., Ltd. (“Park Origin”) amounting to 3,384,520 shares at the par value of THB 100 per share which is an amount equivalent to 25.29 percent of the total number of shares of Park Origin, from the existing

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

Company and its subsidiaries recorded total sales of Baht 1,174 million, a decrease of 19% YoY, occurred from a decline in domestic branded sales and impacted from financial statement adjustment in

Industrial Waste Property Development Other Income Total Revenues 2019 86.80% 8.06% 5.14% 100.00% 2018 54.12% 7.31% 38.57% 100.00% (1) Revenue from Treatment of Industrial Waste Business Service income for the

and 2020 were 61.3% and 60.9%, respectively, decreased by 2.7% from Q4/2019 and 3.8% from 2019. • The decrease in gross profit margin was mainly due to the reduction in total revenue from sales in a

1H/2021. The increase was mainly due to a higher increase in total revenue than total expenses, as result of the Company’s efficient cost management. E B I T D A a n d E B I T D A M A R G I N : • The

Company’s Board of Directors resolved to approve the disposal of Investment in NINE results in the total highest transaction value of 35.19 percent based on the value of consideration basis, considered as a

2020, deposits grew at a higher rate than loans and, as a result, the ratio of loans to deposits declined from the end of last year. The ratio of non-performing loans (NPL) to total loans is likely to

subsidiary of the Company holding the license and operating transportation business), i.e. disposing 4,999,998 ordinary shares held by the Company in NML, equivalent to 99.99996 percent of the total NML shares

2017, the total revenue from sales and services of the Company and its subsidiary (together referred to as the “Corporate Group”) was Baht 1,092.71 million, which decreased from the same period of