venture agreement with Tokyo Tatemono Asia Pte. Ltd. to jointly develop a luxury condominium project in Thonglor area, Soi Sukhumvit 38. Management outlook and future projects Despite the bearish outlook

financial strength as the key raw water provider with a comprehensive pipeline network in the Eastern Seaboard area, its high profitability, and reliable cash flows. 9 August 2018, The Board of Director’s

AUG 2020 U CITY PCL 2Q 2020 - MD&A (for three-month and six-month period ended 30 June 2020) 5 U CITY PCL OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE OFFICE

1.5% for a period of 3 months (April – June 2020) for contracts that the subsidiaries’ group of the Company sell bulk tap water to PWA for the Chonburi service area, Rayong service area, Chachoengsao

. Commercial Property: Operation Statistics Operation statistics 1Q17 4Q17 1Q18 Suntowers 1 Net leasable area (sq.m) Occupancy rate Effective rent (YoY growth) 59,047 96% 3% 59,010 96% 6% 58,765 96% 2% Note: 1

46.2% -56.0 -11.5% Cost of Sales 238.2 26.0% 291.8 31.4% 53.6 22.5% Gross profit 156.2 17.1% 169.5 18.3% 13.3 8.5% Profit (loss) Fair value adjustment of investment property -3.6 -0.4% 6.1 0.7% 9.7 269.4

Prime Area 38 Company Limited (PA 38), a subsidiary owning land to Sansiri Public Company Limited on 15 November 2017. 1.2 Operating Expenses The Company recorded total operating expenses for the fourth

in Sathorn 12 and in Prompong area, combinded value of THB 9,000.0mn. 3) 2018Annual General Meeting of Shareholders was held at Eastin Grand Sathorn hotel. The meeting resolution approved dividend

%. The Company increased the project cost estimation because of the problem of delay in handover of work area by the employer, overlapping tasks of the employer and changes and adjustment of the

service area. Cost of Commercial Development business for the first quarter of the year 2020 was at Baht 69 Million, representing an increase from the same quarter of the previous year by 9 Million or 15