1 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Management Discussion and Analysis 2019 2 March 2020 KEY EVENT IN 2019 In 2019, UWC announced a corporate restructuring, which featured in changing in many

changing in many key management positions and business strategies in order to enhance efficiency and growth. Under new structure, UWC shifted the focus from less competent business such as renewable energy

pandemic has affected Thai economy an early on February 2020, which likely cause a continued changing and dispersed forecast of the GDP growth in the year of 2020 as well as how and when the economic

: Adjusting some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to

. The Company’s net loss has increased by 94.32 million Baht or 172.94%. Increased loss is the result of adjusting up-down price of crude palm oil during 2019, the Crude Palm Oil (“CPO”) price was

October 2017, VGI, as an OOH media operator, has cooperated with advertising guidelines released by Media Agency Association Thailand (MAAT) and DAAT by adjusting all digital screens to display in grayscale

million, adjusting by the change in operating assets and liabilities in the amount of Baht -294.55 million. 5.2 Net cash from investing activities increased cash flow in the amount of Baht 1,105.98 million

Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand : Adjusting some

quarter, delaying open the hotels is mainly from owner readiness. • Education business, Dusit Thani College has been adjusting strategy to increase revenue from Degree program by improving curriculum to be

-month due of loan, the Company will consider adjusting the fixed deposit interest rate anew to be in accordance with the latest rate for such period, announced by each bank. 4. Total value and methods