ordinary shares of IGEN Engineering Company Limited (“IGE”) from Electric Solutions (S) PTE. LTD. Company Limited (“ES”) is the amount of 378,000 shares which equal to 14 % of the total paid-up shares of IGE

. The company’s financial position: As of 31 December 2017, GPSC and its subsidiaries' total assets increased by Baht 1,940 million or 3% from 31 December 2016, mainly from the increase in the investments

Inter Company Limited ("S Hotels") (a subsidiary of the Company having 99.99 percent of total issued and fully paid-up shares held by the Company) and/or other subsidiaries in which the Company directly

: Total revenue in Q2/2017 increased by 4% from industrial customers returning from their scheduled maintenance in Q1/2017. Consequently, gross profit increased by Baht 43 million or 5% from Q1/2017. • IRPC

years. The main factors that contribute to the rate hike are to curb financial stability risks and to start building policy space. In the auto industry, expansion continued during 2018 with total number

of the Company and its subsidiaries Q3/2016 Q2/2017 Q3/2017 YoY QoQ 9M2016 9M2017 YoY Total Revenue 36,686 42,828 39,009 6% -9% 104,225 125,832 21% Accounting EBITDA 2,798 2,514 3,580 28% 42% 8,302

contribute to the rate hike are to curb financial stability risks and to start building policy space. In the auto industry, expansion continued during the 11 months of 2018 with total number of car sales at

MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019 U CITY PCL 2018 MD&A (for the year ended 31 December 2018) 1 U CITY PCL 15 MAY 2018 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue swelled by 56.6

Price (Bht./Ton) 18,529 16,348 HRC Cash Margin (Bht./Ton) 1,848 2,427 Unit: million Baht 2017 2016 Gr ou p Total Assets 32,437 32,615 Total Liabilities 20,059 21,747 Total Equity 1,364 10,868 Average

1,336 HRC Average Selling Price (Bht./Ton) 18,529 16,348 HRC Cash Margin (Bht./Ton) 1,848 2,427 Unit: million Baht 2017 2016 Gr ou p Total Assets 32,172 32,615 Total Liabilities 19,781 21,747 Total Equity