grow up together with the property development business which is the company's main business. The company believes that Internal Rate of Return (IRR) is 8.47% per year. 10. The Board of Directors

is a business that can grow up together with the property development business which is the company's main business. The company believes that Internal Rate of Return (IRR) is 8.47% per year. 10. The

1.50 percent to accommodate the recovery path of domestic activity for the remainder of this year. Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and

% % Revenue from hotel operations 279.41 68.61 284.71 51.49 (1.86) 646.47 71.23 666.78 49.31 (3.05) Revenue from property development operations 89.64 22.01 254.35 46.00 (64.76) 204.60 22.54 658.55 48.70 (68.93

from supplying of main construction materials to 1st Phase Development of Crossroads. Compared to 4Q17 performance, revenues from this business declined by 44%, due to sales to 1st Phase Development of

sector which continued to expand. Public spending and private consumption remained to be the main growth drivers. The policy rate remained stable at 1.5%. Central Pattana Public Company Limited (“The

strategy that aims to achieve a compounded annual growth rate (CAGR) in revenue of at least 13% per year. The strategic direction to expand the business through mixed-use development, such as new shopping

171 million Baht. The main reason is the effect from the gain of control in 2 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless

, copyrights, etc. of the DEAN & DELUCA brand were 1,870 million Baht. The main assets were 91% of the total assets. 5 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons

Rayong shopping malls, are under construction. The construction progress Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 9 of 10 Table 3: Projects under development