percentage of sales has increased from 24.97% in the previous year to 25.71% due to change in product sales mix of general merchandise and the enhancement of directly sourced private-label goods, as well as

statement ended 30th Sept ended 30th Sept July - Sept 2020 July - Sept 2019 Change % Change Apr - Sept 2020 Apr - Sept 2019 Change % Change Revenue from sales & service 518.91 745.69 -226.78 -30.4% 930.49

508 Million representing a decrease from the same quarter of the previous year by Baht 351 Million or 40.9 percent from the effect of COVID-19 outbreak also the change in recording revenue from TTW

estimation of cost causing loss in such project due to various factors i.e. change of materials suppliers causing higher cost, extension of contract causing higher fixed cost as well as its underestimate cost

operating result in 3Q2020, the total transaction amount was Bt9,987mn, increasing 10.1% QoQ. The total usage amount increased from both top up and payment services by bt6,895mn. and the money transfer

acquisition, the Company would get more discount for 5 Million Baht. Also, the seller asked to change the condition as follows, 1. The buyer made a holding deposit of 20 Million Baht for 3 title deeds

1,248 million baht and recognized gain on change in shareholders’ equity of an associate of 1,135 million baht while the same period last year the Company recorded the profit from the sale of land in an

million, increased by 120.46% QoQ. However, UWC recorded net loss of THB 17.64 million decreased by 94.24% QoQ. For the Year 2020, UWC recorded gross margin of THB 112.45 million, EBIT of THB 12.45 million

competitive areas, existing customers were attracted to change an operator by an offering of up to 50% discount for a few months, which caused industry’s ARPU to be pressured. Convergence packages combining

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14 AUGUST 2019 U CITY PCL 2Q 2019 - MD&A (for three-month period ended 30 June 2019) 1 U CITY PCL 2Q 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased