fixed rate to increase every 10 years and the Company shall have the duty to invest in improvement of the Second Stage Expressway in the total amount of approximately Baht 31,500 Million to solve the

6 December 2007 1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654

Company. The water utilities business in Vietnam will create the growth to the Company and expand the investment base to foreign countries to serve the business expansion of the Company in foreign countries

(Translation) Pace Development Corporation 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

on the same period from last year. Due to a revenues from project management service to joint venture company, (With“Nomura Real Estate Development” and “ES-CON Japan (Thailand)”), increase as planned

-1 1 Ref. LPN/SorKor/053/2563 13rd February 2020 RE: Financial Statements Analysis Report 2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd. would like to submit

percent 3.0 3.3 3.9 4.0 -0.9 0.2 0.7 1.1 -2 -1 0 1 2 3 4 5 GDP Headline Inflation Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce

year. Regarding Coronavirus Disease 2019 (COVID-19), the pace of growth in investment would be slow accordingly. When comparing the sale volume to the same period in Q1/2019, increased 12.2%. The company

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4

15.5 trillion (approximately US $455 billion). The value of Thailand’s exports in 2017 surged by 9.7 percent, the highest growth rate in six years, to US $235 billion, expanding every quarter for all key