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

shows the commitment of GPSC as PTT Group’s Power Flagship and progress of business expansion in both Thailand and abroad which includes research and develop on the Energy Storage System (ESS) in creating

development Retail Properties to Open in 2018: Residential Projects to Transfer in 2018: Residential Projects to Transfer in 2019: Project Progress Net Leaseable Area (sqm) Domestic Provinces CentralPhuket

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