Microsoft Word - 2019-Q4_MDA_Eng_R2.docx   No. CAZ 004/2020 28 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 Attention: The President The Stock

Esthetics under Trademark “Wuttisak” Attn. to: President The Stock Exchange of Thailand Refer to: Letter of FVC Ref. No. SET-2560-025 “Transaction to Acquire Franchise Wuttisak 25 Branches from Total 113

” 25 Branches from Total 119 Branches in order to Operate Medical Service Business for Healthcare and Esthetics under Trademark “Wuttisak” Attn. to: President The Stock Exchange of Thailand Refer to: 1

3344 Fax. 66 2 654 3323 No. PACE IR2019/001 Date: 28 February 2019 Subject: Explanation of the Operating Results for the year ended 31 December 2018 changing over 20% To: The President The Stock Exchange

Stock Exchange of Thailand PACE Development Corporation Public Company Limited (“the Company”) would like to report the operating results for the year ended 31 December 2018. The details are as follows

President The Stock Exchange of Thailand PACE Development Corporation Public Company Limited (“the Company”) would like to report the operating results for the third quarter of the year 2018 ended 30

from transferring advance under the construction contract to construction in progress as significant. Liabilities As at June 30, 2018, the Company and its subsidiaries had total liabilities of Baht

Explanation and Analysis Report of the Financial Positions and Result of Business Operations To : President of The Stock Exchange of Thailand The Explanation and Analysis Report of the Financial Positions and

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