MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14 AUGUST 2019 U CITY PCL 2Q 2019 - MD&A (for three-month period ended 30 June 2019) 1 U CITY PCL 2Q 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased

for the year ended December 31, 2022, which details are as following; Operating results (Consolidated) Y2022 Y2021 % Increase (Decrease) Million Baht % Million Baht % Million Baht % Revenue from sales

increased by 56.0%(y-o-y) and 88.5% (y-o-y) respectively. Due to the growth rate of total revenue in Q3/2019 was of 1. 8%(y-oy) while the growth rate of total expenses was of 13.9%(y-o-y), then the Net profit

Operational Results In the second quarter of the year 2017, the Company had the net profit attributable to equity holders of the Company in the amount of Baht 723 Million representing an increase from the same

quarter of the year 2017, the Company had the net profit attributable to equity holders of the Company in the amount of Baht 940 Million representing an increase from the same quarter of the previous year

quarter ended February 28, 2018 and corresponding period of the previous year, which exceeds 20%. The company would like to clarify as follows. 1. Total revenue is Baht 532.93 million, an increase of Baht

the year ended December 31, 2018 The Company reported net loss for the year 2018 of Baht 195.83 million, comparing with the same period last year which had net profit of Baht 9.87 million, decreasing by

from last year’s net loss of Baht 27 million. Discussion and Analysis of the Company and its subsidiaries Operational Results in Q3/2019 and Q3/2018 Corporate Revenue In Q3/2019 the Company and its

of 2018 to 542.45 million Baht for the year of 2019, representing 56.71 percent, due to recognize revenue according to success of the production line project. - Cost of sales increased from 319.67

. Housing Plc. (“the Company”) would like to report the operating results for the year 2019 ending December 31, 2019 as follows: In 2019, the Company and its subsidiaries reported net profit of Baht 18.67