times as compared to 8.9 times in 2017. Please be informed accordingly. Yours Faithfully, (Ms. Natha Kittiaksorn) Chief Financial Officer PACE Development Corporation Public Company Limited

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-002 Subject Management Discussion and Analysis for

RP-AC 002/2018 MAY 14, 2018 Subject: Clarification of the operating results for the first quarter of 2018 To: Directors and Managers of the Stock Exchange of Thailand Richy Place 2002 Public Company

90.13%. Summary of the company's and subsidiaries’ performance are as follows Unit : Million Baht Operating Performance of the Company and subsidiaries For the Year ended December 31, 2019 2018 (Restated

the financial statements for the 2nd quarter ended June 30, 2020 Reference is made to our submission of J.S.P. Property Public Company Limited (“the Company”) reviewed consolidated financial statements

alphabetical order are PTT Public Company Limited (PTT), PTT Exploration and Production Public Company Limited (PTTEP), PTT Global Chemical Public Company Limited (PTTGC), SCG Packaging Public Company Limited

Authority of Chief Executive Officer to determine the final proportion for the Company and/or subsidiary companies to enter into the Acquisition of Trust’s Units Transaction, including any other actions in

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and

U City Public Company Limited (Registration No. 0107537000459) 21 TST Tower Soi Choei Phuang, Viphavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok 10900, Thailand T: +66.2273.8838 F: +66.2273.8858

Microsoft Word - ACC-LT022_E_MDA-Y'1Y (provision) (RW).docx                         WIIK & HOEGLUND PUBLIC COMPANY LIMITED  90 CW Tower A  T + 66 (2) 6128600 Business ID 0107538000151    35th Floor