MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019 U CITY PCL 2018 MD&A (for the year ended 31 December 2018) 1 U CITY PCL 15 MAY 2018 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue swelled by 56.6

quarter 2019, the total revenue from sales and services of the Company and its Subsidiary (together referred to as the “Corporate Group”) was Baht 1,250.98 million, which increased from the same period of

Statements of the 3rd Quarter Ending September 30, 2019) (1) Overall Operating Results For the 3rd quarter 2019, the total revenue from sales and services of the Company and its Subsidiary (together referred

issuer before the investment. The detail of transaction is as follow; Items 1 2 3 4 5 6 7 Date of transaction 7 March 2019 21 March 2019 22 March 2019 9 April2019 2 April2019 1 April2019 9 May 2019 Total

April 2019 9 May 2019 Total Description of Advances Advances P/N P/N P/N P/N P/N 2991/14-15 อาคารวิสทุธานี ถนนลาดพร้าว แขวงคลองจัน่ เขตบางกะปิ กรุงเทพมหานคร 10240 โทร.(662) 793-3999 โทรสาร(662)793-3944

with 9 title deeds of total areas of 5-1-05.8 Rai (2,105.08 Square Wah) located at Rop Wiang, Mueang, Chiang Rai from three sellers; Central Land & House Complex Co., Ltd., C P T Hotel and Resort Co

and buildings with 9 title deeds of total areas of 5-1-05.8 Rai (2,105.08 Square Wah) located at Rop Wiang, Mueang, Chiang Rai from three sellers; Central Land & House Complex Co., Ltd., C P T Hotel and

Million % Revenues Sales 16.60 23.14% 16.94 23.05% (0.34) (2.00%) Service and rental income 54.92 76.56% 54.92 74.75% 0.00 0.00% Other income 0.21 0.30% 1.62 2.20% (1.41) (86.85%) Total revenues 71.73

of 2.6%(y-o-y) while the total flights increased by 1.3%(y-o-y) to 75,879 flights. For the nine months of 2019, the growths of aviation fuel services volume and total flights of thus two main airports

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In the first half of 2017, East Water Group had total consolidated sales and services income of 2,249.07 million Baht, increased by 16.36 million Baht or 0.73