March 31, 2019 amounting Baht 12.49 million increased by 232% for the same period of previous year amounting Baht 3.76 million due to the Company recognized unrealized loss on exchange rate from

% (Q 4/2018) to be 16.08% because of low revenue. But comparing with Q1/2018, the gross profit margin is increased from 12.30% to be 16.08% because of cost down activities in the year of 2018. • The

period ended March 31, 2018 and the three-month period ended March 31, 2019, respectively. The result suggests that the Company’s three-month period ended March 31, 2019 net profits increased by 61.09% on

increasing was attributed to higher domestic sales. Moreover, the Company generated higher export volume, but the Company recognized increased slightly sales revenue from overseas sales resulting from Thai

/ 4  Total revenue of Q1/2019 increased mainly are results of rising in revenue of rice business, while, revenue from food chain and restaurant declined. The main reasons are less travelers in the

-0.07 2.51 0.97 -0.90 -108.78 Change +/(-) Unit : million baht • The revenue of Q2/2019 is increased by 26.85 million baht comparing with Q1/2019 because higher revenue from both domestic market and

the same quarter of the previous year by Baht 63 Million or 1.7 percent mainly from the Si Rat- Outer Ring Road Expressway (SOE) . Other income increased by Baht 60 million or 750 percent mainly from

, but the Company recognized increased slightly sales revenue from overseas sales resulting from Thai Baht appreciation against 3 major currencies (USD, EUR, and AUD) as main revenue structure. Cost of

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

increased 31% are results of volume impact in domestic market and also selling price adjustment to trade, regarding to raw material cost increase. ⚫ Total expenses increase 30% are mainly reflected by