of the Office of the Securities and Exchange Commission No. OrKhor./Nor. 5/2549 Re: Guidelines Relating to Operating Systems of Fund Management Business In order for a management company to comply

of the Securities and Exchange Commission No. OrKhor./Nor. 5/2549 Re: Guidelines Relating to Operating Systems of Fund Management Business In order for a management company to comply effectively with

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

customers. The power plant has already been commercially operating since October 31, 2013. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Page 4 2

shares in 12 companies in Germany and Switzerland with arcona Management GmbH. VHG II will receive rights of operating lease rights of 17 existing hotels under the (i) arcona brand, (ii) arcona Living

SUBSIDIARY MANAGEMENT DISCUSSION AND ANALYSIS (For the Consolidated Financial Statements of the Year Period Ending December 31, 2018) (1) Overall Operating Results For the year 2018, the total revenue from

product life which is based on the generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has appropriate capital management, having prepared operating cash flows

increase of 11.57 percent from the same period of previous year, due to effective management of production cost and selling expenses. (2) Analysis of Operating Results and Profitability (2.1) Revenues from

ที่ กตพ Ref. DBP. 073 / 2019 May 13, 2019 Subject : Clarification on Operating Results for the 1st quarter ending March 31, 2019 To : President The Stock Exchange of Thailand Diamond Building

with Diamond Brand”, as well as effective cost management having maintained good gross profit margin and increased net profit in 2020. (2) Analysis of Operating Results and Profitability (2.1) Revenues