Management Discussion and Analysis ( - translation - ) For operating result of 2Q19, ended 30 June 2019 Raimon Land Public Company Limited | 14 August 2019 1 / 8 Major Events in 2Q19 and July 2019

Exchange of Thailand U City Public Company Limited and its subsidiaries (the “Company”) has recently submitted the reviewed interim financial statements for the period ended 31 December 2017 to the Stock

Thailand According to the resolution of the Board of Directors Meeting of JAS Asset Public Company Limited ("the Company") No. 1/2020, held on 25 February 2020, had approved the audited financial statements

in accordance to the concession agreement and gain on fair value adjustment of investment. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the

U City Public Company Limited (Registration No. 0107537000459) 21 TST Tower, Soi Choei Phuang, Viphavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok 10900, Thailand T: +66.2273.8838 F: +66.2273.8858

. Excluding this adjustment, the net profit was THB 9.2 Mn with a margin of 1.5%. 6 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Financial

quarter, the Company started to recognize revenue from Power Business (Solar Rooftop Projects) at Baht 1.4 million. Gross Profit and Gross Profit from Operation In 1Q2019, Gross Profit was Baht 183.4

Management Discussion & Analysis( - translation - ) For operating result of 1Q18,ending 31 March2018 Raimon Land Public Company Limited| 14May2018 1 / 5 Major Eventsin 1Q18 and April 2018 February

adjustment of land rental method to be in accordance with TAS 17 (revised 2017) Lease. The Group Company has retrospectively adjusted the consolidated financial position as of 31 December 2017 resulting in an

of Thailand Major Development Public Company Limited (“The Company”) would like to inform total revenues 6,107.92 million baht and net profit 320.97 million baht in the consolidated financial statement