food technology development, and to link culinary operations with its education business. On 3 April 2018, the company launched ASAI Hotels, a distinctive new brand designed to link curious, millennial

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

benefit from structurally improving margins and capturing the volume opportunities. IVL has achieved notable progress on multiple strategic fronts and is increasingly well positioned to deliver sustainable

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

a guidance for companies to evaluate their internal control adequacy. This evaluation form is based on COSO1s framework (The Committee of Sponsoring Organizations of the Treadway Commission) revised

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