industrial waste to energy power plant project located at Ratchaburi Industrial Estate and operated by Progress Interchem (Thailand) Co., Ltd. (“Interchem”) with a contracted capacity of 4.0 MW (an installed

High Net Worth investors and 3) tentative issue date in May 2018 Progress on development of solar projects in Vietnam BGRIM has agreed to develop large-scale solar power plants with an installed capacity

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Issuance of

, the largest under- development solar project in ASEAN, and Phu Yen TTP (Phu Yen Project) with an installed capacity of 257 MW in Vietnam have construction progress of 60.7% and 50.0% respectively. Both

Q4’2018 EDL PPA 15.0 MW / 25 years % Progress (as of 31 October 2017) 36.8% Progress on track B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis ABBREVIATION ADB Asian Development

MW, the largest under- development solar project in ASEAN, and Phu Yen TTP (Phu Yen Project) with an installed capacity of 257 MW in Vietnam have construction progress of 94.3% and 87.5% respectively

1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 4, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654 3344 Fax. 66 2 654

above-mentioned letters; and any further progress shall be informed to SET appropriately. From the aforesaid signings, HHC shall be entitled to operate “Wuttisak Clinic in the Zones as follows, totaling

characteristics to other existing debt securities, except for their core objective of financing projects that contribute to environmental conservation and/or social development. These products therefore are not

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 2019: A remarkable year with 40% capacity