newly capital) Baht 1,160,000,000 or 116,000,000 shares Registered capital (after increase newly capital) Baht 2,030,000,020 or 203,000,002 shares The subscription amount 43,649,997 shares Present par

Rama 2 Company Limited, a subsidiary of CPN where CPN directly holds 99.99 percent of the total issued shares Characteristic of the Investment by CPNREIT At present, CPNREIT has invested in the land and

revenue from such collection has increased continuously throughout the 3rd quarter of the year 2018 until present. Oct 2018 Nov 2018 Dec 2018 Jan 2019 Revenue from write-off of NPLs 1.3 2.2 3.0 4.0 4. The

executed the Share Purchase Agreement with the existing shareholders of Akkrawat Crop Rotation Energy Company Limited (“Akkrawat”) in the amount of 25,000 shares, representing 50 percent of the total

revenues from the manufacturing business accounted for only 4.4 - 9.6 percent of the total revenues as a result of a more intense competition, particularly a more variety of imported products with relatively

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

Results EGCO would like to present analysis of the operation result as follows: Summary of operating results for the year 2017 Unit: Million Baht Power Generation Others Total Change Increase (Decrease

the year 2018 ended March 31, 2018 as follows: Company’s Performance (unit: million Baht ) 2018 (Quarterly) Percentage 2017 (Quarterly) Percentage Total income and other income 5.94 100.00 12.97 100.00

Discussion and Analysis of the Company’s Performance for the three-month period ended March 31, 2020 Baht Million 2019 2020 +/(-) +/(-)% Total revenues 424.05 460.95 36.90 8.70% EBIT 121.10 160.32 39.22 32.39

98.29% -212.90 -25.89% Other income 83.94 12.10% 14.33 1.71% 69.61 485.78% Total revenue 693.51 100.00% 836.80 100.00% -143.29 -17.12% Expenses Costs of sales of immovable property 518.87 74.82% 693.90