percent in the same quarter last year and below the Bank of Thailand’s (BOT) target range of 1-3 percent. Core inflation was 0.53 percent, down from 0.62 percent in the same quarter last year. The average

significant items and financial ratios in the following table based on information shown in consolidated financial statements. In case the Company operates in an industry with specific ratio such as average

and service income to operating income ratio 24.1% 27.3% 24.7% (3.2)% (0.6)% Expense to operating income ratio 39.9% 45.5% 40.7% (5.6)% (0.8)% Return on average assets * 1.17% 1.10% 1.13% 0.07% 0.04

as follows: (i) 100.00% Equity value of SGAH = (Average earnings before interest, taxes, depreciation, and amortization in 2018 and 2019 of SGAH x 6.448) - Financial obligations that, by nature and/or

aforementioned principle is as follows: (i) 100.00% Equity value of SGAH = (Average earnings before interest, taxes, depreciation, and amortization in 2018 and 2019 of SGAH x 6.448) - Financial obligations that

(THB) and the accompanying pages are an integral part of this report. The accompanying pages report the Reviewed THB results and its translation into US Dollars at average exchange rates and closing

U City Public Company Limited (Registration No. 0107537000459) 21 TST Tower Soi Choei Phuang, Viphavadi-Rangsit Road, Chomphon, Chatuchak, Bangkok 10900, Thailand T: + 662 273 8838 F: + 662 273 8858 www.ucity.co.th Ref. No. U.SET 019/2017 October 30, 2017 Subject: Entire business transfer of Unicorn Enterprise Company Limited, capital increase, issuance of the U-W3 Warrants and U-W4 Warrants, issuance and offering of the newly issued preferred shares to be issued and offered to the existing shar...

% 23.5% 23.2% 0.3% Expense to operating income ratio 41.9% 45.8% 44.9% (3.9)% (3.0)% 42.8% 47.8% (5.0)% Return on average assets * 1.06% 1.07% 1.10% (0.01)% (0.04)% 1.09% 1.09% - Return on average equity

surveyed in 13 years, as clear signal of economic recovery has boosted consumer confidence to spend and Optimism over corporate tax cuts have been boosted after Trump signed tax bill. The average daily

manufacturers. Based on the Bank in-house research, new car sales for the year 2018 is projected to grow at 6.0%. In the equity market, the average daily turnover (SET and mai) for the year 2017 decreased 4.6