includes translation adjustment and cash & cash equivalents of subsidiaries which classified as assets held for sale (THB mn) MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A

No. KorThor. 3/2551 Re: Additional Determination of Type of Juristic Person Classified as Institutional Investors _____________ By virtue of Clause 3 and Clause 9 of the Derivatives Act B.E.2546 (2003

Retail on the Stock Exchange of Thailand through the big lot trading process as soon as the stock exchange opens for trading. The transaction size of divestment of shares in WG is classified as the

products and services, our staff members can offer customers advisory services along with products suited to their needs for increased business efficiency. In this quarter, we assisted our clients in the

by The Mandarin Hotel Public Company Limited (“Mandarin”). This transaction is classified as the connected transaction with the following details: The transaction date : After the approval from the

subsidiary ( Casa Ville Co., Ltd.) to sell land without building to Land and Houses Public Company Limited. This transaction is classified as the connected transaction with the following details: Transaction

, has resolved to approve a subsidiary ( Casa Ville Co., Ltd.) to sell land without building to Land and Houses Public Company Limited. This transaction is classified as the connected transaction with the

. KorThor 6/2547 Re: Additional Determination of Type of Juristic Person Classified as Institutional Investor. By virtue of section 3 and section 9 under the Derivatives Act, B.E. 2546 (2003), the SEC hereby

Agreement 4. Size of transaction : Baht 8,380,000.00 Term of Services : 12 months The above transaction is classified as a connected transaction which supports ordinary course of business under normal

transactions are less than 15% of the total assets of the Company and this transaction is not classified as a connected transaction. Yours sincerely, Mr. Itthirit Wipoosiri Managing Director