12.21 28.33 232.02% 18.55% 6.95% Revenues from reduction of defaulted interest under the Court's order 0.00 16.66 (16.66 ) (100.00%) 0.00% 9.48% Gain on disposal of land held for development 1.27 0.00

contribute high gross margin; 4) marketing activities to help dry stock at trade stores and prepare for new packaging launch in Q3; and 5) increased administrative expenses from higher personnel expenses to

to accept the right under the Strategic Partnership Agreement between the Company and Hemaraj Land and Development Public Company Limited (“Hemaraj”) to conduct the business of distribution and retail

วันที่ 10 พฤษภาคม พ -Translation- 1 Ref. LPN/Sor.Kor./277/2560 9th November, 2017 Re: Report on Financial Analysis in Q3/2017 Dear: President The Stock Exchange of Thailand L.P.N. Development Public

% 21.4 0.9% 15.4 256.7% Trade and other receivables 39.0 1.6% 56.0 2.4% 17 43.6% Property Development Cost 243.9 9.8% 156.7 6.8% -87.2 -35.8% Investment Properties 520.4 20.8% 518.9 22.6% -1.5 -0.3% Land

construction Baht 8,676.42 million Baht 8,356.43 million Baht 319.99 million 3.83 1.2 Cost of construction 93.61 % 94.30 % - (0.73) 1.3 Sales and service income - Property development - Concrete products and

and service income - Property development - Concrete products and others Baht 105.31 million Baht 193.85 million Baht (88.74) million (45.67) Baht 121.40 million Baht 81.17 million Baht 40.23 million

Sustainability Development Ranking CG Score 1/ CG Score AGM Level 2/ AGM Score Thai-CAC 3/ Thai CAC  3/ Certified Thailand Sustainability Investment 4/ Thailand Sustainability Investment n/a Ranking by Industry

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

1 2017 MD&A: PACE Development Corporation PLC. Executive Summary For the second quarter of 2017, 3-month operating period ended June 30th, 2017 (“Q2 2017”), the total revenues of the Company was