“Company”) submitted its separate financial statement and its consolidated financial statement for the second quarter of 2020 ended on 30 June 2020 which were reviewed by the auditor. The Company hereby

/(loss) and impairments U City reported total consolidated revenue of THB 526mn in 2Q 2020. This represented a decrease of THB 1,756mn (or 77.0% YoY) from THB 2,282mn in the same quarter of the previous

Periods Ended 30 June, 2020 Page 6 2. Operation performance according to consolidated financial statement Unit : Million baht 2020 2019 2020 2019 Total revenues (excluding fuel costs) 3,695.63 4,387.88

and its Subsidiary (together referred to as “Corporate Group”) would like to clarify on the operating results according to the consolidated financial statements of Year 2018 for the year ended December

Bt613mn increasing 39% YoY mainly due to a revenue recognition of expired cash cards and other fines. Finance cost was Bt5,302mn increasing 25% YoY due to the deferred interest from spectrum licenses

basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Company and its subsidiaries immediately recorded commission as selling expenses when the

value of investments in the amount of 6,487 million Baht and recorded such investments in the consolidated statement of financial position as at December 31, 2017, and recorded loss on impairment of

company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years (year 2016-2019), the Company’ s consolidated total assets has grown at an

recognition according to TFRS 15 will be realized once the business has accomplished its obligations. Therefore, the Company restated its financial statement as of the 1st January, 2019, with effect of the

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In 2018, East Water Group had total consolidated sales and services income of 4,220.99 million Baht, decreased by 87.05 million Baht or 2.02% compared to 2017