Microsoft Word - 2005-014EN Management Discussion and Analysis for the Q1 2020 (Ending Mar 31, 2020) Ref. No. 2005/014EN May 13, 2020 Subject Management Discussion and Analysis for the Q1/2020

Microsoft Word - 2008-034EN Management Discussion and Analysis for the Q2 2020 (Ending June 30^J 2020)-Rev (002) Ref. No. 2008/034EN August 13, 2020 Subject Management Discussion and Analysis for the

million or 33% mainly from:  Fee and service income decreased by Baht 2.04 million from mutual fund and private fund management fee of Innotech Asset Management (formerly Solaris Asset Management).  Gain

million baht in 2017 due to the increase in revenue from juristic management and condominium project management. - Gain on change in fair value of investment properties in 2018 amounted 38.49 million baht

service income decreased by Baht 1.85 million from mutual fund and private fund management fee of Solaris Asset Management.  Gain and return on financial instruments decreased by Baht 94.03 million mainly

2018 due to the increase in revenue from juristic management and condominium project management. - Net gain from a fair value adjustment in 2019 amounted 55.78 million baht increased by 17.29 million

Europe, together with the THB 123mn gain from the MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 3 U CITY PCL disposal of

Replacement Cost method by jointly considered among HHC’s and WCIG’s Management. 8. Benefit Expected to Gain by the Company The Company expects such Franchise acquisition shall enable to generate income and

warehouse space. However, the company's gain in exchange rate compare to the same period of last year due to efficient exchange rate fluctuations management. The company's efficient exchange rate fluctuations

84.3 3,588.4 177.3 Revenues from project management - - 603.7 9.1 603.7 100.0 Gain from transfer of right for land purchase and sale agreements - 312.0 4.7 312.0 100.0 Other Income 30.2 1.5 129.0 1.9