MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 14 AUG 2018 U CITY PCL 2Q 2018 MD&A (for the quarter ended 30 June 2018) 1 U CITY PCL 15 MAY 2018 2Q 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue rose

as follows: The entering into the Marketing Support Service Agreement between Dream Islands Development 2 Private Limited ("DID 2") (a subsidiary of the Company having 99.99 percent of total issued and

, comprising 1 transaction which is the disposing of Subsidiary’s Land and Buildings of Rich Asia Industry Company Limited that have the total highest transaction value of 40.27 percent based on the value of

but not limited to Undertaking Agreement. The highest size of Disposition of Assets Transaction is not exceeding THB 1,503.80 million or equivalent to 36.39% pursuant to the total value of consideration

Total revenues * 3,695.63 4,387.88 (692.25) (15.8) 8,202.41 8,402.21 (199.80) (2.4) Total cost and expenses * 3,163.18 2,211.89 951.29 43.0 5,686.11 4,522.99 1,163.12 25.7 EBITDA 1,926.64 3,043.75

) Consolidated Financial Statements Increase (Decrease) Separate Financial Statements Increase (Decrease) 2019 2018 thousand % 2019 2018 thousand % Total revenues 1,648,292 1,610,968 37,324 2.3 1,606,649 1,529,168

launch in the fourth quarter of 2024. Overall, the company continues to maintain steady growth in both sales and profits. 2. Significant events and developments The company has a total of 1 1 5 branches

and its subsidiaries’ operating results for the quarter ended March 31st 2018 Unit: THB Million Q1/2017 Q4/2017 Q1/2018 YoY QoQ Total Revenue 43,995 46,306 44,226 1% -4% Accounting EBITDA 4,075 3,494

total revenue of THB 1,621 million, a decrease of 9.5% from 4Q17, contributed by decrease in revenues from the absence of Dusit Princess Korat Hotel and Other income. Earnings before Interest, Taxes

relevant licenses Baht 62,020,000 Baht 62,600,000 Machinery and equipment for manufacturing business, including relevant licenses Baht 12,400,000 Baht 14,164,702 Total Baht 74,420,000 Baht 76,764,702