handset sale. However, overall consumer spending remained weak and AIS continued to exercise cost measures to minimize effect from slowdown in revenue. Mobile competition slightly improved Amidst weak

expand our 5G coverage which now reaches over 60% of Bangkok’s population with additional footprint in 77 cities for key strategic area and overall covers 16% of Thailand population. Revised core service

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

. As of Sep-21, total number of 5G subscribers reached 1.5mn or 13% of postpaid subs, defining as those specifically signed up for the 5G package due to their willingness to pay a premium for the benefit

Increase (Decrease) 2020 2019 Thousand Baht % 2020 2019 Thousand Baht % Total revenues 423,747 359,564 64,183 17.9 411,639 350,167 61,472 17.6 Sales and service income 421,688 356,062 65,626 18.4 408,381

was seen improving. Moving Annual Total (MAT) March 2018 of domestic RTD fruit juice market was Baht 12,542 million, a decrease of 10% YoY. Meanwhile, the overall domestic beverage market slowed down by

- - 11.4 17.8 6.4 56.1% Sales from Solar Energy Power Plants 3.4 5.0 4.7 4.7 - - 11.4 17.8 6.4 56.1% Total sales and service income 1,314.1 1,386.0 1,467.7 1,559.1 91.4 6.2% 4,987.6 5,726.9 739.3 14.8

1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm

5.2 5.1 (1.9%) 8.5% 13.1 15.6 19.1% Total sales and service income 1,467.7 1,637.7 1,814.8 10.8% 23.6% 4,167.8 5,073.5 21.7% ChangeChange Sales and service income (included revenue from finance lease

trends the introduction of new products with significant added value to customers in certain industrial areas will positively impact overall pricing. Golden Lime Public Company Limited 4 MANAGEMENT