revenue 3 Net Profit (Annualised) / Average Total Shareholders’ equity (average of outstanding at end of the same period in the previous year and at end of this quarter) 4 Earnings before interest and tax

, Pathumwan, Bangkok 10330 Tel. 66 2 654 3344 Fax. 66 2 654 3323 Appropriateness of the Funding Structure At the end of the year 2016, the Company recorded total debt to equity ratio of 17.8 times. The interest

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

Million Baht 8 Shareholders’ Equity As of 31 December 2017, Total Shareholders’ Equity was Baht 12,577.0 million, an increase of Baht 5,157.5 million from Baht 7,419.5 million at the end of 2016, mainly

-to-Equity ratio was 0.75x, increased from 0.69x at the end of 2018, while the Net Interest-bearing Debt-to-Equity ratio was 0.64x at the end of 1Q2019, increased from 0.58x at the end of 2018 mainly

Baht 7,338.8 million at the end of 2017, presenting the Net Interest-bearing Debt-to-Equity ratio of 0.64x. As a result, our 3Q2018 EBITDA stood at Baht 780.5 million, compared to Baht 722.8 million in

in the shareholders' equity of 4.72 percent from the previous year. Return on Assets (ROA): The Corporate Group’s ROA increased from 13.16 percent as at end of 2017 to 16.71 percent as at June 30, 2018

in current income tax payable of Baht 15.34 million. The Corporate Group’s total shareholders’ equity as at September 30, 2018 decreased from the end of year 2017 by Baht 6.05 million or 0.30 percent

gross profit margin of 1.68 percent. Earnings Efficiency Return on Equity (ROE): The Corporate Group’s ROE decreased from 21.16 percent as at end of 2017 to 20.78 percent as at December 31, 2018 or a

percent as at end of 2018 to 26.37 percent as at December 31, 2019 or an increase of 5.59 percent, due to an increase in net profit of 35.16 percent but there was an increase in average shareholders' equity