receivables amounted Baht 11.34 million or 38.48% due to receiving value added tax refund from the Revenue Department for the year. - The increase of net property, plant and equipment amounted Baht 105.48

, primarily due to decrease in withholding tax refund and retention receivables. • Inventories increased by Baht 21.46 million, primarily due to raw materials for engineering service and trading business. The

41.98 million due to withholding tax of investment in machine of the Company’s subsidiaries was on processing for tax refund which was Baht 44.42 million. 4. Restricted bank deposits decreased by Baht

value of deposit 50 million baht. And revenue from reversal of tax refund 10.76 million baht Cost of goods sold and services Cost of goods and services in the second quarter of 2019 in the amount of

2.27 Page 3 of 3 million due to withholding tax of investment in building and machine of the Company’s subsidiaries were on processing for tax refund. Restricted bank deposits decreased by Baht 16.09

-minded travelers with authentic local experiences in vibrant destinations worldwide. Each hotel will include thoughtfully-designed, compact rooms with high quality facilities and a vibrant communal space

Muse Group Bangkok Co., Ltd. is in debt to the Company according to the purchase agreement to run the project “Golf European Thailand Classic”. However, the debtor defaulted the refund as stated in the

decreased of 21.26 million baht, compared to the same period in 2016 which was 44.06 million baht because of get a refund from corporate income tax of year 2012 and year 2015. 2.2 Liabilities As of June 30

Baht, and decreased withholding tax refund from the revenue department in amount 20.02 million Baht. Liabilities The net liabilities of the Company and its subsidiary as of June 30, 2017 are of the value

received from withholding tax refund, net cash from operating activities was Baht 221.9 million. U City Public Company Limited (Registration No. 0107537000459) 21 TST Tower, Soi Choei Phuang, Viphavadi