outlook and Strategy May 15, 2017 PACE Development Corporation PLC. CRC Tower All Seasons Place 45th Floor, Wireless Road, Lumpini, Pathumwan, Bangkok 10330

, RATCH-Australia Corporation Limited (“RAC”) (an indirect subsidiary in which the Company holds 80 percent stake) has achieved its financial close and started the construction of Collinsville Solar Power

-Australia Corporation Limited (“RAC”) (an indirect subsidiary in which the Company held 80 percent stake) has achieved financial close in order to start the construction of Collinsville Solar Power Project

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for