business : 1. Investment in consumer products business 2. Investment in food and beverage business 3. Industrial park development and investment in other businesses Issued and paid-up share capital : Baht

strong network quality. The full-year guidance and outlook for 2018 was maintained as presented on page 6. Significant Events 1. AIS, via AWN, currently holds 81.47% of total CSL’s outstanding share and is

Management Outlook and Strategy May 15, 2017 PACE Development Corporation PLC. CRC Tower All Seasons Place 45th Floor, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Telephone 02-6543344 Ext.119 http

302.67 (61.26) (16.83%) Earnings per share (EPS) 0.22 0.18 (0.04) (16.83%) Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to

enhancements benefitting both the top and bottom line as we expect 2020 to be a more successful year” 2. Outlook Economic growth was approximately 1.6% in Q4 2019 compared to the same period last year with

Profitability Ratios 1Q 2018/19 (Restated) 1Q 2019/20 Liquidity Ratios 31-MAR 2019 (Restated) 30-JUN 2019 Efficiency Ratios Leverage Ratios  MANAGEMENT OUTLOOK

previous quarterly To: The President The Stock Exchange of Thailand Thailand's economic outlook for the year 2018 is likely to be bright. After seeing a clear recovery in the last quarter of last year

Ratios Leverage Ratios  VGI PUBLIC COMPANY LIMITED MANAGEMENT OUTLOOK

share capital” in statements of financial position as of 30 September 2018.  Financial ratios were calculated based on The Stock Exchange of Thailand’s formula. MANAGEMENT OUTLOOK During the past decade

event of a crisis. The outlook for NPLs in the commercial banking system will depend on economic growth spreading to all sectors. However, given its relatively high capital base and regular increases in