accomplishment of cost management policy, 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2020 • Gross margin: UWC has recorded gross margin since Q1-2020 due to accomplishment of cost management policy

until the accomplishment of the full installed capacity as planned of which it is scheduled to be completed by the end of 2024. However, the Joint Venture is under the further negotiation with the joint

by 36.1 percent form Q4-2016 because the project has already been delivered and recognized the accomplishment of the project completed rather than those in Q4-2016, due in 2017 the government has

by 36.1 percent form Q4-2016 because the project has already been delivered and recognized the accomplishment of the project completed rather than those in Q4-2016, due in 2017 the government has

transmission and telecommunication tower ratio in Q1-2020 decreased by 43.59% QoQ resulting from accomplishment of cost management policy, • Cost to revenue from sale of electricity ratio in Q1-2020 dropped by

transmission and telecommunication tower ratio in Q1-2020 decreased by 43.59% QoQ resulting from accomplishment of cost management policy,  Cost to revenue from sale of electricity ratio in Q1-2020 dropped by

customers want to buy more ready-made contents to manage the airtime in their own channels. As a result of the consumer habit has changed from watching on television to internet (online), the revenue from

supplier. Cost of Goods Sold • Cost to revenue from transmission and telecommunication tower ratio decreased by 37.62% YoY resulting from accomplishment of cost management policy, • Cost to revenue from sale

such as tour package. Further, in March and April 2020, which is in the Covid-19 situation, more people stay at home and the watching of TV increases accordingly. The change of consumer behavior directly

Nation Multimedia Group Public Co., Ltd. 1858/121-122, 1858/125-128 28th, 30th, 31st Floor, Debaratna Road, Bangna-Tai Sub-District, Bangna District, Bangkok 10260 Tel: 0-2-338-3333 Call Center: 0-2338-3000 Fax: 0-2338-3334 www.nationgroup.com 25 May 2020 Subject : Notification on Resolution of the Board of Directors’ Meeting No. 6/2020, Change of Directors and Directors’ Power, Entering into Disposal of Assets Transaction, and Acquisition of Assets Transaction To : Director and Manager The Stoc...