Building Confidence in the Capital Market No. 5/2018 SEC grants a second extension to the submission deadline for PACE clarification of the fair value measurement of its investment Bangkok, 22

%) Adjusted Net Income margin (%) 16% 10% 7% (3%) (9%) 16% 8% (8%) PAGE 2PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Fair Value Measurement of Net Assets from the Acquisition of GLOW As accounting

from Ichinoseki Solar Power 1 GK (ISP1) and the decrease in revenue of solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) following the existing projects. The

due to the decreased in revenue from solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the decrease in revenue from chilled water following the

Building Confidence in the Capital Market No. 127/2017 SEC extends the deadline for PACE clarification of the fair value measurement of its investment Bangkok, 8 December 2017 – The SEC has granted

Building Confidence in the Capital Market No. 115/2017 SEC notifies PACE to clarify the fair value measurement of its investment Bangkok, 16 November 2017 – The SEC has notified Pace Development

million mainly due to the decreased in revenue from Combine Heat and Power Producing Company Limited (CHPP) by Baht 19 million as a result of the lower revenue from solar cell implementation; despite the

expenses Loss from fair value measurement of derivatives 17,773 7,197 15,725 - 13.02 - Net profit (loss) (3,672) (261) (1,306.90)  Revenue from sales and services decreased by 27.24%, this is due to the

consolidated financial statement as of 31 March 2020). When combine the transaction size with those occurred in the past six months, the total size is 19.71%. However, AIS has already disclosed information since

fair value measurement from changes in status of investyment, amount 10.63 million baht and 173.60 respectively. In Q2, 2020 there was no sales of investments in associates.  Cost of sales decreased by