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

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

mainly due to the increase in total revenue at a higher proportion than the increase in total expenses. EBITDA and EBITDA MARGIN: • The Company reported Net Profit in Q1/2023 of THB 34 million, increased

to complete the aforementioned assessment within the expected date of 31 January 2018. Flexiglass operates pick-up truck parts and accessories distribution business in Australia where its currently has

of 10 Baht per share with a number of share 2,579,998 shares. After the transaction complete the Company will own a share proportion 60% of the total outstanding share of BB. Such transaction is an

total value of 360 million baht. However, IFA views that the shareholders should not approve the acquisition transactions of LOCKBOX and LOCKVENT shares because SABUY’s current liquidity problem

.  Therefore, the transaction must be approved at a meeting of shareholders by a vote of not less than three-quarters of the total votes of the shareholders attending the meeting and having the right to vote

connected transaction hereunder must consist of at least three-fourths of the total votes of shareholders attending the meeting and having voting right, excluding interested shareholders’ equity