.pdf hedging, once deducting those costs, net gain was Baht 302 million 16 management consisting of 22 mutual funds and 3 property funds. PASSET’s market share in terms of mutual fund was 1.3%. In 2Q18

Europe, together with the THB 123mn gain from the MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 3 U CITY PCL disposal of

quarter 3 of 2016, Thai Speedy Management Public Company recognized gain from disposal assets with Baht 1.02 Million. Selling expenses decreased by Baht 1. 16 million from bidding expenses, due to the

quarter. Management income grew by 23mn or 53.7% YoY. Other income dropped by 37.4 % YoY or THB 96mn to THB 160mn, mainly from lower gain from exchange rates comparing with the same period of the previous

the increase in total production cost, the company and subsidiary still could generate the Cash Margin which indicate that the Company was well in operation management. Net gain on foreign exchange rate

income from the hotel business in Europe, being partially offset by interest income from loans to Sansiri JV and a gain on sale of assets. MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 14 NOV 2018 U CITY PCL 3Q

Asset Management business, the Bank sold non-performing assets (NPAs) totaling Baht 1,378 million and had gain of Baht 703 million. In the Financial Market business, the Bank generated revenue of Baht 301

from Asset Management business totaled Baht 801 million. Meanwhile, the Investment business recorded revenue, when including comprehensive loss, had total gain of Baht 99 million. The consolidated net

hedging, once deducting those costs, net gain was Baht 302 million 16 management consisting of 22 mutual funds and 3 property funds. PASSET’s market share in terms of mutual fund was 1.3%. In 2Q18, PASSET’s

12 million for the quarter. 3 Meanwhile, EDT had gain on investment totaling Baht 305 million. 4 Additionally, there were other investment incomes from treasury and liquidity management, resulting in