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

period attribute to equity holders of the Company (45.9) (81.9) 36 44% Revenue Revenue from Sales quarter 1 year 2018 was 285.4 MB increased by 2 MB or 0.7% y-o-y due to explain in each business segment

shares in OKEA, detailed as follow: 3.1 Characteristics Binding Term Sheet in relation to OKEA AS 1. BCPR will agree to subscribe new shares from OKEA in the proportion up to 90% of the increased capital

localized marketing campaigns in prepaid segment remained in selective areas. Adoption of unlimited fixed-speed plans has increased, posting a challenge to uplift ARPU. Recently, more online channels have

profits increased by 51.16% on a period-on-period basis. The net profit to revenue ratios stood at 12.37% and 16.71%, respectively, this increase was related mainly to an increase in revenues. For the 2 nd

per year to USD 150,000 per year. Other conditions shall be in accordance with the existing agreement. Remark: About increased remuneration, the Hwa Fong Rubber Industry Co., Ltd (HFR) consider and

respectively. It is a result of the construction cost increased from the previous year, which was in line with the rise of revenue. The Company's gross profit is 10% for three-month period and six-month period

Baht. The key reason was from the result of the transfer of 58 residences of MahaNakhon project in Q2 2018 which significantly increased as compared to the same period last year. The Company had total

., Ltd. (“KT ZMICO”) of Baht 10.01 million (The Company holds 49.71%). Total revenue of KT ZMICO increased by Baht 55.63 million from brokerage fees and fee and services income. Its total expenses also