MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14 AUGUST 2019 U CITY PCL 2Q 2019 - MD&A (for three-month period ended 30 June 2019) 1 U CITY PCL 2Q 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased

management of residential projects • Residential projects that are completed and transferred to customers at 4 locations, namely ESCENT Rayong, ESCENT Chiangmai and ESCENT Khonkaen where all units have been

of Thailand Enclosure : 1. Financial Statements for the Years ended 31 December 2018 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Audited

Thailand Enclosure : 1. Financial Statements for the first quarter ended March 31,2019 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Reviewed Financial

= Translation = Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended September 30 , 2017 (Unit : Million Baht) 2017 2016 Inc./(Dec

- Translation - Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2017 (Unit : M ill ion Baht) 2017 2016 Inc./(Dec

the unit value is found incorrect by the management company, and submit such report to the fund supervisor by the business day following the date on which the calculation of the unit value is completed

is completed, so that the fund supervisor will certify the information contained in such report by the business day following the date on which the management company has submitted such report to the

value is completed, so that the fund supervisor will certify the information contained in such report by the business day following the date on which the management company has submitted such report to

for certain period as the negotiation by the parties for conclusion of the shareholders agreement required as a condition precedent has not yet completed. The terms of the shareholders agreement being