management of the financial structure, resulting in the increase of the liquidity of the Company, accommodating the need for the cash flow of the Company by its demand. 4. Description of Asset to be disposed

repay the short-term loan from bill of exchange and for working capital 7.2 This asset disposal will help reduce the risk from managing capital structure, making the Company receive working capital

related to the restructuring of the holding structure of the Company. MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 14 NOV 2018 U CITY PCL 3Q 2018 MD&A (for the quarter ended 30 September 2018) 3 U CITY PCL 15

, from 3Q18 onward AIS along with other operators have rebalanced pricing structure to ease impact on ARPU. As a result, AIS’ s mobile revenue for FY18 was Bt124,601mn, softly growing 1. 3% YoY. While 4G

November 2003 (as amended) (collectively, the "Notifications on Connected Transactions”) Chote Pittayachai 3 Co., Ltd., shareholding structure information as of 18 July 2019 Note * Attorney of debenture

due to THB appreciation. CAPITAL STRUCTURE As of 31 December 2019, U City’s total Interest-Bearing Debt was THB 17,595mn, decreasing THB 2,749mn from THB 20,344mn in 2018. The decrease resulted from the

ratio increased from 65.6% to 76.0% in 3M 2020. The increase in cost-to-sales ratio was mainly driven from the full-quarter consolidation of International Advertising segment. VGM’s cost structure is

% 27.58% 25.10% Profit attributable to owners of The Company 13.26% 11.26% 12.51% 11.52% Revenue Structure Breakdown by Type (Unit : Million Baht) 2Q2020 2Q2019 % Change Revenue Proportion Revenue

10,330 million and unappropriated retained earnings decreased THB 4,218 million. Capital structure As of June 30, 2020, the Company's capital structure comprised of total liabilities of THB 185,282 million

cause damage, financial insufficiency and defective or improper business operation; (2) the applicant’s shareholding structure clearly reflects the power of controlling shareholders and their interests