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

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 15 MAY 2019 U CITY PCL 1Q 2019 - MD&A (for three-month period ended 31 March 2019) 1 U CITY PCL 1Q 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by

: Quarterly results  In Q3/2018, the Company and its subsidiary recorded total sales of Baht 1,205 million, a decrease of 20% YoY, mainly due to the drop in export CMG, domestic CMG, and domestic branded sales

by year end 2017. With a total of 170 buildings under management (1,309 digital screens), VGI is currently the largest office building media provider in Thailand capturing most of the market share in

by the gain on sale of Dusit Thani Princess Korat. The Company reported total revenue of THB 5,570 million in 2017, an increase of 2.7% yoy, mainly driven by a gain on sale of Dusit Princess Korat of

Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 201# Page 2 Unit : Million Baht Statement of Financial Position Dec 31, 2017 Jan 1, 2017 Assets Total Assets - Previously

1EBITDA Margin and Net Profit Margin are calculated from Total Revenue Executive S u m m a r y : • The Company reported net profit in Q3/2023 and 9M/2023 of THB 54 million and THB 131 million respectively

income base as evident in the financial performance in Q1. In 2020, the net profit of the Company and subsidiary companies decreases 38.03% from the same period of the previous year as the income from

generate further savings – all in all with an inevitable lower sales volume, but also lower cost base, we expect the per unit EBITDA generation to remain intact in 2020, and as from 2021 onwards we expect to

income. The income base has been expanded to include rental property business as it is one way to efficiently manage the Company’s assets while purchasing power is decreasing as well as to reduce risks