platforms, the Company’s focus has shifted from relying solely on adspend to capturing greater market share of marketing budget as well as riding on the growth of the e-Commerce. While previously VGI was

the 9M18 core service revenue growth of 3.9% YoY, reflecting timid market growth, we revised down FY18 core service revenue growth to increasing +3.5-4.5% YoY from 5-7% YoY previously. However, EBITDA

per warrant and a conversion ratio of 1 warrant for 0.01 ordinary share (from THB 0.06 and 1 warrant for 1 ordinary share previously). MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 14 NOV 2018 U CITY PCL 3Q

previously recognized as handset loss will be reallocated between device sales and service revenue weighted by fair market values of the handset price and full-contract price plan. As a result, device sales

years’ service (previously 300 days’ wages). The Company recorded the difference of accumulated expenses from previous years from such the law amendment in the Q2/2019 Profit and Loss Statements in the

rate in 2009 following the Hamburger crisis. The Committee assessed that the Thai economy would expand at a lower rate than previously assessed and lower than its potential due to a decline in exports

tax exemption for Insurance compensation, partially offset with the recognition of previously unrecognized tax. 10. Total adjustment to earnings, pre-tax was THB 3,359 million for the year ended

. The Committee viewed that the Thai economy would expand at a slower rate in 2020 than previously forecasted and much further below its potential due to the outbreak of coronavirus, the delayed enactment

other income amounted 15.3 million Baht compared previously year 18.1 million Baht. In Year 2018, Gain on sale of land and structures held for future development in amount of 167.8 million Baht and Gain

result in an inability to acquire the benefits to Company and for shareholders as when the investment was previously approved. In such case, it is viewed that the Company shall terminate or sell the