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

of delivery and retail merchandise increased by boosting sales through these channels in response to the changing consumer behavior and later on in response to COVID-19 crisis. Sales of retail

previous year. On the other hand, revenue from sale of RATCH-Australia Corporation Pty Ltd, a subsidiary, increased in the amount of THB 112.60 million, due to the commencement of commercial operation of

- Translation - Tender Offer for Securities (Form 247-4) Of Glow Energy Public Company Limited By Global Power Synergy Public Company Limited (The Tender Offeror) The Siam Commercial Bank Public Company Limited And Phatra Securities Public Company Limited (Tender Offer Preparers) Phatra Securities Public Company Limited (Tender Offer Agent) “This English language translation of the Tender Offer has been prepared solely for the convenience of the foreign shareholders of Glow Energy Public Company...

acquisition transactions of the Company occurring during the past six months i.e.: (1) The Company’s disposal of ordinary shares of Origin Prime 2 upon completion of increase of registered capital to

six months i.e.: (1) The Company’s disposal of ordinary shares of Origin Prime 2 upon completion of increase of registered capital to 589,700,000 Baht, amounting to 28,895,300 shares (par value of 10

for an increased level of production and the Company’s aggressive growth from 2018 onwards; 3) cost from trial runs and start-up of a new production line for some products, driving higher yield loss and

streamlining the offers of prepaid packages. Broadband and Enterprise business remains a strong growth engine Broadband revenue maintained its growth momentum with an increased subscriber base amid a price

1,548 million liters, with the growth rate increased by 4.1%(y-o-y) and the total flights increased by 4.6%(y-o-y) to 75,850 flights. Such the growth were mainly driven by the removal of International

production volumes supported by an increase in capacity utilization of Phase 3 at the new plant. After the Company’s investments undertaken in 2018, available capacity increased in 2H2018, but volume decreased