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

Ft rate increased. The company’s financial position: As at 30 September 2017, GPSC and its subsidiaries' total assets increased by Baht 280 million or 0.5% mainly from the increase in the investments

reported its 2017 consolidated net profit at THB 13,568 mn, an increase of 46.8% from the same period in the previous year (YoY). Total revenues stood at THB 34,594 mn, an increase of 18.3% YoY. Excluding

design, work suspension or delay due to change in construction design Many projects are gradually completed. Concurrently, many new projects that have been signed into contract or about to be signed which

signed into contract or about to be signed which will allow the Company to begin to recognize revenue. 3.2 Revenue from real estate development business has decreased when compared to 2019, by Baht 403.82

, in which the debtor is unable to comply with the contract. The Company filed a lawsuit to the debtor at Thonburi Civil Court. The total amount of the lawsuit was THB 323,296,077.43. The court now has a

result of the total amount of debt. The cases are as follows: 1.3.1 The first lawsuit filed under the joint production contract with the Civil Court. Black Case No. 6168/2560. In this case, the court

period last year ending 31 March 2017 1 Revenue from sales Total revenue from sales amounted to THB 3,350 million, up by THB 666 million or 24.8% divided into the proportion of revenue from domestic sales

transaction under the Notification on Acquisition or Disposal of Assets. Therefore, due to such transaction of Acquisition or Disposal of Assets is exceed 50% of the company’s total assets. The Company has to

first six- month of the year 2017 ended June 30, 2017 as follows: Company’s Performance (unit: million Baht ) 2017 Percentage (%) 2016 Percentage (%) Change increase (decrease) (%) Total income and other