AUG 2020 U CITY PCL 2Q 2020 - MD&A (for three-month and six-month period ended 30 June 2020) 5 U CITY PCL OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE OFFICE

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

of 638 keys (5 hotels). The increase was partially offset by the discontinuance in operations of the 1,421 keys (9 managed hotels). OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA

(for the year ended 31 December 2019) 3 U CITY PCL OFFICE SEGMENT Acquired Office Building at Noble Ploenchit 14 June 2019 The Company acquired a 4-storey office building with total area of 4,446.72 sqm

a 4-storey office building with total area of 4,446.72 sqm from Noble Development Public Company Limited (Noble) at total investment of THB 800,000,000. MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14

follows: Revenue by segment Revenue Cost Gross Profit 2018 2017 2018 2017 2018 2017 1. Event organizer 166.8 151.7 15.1 96.0 68.4 27.6 70.8 83.3 -12.5 2. Media and Agency 60.3 34.9 25.4 33.6 25.4 8.2 26.7

the business environment by closed 8 departments which have accumulate loss in year 2019. Moreover the Company has promotional activity, made an advertisement in each area for increased sale

estate segment - 800.0 (800.0) (100.0%) Revenue from E-Commerce segment 0.1 3.1 (3.0) (96.8%) Revenue from real estate rental and service related segment - 5.7 (5.7) (100.0%) Revenue from trading of

or 26.61% from the same period last year, which can be described by business segment as follows: Industrial and OEM (B1) Revenue in this segment increased by Baht 20.84 million or 126.84% compared to

. After 5G consumer service had been launched in 4Q20, the operators were focusing on providing superior 5G service quality and coverage to capture high value segment and uplift ARPU. 5G adoption during