Pace Development Corporation Public Company Limited announced that at the Board of Directors' Meeting held on 25 September 2019 approved the establishment of Dean & DeLuca International (Singapore) Pte Ltd., its subsidiary in Singapore by Sep. 2019 to facilitate the restructure and business expansion. The capital contribution will be USD 100, with consist of 100 ordinary shares and par value at USD 1 per share or approximately THB 3,068 (calculated based on exchange rate as of 25 September 2019 at THB 30.68 to USD 1).