to welcome its first guests in September and no revenue from operation has been realized in 2Q19 performance. Page 4 of 7 Management Discussion and Analysis 2Q2019 2Q19 operating performance of

amounted to Baht 2,591 Million representing an increase from the same quarter of the previous year by Baht 198 Million or 8.3 percent mainly from the increase in operating expense, repair and maintenance

............................................................... 9 VIII. INFORMATION ABOUT THE ISSUER ................................................................ 9 IX. OPERATING AND FINANCIAL REVIEW AND PROSPECTS ................................. 11 X

% Administrative expenses (9.68) (8.59) 1.09 -11.28% (30.12) (25.84) 4.28 -14.21% Profit from operating activities 26.79 11.03 (15.76) -58.83% 85.23 48.96 (36.27) -42.56% Share of gain(loss) on investments in

to owner of the Company 5,587.60 6,038.55 (450.95) (7.5) Earnings per share (Baht) 3.85 4.16 Fuel Cost 30,302.81 31,344.26 * Restated Increase (Decrease) % 2018 2017 * The operating result according to

profit 27.70 55.84 53.53 Operating expenses 13.98 27.19 44.21 EBIT 13.72 28.64 9.32 Other revenue 0.68 1.30 0.28 Finance cost 0.00 0.96 1.38 Income tax expense 2.98 8.04 2.66 Net profit(loss) 11.42 20.94

share as at December 31, 2019. Liquidity Cash Flow Activities For the six- month period ended June 30, 2020, the Company and its subsidiaries generated cash flows from operating activities of

would like to clarify the change in operating results the year ended December 31, 2018 with details as follows: Unit : million baht Statement of financial position For the year ended 31 December 2018

: President of the Stock Exchange of Thailand Ua Withya Public Company Limited ("Company") would like to describe and analyze the financial position and operating results for quarter 2-2017 are summarized as

% Operating profit 91 17.6% 119 16.7% 133 17.4% 11.9% 46.2% Other income 33 6.3% 45 6.3% 44 5.8% (0.8%) 36.0% Sales profit 1 0.3% 1 0.2% 1 0.2% (0.1%) (2.6%) Finance costs (6) (1.2%) (12) (1.7%) (14) (1.8