Bangkok” to develop over 23 rais of area on the corner of Silom and Rama IV roads as the city's prime CBD. The project also aims to improve the area’s infrastructure by adding a new thoroughfare to

approximately 7.7 million baht in order to comply with the Labor Protection Act, revised and announced in 2019. The other increase is in area of personnel costs due to salary normally increased year by year and

1Q 2018 MD&A (for the quarter ended 31 March 2018) 5 U CITY PCL 15 MAY 2018 OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE UNDERWOOD STREET UNDER RENOVATION TST

MD&A (for the quarter ended 30 June 2018) 5 U CITY PCL 15 MAY 2018 OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE TST TOWER & 33 GRACECHURCH FULLY OCCUPIED

DISCUSSION & ANALYSIS 3Q 2018 14 NOV 2018 U CITY PCL 3Q 2018 MD&A (for the quarter ended 30 September 2018) 6 U CITY PCL 15 MAY 2018 OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA

percent respectively. The major expenses are mainly in area of personnel costs due to salary normally increased year by year and other administrative expenses. The higher administration expenses in nine

additional one-time employee benefit expenses in the current three months, while such provision was made in the same three months last year. The other increase is in area of personnel costs due to salary

cost of sales was mainly due to the decrease of cost of sales in the mobile business and the reduction of rental cost in the rental area business. This is a result of the implementation of the Thai

respectively. The decrease of selling expense was mainly in area of logistic and marketing expenses. For the period of three months and 1st half ended 30th Sept 2020, the selling expenses were 2.48 percent and

quarter (2Q2020), despite the COVID-19 pandemic and flashfloods in some area in Thailand and Vietnam. The major highlights of our business in the first nine months are as follows: - Fashion business: a