Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its subsidiary for the three-month period ended March 31, 2019 Table 1

. 1 Tambon Tarsit, Amohoe Pluag-daeng, Rayong (Translation) 1 KWM 009/2562 August 13th, 2019 Subject : Management Discussion and Analysis the three month-period and six month-period ended June 30, 2019

/2020 is Baht 1,584 million, decreased by Baht 2,475 million or 61. 0% from Q1/2019, due to the Company had received the large amount of payment from significant debtor in Q1/2019 - For the three- month

% from Q1/2019, due to the Company had received the large amount of payment from significant debtor in Q1/2019 - For the three- month period ended 31 March 2019 and 2020, the Company’ s interest expenses

3344 Fax. 66 2 654 3323 No. PACE IR2018/013 Date: 15 May 2018 Subject: Explanation of the Operating Results for the three-month period ended 31 March 2018 changing over 20% To: The President The Stock

6 December 2007 No. PACE IR2018/013 Date: 15 May 2018 Subject: Explanation of the Operating Results for the three-month period ended 31 March 2018 changing over 20% To: The President The Stock

2018 (“Q2 2018”). The details are as follows: Executive Summary The operating results of the second quarter of the year 2018, for the three-month period ended 30 June 2018 (Q2 2018), the Company

. Derived from profit under BOI business at the rate 0.01 Baht per share with total amount of 6,584,343.00 Baht (Six million five hundred eighty-four thousand three hundred forty-three Baht) and Derived from

five hundred eighty-four thousand three hundred forty-three Baht) and Derived from profit under non-BOI business at the rate 0.05 Baht per share total amount of 32,921,715.00 Baht (Thirty- two million

a development project of tourist facilities on Emboodhoo Lagoon in the Republic of Maldives (“Crossroads”), by acquiring interests in a separated head lease, which covers three resorts and an