”) Buyer: Kinpo International Ltd. (“KPI”) Type of fixed asset 3 sets of modular high speed placement Averaged 8 years of lifetime and 5.1 of used year Transaction date March 2019 Transaction amount USD

paste inspection machine and 10 sets of modular high speed placement machine 9 years of lifetime and 5.62 of used year Transaction date July - August 2019 Transaction amount USD 978,501 or approximately

developers adopted a price war to speed up their sales. This caused MK’s gross margin to decline from its normal level by 3%. However, at the end of the second quarter, MK could generate sales, from both pre

unlimited data packages to attract high value customers and encourage prepaid to postpaid migration. The fixed broadband market continued to expand through fibre technology. Competition focused on speed and

economy are seeking for value- for- money service. Operators introduced smaller package with lower speed of unlimited data to capture low-budget segment amidst weak consumer spending. Competition in fixed

to the attractive pricing, operators are offering package with higher speed at the same price as another marketing tools. Therefore, standard monthly plan speed was doubled to 200Mbps while tariff

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. +66 2 654

6 December 2007 Pace Development Corporation Public Company Limited 87/2 CRC Tower, All Seasons Place 45th Fl., Unit 4, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Thailand Tel. +66 2 118 9599

third quarter of 2019) Thai economy was expected to expand at a slower pace than previous expected at 2.8 and 3.3 percent in 2019 and 2020, respectively, due to both external and domestic demand

pressure and weak economy. While competition in prepaid segment remained competitive, the postpaid competition escalated in late-Feb as all operators introduced 10Mbps speed unlimited data plans at Bt300