(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2018 1 Significant events 1. On March 30, 2018, Bangkok Expressway and Metro Public

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

- Translation - Management Discussion and Analysis for Interim Business Operations ผลการดําเนินงานสําหรับงวด 3 เดือน สินสุดวันที 30 มิถุนายน 2560 ( หน่วย : ล้านบาท ) 2560 2559 เพิม/(ลด) % รายได้จาก

- Translation - Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended M arch 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc. / (Dec

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

Management Discussion and Analysis (MD&A) for 2019 Page 1/5 - Translation - J63/002 25 February 2020 Re: Management Discussion and Analysis (MD&A) for 2019 To: President The Stock Exchange of

. Income from Management Business 267.32 225.79 18.39% 524.45 445.58 17.70% (One project is completed in the first half of 2019, namely, Lumpini Ville Sukhumvit 76) 4. Total Main Income 1,673.70 2,283.40

MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31 December 2019) 1 U CITY PCL 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by 53.4% YoY

Translation Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2019 (Unit : M ill ion Baht) 2019 2018 Inc./(Dec.) % ( R es tated

management of residential projects • Residential projects that are completed and transferred to customers at 7 locations, namely ESCENT Rayong, ESCENT Chiangmai and ESCENT Khonkaen where all units have been