MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 1 U CITY PCL 1Q 2020 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by

the year 2023, is as follows: Revenue from sales and services amounted to THB 3,747.82 million increased by 4.50% Gross Profit amounted to THB 340.67 million increased by 8.28% Net Profit amounted to

mainly by the drop of revenue from sales and services, resulting from temporary closure of hotels, schools, and food/catering outlets. The impact was lessened from the Company’s continuing efforts from

profit of 548 MTHB, decreased by 406 MTHB or -5.4% of net profit margin comparing with Q1 2018. This decrement was mostly caused by lower products’ spread margin across all products together with the

decrease of (38.55) million baht or (14.48%) because in the current spread of Coronavirus Disease 2019 (COVID-19) which affects business and other factors uncontrollable. 2. Revenues from sale amount of 1.32

postponement or temporary suspension of PVD contribution to employees or employers who are affected by the COVID-19 spread. This measure aims to lessen the expense burdens and prevent PVD cancellation by

and REITs and the submission of financial statements and the auditor’s reports on PVDs amid the spread of COVID-19. The meeting has passed the following resolutions:   1.  Exemption for the holding of

Due to the spread of the COVID-19 pandemic, securities companies and derivatives intermediaries have to allow their employees to perform duties from home and provide operational systems and

from deferred tax for the amount of THB 28.6 million. The net amount after amortization was 24.1 million in year 2017 Revenue from Hospital Operations Revenue from hospital operations in the fourth

follows. Performance Analysis For the Quarter 2-2017, the Company and its subsidiaries had total revenue of 304.05 million baht, an increase of 48.00 million baht or 18.75 percent, with the total net loss