liabilities or other obligations. PACE must also disclose the clarification through the Stock Exchange of Thailand (SET) within seven days.With reference to PACE's disclosure through the SET on 28 February 2017

The allegation is a consequence of various complaints lodged to the SEC in relation to the increased debt of THB 26,000 million of EARTH following its submission of the financial statement for the

• Gross profit from sales of real estate was THB 215.8mn, decreased 24.6% YoY, and GPM was 27.9% • Total assets as of 30 June 2018 stood at THB 12,753.0mn, an increase of THB 2,295.0mn • Debt to Equity

66.8% YoY, and gross profit margin was 20.4%, decreased from 29.2% in 1Q17. • Total assetswas THB 12,187.2mn, an increase of THB 1,729.2mn • Debt to Equity ratio2stood at 0.79 times as of 31 Mar 2018

while that of 1H19 was THB 576.2mn. GPM of 2Q19 and 1H19 were 26.1% and 27.8% respectively • Total assets as of 30 June 2019 stood at THB 13,034.6mn and total liabilities stood at THB 7,174.4mn • Debt to

 112.8mn while that of 9M19 was THB 689.0mn. GPM of 3Q19 and 9M19 were 23.3% and 27.0% respectively • Total assets as of 30 September 2019 stood at THB 12,192.2mn and total liabilities stood at THB 6,331.9mn

liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019