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

economy continued to expand. The main growth drivers were continued expansions in merchandise exports which expanded in various product categories and export destinations, and the swift recovery in tourism

OHTL Public Co., Ltd. and its subsidiaries Management Discussion and Analysis for Three-Month Period Ended 31 December 2017 (Unit: Thousand Baht) 2017 2016 Increased/(Decreased) % Occupancy 52.2

. Details are stated in Analysis of the Cash Flow Statement.  Net Trade Account Receivable increased by THB 866 million, as the company’s Account Receivable expanded from an increase in crude sales. As for

Chinese. Meanwhile, level of domestic economic activities gradually increased, though not accelerating. Consumption and investment of private sector steadily expanded consistent with the improving consumer

Sri Ayutthaya, Chachoengsao, Rayong and Diana Hat Yai Branch. In addition, the Company has expanded new channels especially e-commerce through owned official platforms, Facebook: FN Outlet, Line

response the strategy for “CONVENIENT ECONOMY” the Company has expanded the customer base to both online and offline market for customers convenient. Additionally, the company has extended the products such

shall be increased if customers bought device with package. Trend of AIS Sim subscribers increase in line with compensation package increase Oct 2018 Nov 2018 Dec 2018 Jan 2019 The number of SIM 9,053

MACO’s media network and expanded its presence nationwide. The expansion increased MACO media capacity by more than 55% from THB 900 (pre-consolidation) to THB 1,400mn. 2) The launch of 1st phase of CBD

According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the second quarter of 2018 expanded by 4.6%, decreased from 4.8% in the previous