declined from the end of last year, while the ratio of non-performing loan (NPL) to total loans increased from the end of 2019. The BOT’s Senior Loan Officer Survey indicated that in the first quarter of

beginning of May 2020. In Italy, 9 department stores were closed starting from 12 March 2020 to 17 May 2020. Currently, our stores have been re-opened with strong preventive health measures in all business

result. Regarding the quality of loans, the ratio of Non-Performing Loan (NPL) to total loans slightly increased from the end of 2018 to 3.0 percent. V2 12/11/62 2 The BOT’s Senior Loan Officer Survey

Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2020 Year 2019 Increase / (Decrease) Million Baht % of Total Revenue Million Baht % of Total Revenue Million Baht

dropped from the same period last year as a result of lower revenue from sales and lower net profit comparing to 2Q2019. GFPT Group had total revenue from sales of THB 3,321.06 million in 2Q2020

MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 15 MAY 2018 U CITY PCL 1Q 2018 MD&A (for the quarter ended 31 March 2018) 1 U CITY PCL 15 MAY 2018 1Q 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue rose

2.10 1.32 2.59 196.92 224.29 170.64 NDR Statement Revenue 140.25 148.07 120.92 Profit(loss) from exchange rate 0.53 0.33 0.20 Other Revenue 1.35 1.89 12.49 142.13 150.29 133.59 • Total revenues have

and load factor reported at 47.3 percent. For the six-month period, the Company reported total revenue amounting to 7,352.1 million baht, decreased by 47.0 percent. The downward of total revenue was

) Increase (Decrease) Million Baht Million Baht Million Baht Percentage Total Revenues 841.14 1,265.18 (424.04) (33.52) Cost of Goods Sold and Service 873.94 1,157.10 (283.16) (24.47) Sell and Administration

Version) Increase (Decrease) Million Baht Million Baht Million Baht Percentage Total Revenues 841.14 1,265.18 (424.04) (33.52) Cost of Goods Sold and Service 873.94 1,157.10 (283.17) (24.47) Sell and