2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 2 U CITY PCL • The Company acquired of 50% of the entire ordinary shares of BTS Sansiri Holding Fifteen Limited
conflict of interest under the Notification of Capital Market Supervisory Board No. Tor Jor 39/2559. (4) Details of the assets acquired Ordinary shares of MV, which operates the distribution and installation
Bt363,733mn increasing 3.9% compared to ending Dec-20 due to acquisition of 700MHz and 26GHz spectrum license in 1Q21. Total liability was Bt292,076 increasing 6.4%YoY from newly acquired spectrum. Interest
. As a result, EBITDA in 1H21 increased by 1.1%YoY despite soften core service revenue, offset by cost control in SG&A. With the 700MHz spectrum license and 26GHz spectrum license acquired in 1H21, D&A
subsidiaries outside Thailand. Revenue from Portugal operations increased by 12.7%. The company also recorded increase in revenue contribution from Malaysia operations which the company acquired 60% shareholding
the back of higher operating rates and significant improvement in margins across regions helped IVL achieve this performance. The recently acquired facility in Brazil contributed to only one month of
acquired Ordinary shares of MV, which operates the distribution and installation of the Pneumatic Tube System in the amount of 14,998 shares at a price of Baht 27.20 per share, which is the price as book
transaction size equal to 91.52%, which is based on the criteria of Total Value of Consideration, which is the highest result. Including of the Company does not have any assets acquired or disposed of during
more than Baht 20 million and/or 3.00% of the Company’s NTA pursuant to the Connected Transaction Notifications. 4. Details of Assets to be Acquired The Company will acquire not more than 49,260,075