amount of share purchase price and Director’s Loan at the time of such ownership transfer shall be still in the limit of THB 315,000,000. After obtaining approval from the Board of Director of the Company

a par value of Baht 100 per share, in order to enhance KTMS’s business potential. The Board of Directors approved a resolution to subscribe for the newly issued share, in the total of 148,626 shares

were part of a certain number of assets to be disposed, which received shareholders’ approval at the EGM held on 4 January 2018 MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019 U CITY PCL 2018 MD&A (for

Extraordinary General Meeting of Shareholders No. 1/2017 for approval of criteria for directors and executives’ remuneration for the year 2017 in the form of bonuses. The details are as follows; 1) Annual

Extraordinary General Meeting of Shareholders No. 1/2017 for approval of criteria for directors and executives’ remuneration for the year 2017 in the form of bonuses. The details are as follows; 3 1) Annual

shareholders and upon certain conditions precedent under the share purchase agreement have been fullfilled. Currently, the status of the project is pending for the construction license approval process of the

obligated to get approval from the Board of Directors and disclose the information to the Stock Exchange of Thailand. 5. Particulars of related person As of December 31, 2018, EKH is a major share holder of

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

6,729 6,486 243 3.7% Gross Profit 895 813 82 10.1% Gross Profit Margin (%) 11.7% 11.1% 0.6% SG&A Expenses 457 456 1 0.2% EBIT before share of profit (loss) from Investment in Associates and Joint Venture

Ltd. (3) Mr. Nuttawut Phowborom and (4) Mrs. Sangduan Ewbamrung (collectively called “Existing Shareholders”) in the number of not less than 14,947,300 shares, at a par value of Baht 10 per share