2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 2 U CITY PCL • The Company acquired of 50% of the entire ordinary shares of BTS Sansiri Holding Fifteen Limited

conflict of interest under the Notification of Capital Market Supervisory Board No. Tor Jor 39/2559. (4) Details of the assets acquired Ordinary shares of MV, which operates the distribution and installation

. Description of the asset to be acquired Details of Debentures are as follows Asset to be acquired Debentures of Rich Asia Corporation Public Company Limited Characteristics of asset Debentures 55,000 units

Value of Consideration Basis Total Value of Investment of the ERU Project Total Asset Value of the Company 38.2 4. Value of Securities issued by the Company as consideration for the acquired assets Not

customers and accrued interest receivables 251,152,195 212,721,931 38,430,264 18.1 Less Deferred revenue (22,086,038) (19,634,968) (2,451,070) 12.5 Less Allowance for doubtful accounts (10,759,343

Less Deferred revenue (21,937,566) (22,086,038) 148,472 (0.7) Less Allowance for doubtful accounts (10,588,936) (10,759,343) 170,407 (1.6) Less Allowance for troubled debt restructuring (536) (432) (104

1,170,011 (8,143) (0.7) Total loans to customers and accrued interest receivables 255,033,554 251,152,195 3,881,359 1.5 Less Deferred revenue (21,623,457) (22,086,038) 462,581 (2.1) Less Allowance for

and accrued interest receivables 255,324,323 251,152,195 4,172,128 1.7 Less Deferred revenue (21,378,356) (22,086,038) 707,682 (3.2) Less Allowance for doubtful accounts (11,084,546) (10,759,343

1,170,011 (11,078) (0.9) Total loans to customers and accrued interest receivables 255,324,323 251,152,195 4,172,128 1.7 Less Deferred revenue (21,378,356) (22,086,038) 707,682 (3.2) Less Allowance for

accrued interest receivables 234,321,396 212,721,931 21,599,465 10.2 Less Deferred revenue (21,370,545) (19,634,968) (1,735,577) 8.8 Less Allowance for doubtful accounts (10,851,109) (10,573,666) (277,443