financial statements only.) Summary overview In the 1st quarter of 2020, the Company organized “ Thailand Mobile EXPO 2020” 35th , on February, 7- 10 2020. Although the event is in start phase of the epidemic

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

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

online channels and call centers. These included SHOP4YOU, Click & Collect, and Same-day and Next-day Delivery. In addition, the Company rolled out marketing and promotional activities through e-commerce

dividend payment (if any); (6) method of payment of money or other assets; (7) issuance and delivery of the entitlement documentation of investment units; (8) preparation of the register of investment units

facilitate a more convenient shopping experience for customers; these include Shop4You, Click & Collect, and Same-day and Next- day Delivery. For our Shop4You and Click & Collect services, as well as the

 pending for customer delivery. The group companies normally write‐off out‐of‐date inventory, and make provision for aged inventory and depletion in the value of fixed assets, if material, each quarter

, Hana's production is based on clients' orders, consequently, the majority of inventory are raw materials, expendable tools and work in process with little finished goods pending for customer delivery. The

customer delivery. The group companies normally write-off out-of-date inventory, and make provision for aged inventory and depletion in the value of fixed assets, if material, each quarter. Inventory days

 are raw materials, expendable tools and work in process with little finished goods pending for customer delivery. The group companies normally write‐off out‐of‐date inventory, and make provision for