supporting declaration of identity and additional documents in case of reasonable suspicion concerning investor’s qualifications. Securities company shall revise investor’s information under the first

that the financial support by providing the guarantee or Standby Letter of Credit (SBLC) in the amount of up to USD 50 Million by the Company to IRSL is reasonable and justified considering the slow down

is reasonable The Company had no independent appraisers to evaluate the price. The evaluated price of the land office as at October 9, 2017 is adopted to be the regulation for evaluating the comparison

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 3323 www.pacedev.com Registration No

Board of Directors’ meeting No. 7/2018 held on 7 December 2018, considered that the transaction is reasonable and beneficial to the Company and the shareholders. Please be informed accordingly. Your

securities company shall implement a reasonable measure to ensure that the client -5- understands the rules relating to borrowing of money for purchasing securities or borrowing of securities for making a

. Opinion of the Board of director and Audit Committee The connected transactions of the Company are reasonable in the normal course of business due to all transactions are taking to supporting the business

Board Member and Shareholder 1 0.00% 6. Plan to use proceeds from disposing of assets. Used as working capital of the company. 7. Reasonable and necessary in the transaction On March 19, 2017, at the

company and reasonable. The leased price is related to the market price in the same area. The Board of Directors has therefore adopted a resolution approving the entry into the said transaction. 8. The

directors who have conflict of interest did not join and vote for this agenda. Opinion of the Board of director and Audit Committee The connected transactions of the Company are reasonable in the normal