re-opening the telecom shops in malls. Meanwhile, price competition remained fluid as operators continued offering low-end unlimited data plans in prepaid segment. Despite these challenges, we

& ANALYSIS 1Q 2019 15 MAY 2019 U CITY PCL 1Q 2019 - MD&A (for three-month period ended 31 March 2019) 3 U CITY PCL SEGMENTAL PERFORMANCE 1Q 2019 REVENUE CONTRIBUTION BY SEGMENT 1Q 2019 REVENUE GROWTH

amount consisted of domestic and overseas sales at the proportion of approximately 40:60, respectively. The overseas sales of branded products by own manufacture grew by 27.0% offsetting the drop of 1.7

million or 52.1% due following to: Description 1Q2019 Million Baht 1Q2018 Million Baht Change Million Baht Change (%) Revenue from real estate segment - - - - Revenue from E-Commerce segment 1.26 2.19 (0.93

Baht 1.9 million or 71% due following to: Description 2Q/20 Million Baht 2Q/19 Million Baht Change Million Baht Change (%) Revenue from E-Commerce segment 0.01 1.7 (1.69) (99%) Revenue from trading of

from prior year by Baht 801.9 million or 96.3% due following to: Description 2019 Million Baht 2018 Million Baht Change Million Baht Change (%) Revenue from real estate segment - 800.0 (800.0) (100.0

mobile market remained elevated with continued low-price unlimited data plans, especially in the prepaid segment i.e. 150-200 Baht for 4-15mbps unlimited data. There is also 5G offerings at a lower price

-value customers, causing the drop in acquisition rate. The growth is expected to gradually improve with long-term targets maintained. On the other hand, existing customers showed a continuing ARPU uplift

, Humanica and Tiger will be able to offer a suitable HR technology to every segment of the market from small to large corporations. We will leverage on Tiger’s strong presences and excellence reputation in

, the proportion of cost of goods vs. sales and services income (excluding other income) has decreased. Since the proportionate cost of sales in the engineering and machinery equipment segment is much