continued to grow and signaled future investment. Tourism–related businesses expanded thanks to a growing number of Chinese tourists. On the other hand, expansion of real estate and construction businesses

Property Business: the Company will be able to record the revenue from sales of residential condominium units in the statement of comprehensive income when the real estate project has been completed and

especially in real estate sector. On economic stability, inflation has slowed down due to the decrease in retail petroleum prices. 3. WATER SITUATION As of 26 July 2019, the water supply situation in Chonburi

Holding Company investing in retail business such as mobile phone distribution and accessories, non-performing debt management, real estate development, hire purchase (associated company), personal loan

venture was renamed to Ratchada Alliance; which U City still holds 50% of the ordinary shares. The purpose of this JV is to invest and develop real estate projects for sale. MANAGEMENT DISCUSSION & ANALYSIS

Utilities and services Housing Real estate and construction Agriculture and mining Others Million Baht Loans by Business Type * March 2018 December 2017 March 2017 Change (%) December 2017 March 2017

0.5% 2.0% Real estate and construction 200,467 199,224 202,600 0.6% (1.1)% Agriculture and mining 55,228 53,134 51,498 3.9% 7.2% Others 284,814 285,538 313,565 (0.3)% (9.2)% Total 2,017,314 2,029,810

monitoring impacts of COVID-19 pandemic on our industrial customers' operational plans. In Q3/2020, electricity and steam demand from our petrochemical customers in Map Ta Phut Industrial Estate and our

of last year’s disposal of subsidiaries owning land plots at Bangkrachao; (xi) a decrease in real estate projects under development of THB 620mn. 35,710 46,886 4,352 7,475 40,062 54,361 31 Dec 17 30

. On June 5 – 6, 2020, together with LED, the Company was able to auction out 164 real estate collaterals from its portfolio worth Baht 525,419,000 or accountable for 141 . 19% from the appraisal value