Pattaya, Phuket and Manila. In 2018, the Company has scheduled three hotel renovation during off season, including Phuket, Maldives and Pattaya, with an estimated CAPEX of THB 255 million to improve the

stores in both models to increase awareness and accessiblity of the Company in the year-end festive season where customer spending is expected to be higher. In Q4/2019, more than 10 pop-up stores are

ผลติไฟฟ้ำจำกพลงังำนลม ในประเทศฟิลปิปินส ์ 29 ลำ้นบำท ผลกำรด ำเนินงำนดขีึน้เนื่องจำกเป็นช่วง High Season และสว่นแบ่งก ำไรจำกธุรกจิผลติไฟฟ้ำพลงังำนควำมรอ้นใต้ พภิพ ในประเทศอนิโดนีเซยี 93 ลำ้นบำท กลุ่ม

medical services during high season. 9. The opinion of the Board of Directors and/or Audit Committee, which is different from No.8 - None – Please be informed accordingly, Yours Sincerely Wattanapat

performance, the ones in Europe are entering the high season and with the major renovation of four hotels completed, this will enhance the allure of the product, driving RevPAR and ADR upwards. Additionally

beds which will be located in the downtown, crowded of Thai and foreigner tourists, may causing the inadequate capacity of medical services during high season. 9. The opinion of the Board of Directors

in HRC market price. In Q2/18, an overall market for Steel industry has dropped as cyclical situation according to a long holiday period in April and starting of the rain season which will result to a

% from 80.8% in the same period as a result of the consolidation of the European hotel business, which was a low season during that period. MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 15 MAY 2018 U CITY PCL

heavier rainfall than the previous year and severe flood in the western region of the Country. Nonetheless, after the rainy season has subsided, the consumers shall return in order to repair their residence

revenue decreased by 12% majority because of ME sale volume, at 84,637 tons, decreased by 6%. The decreasing of sale volume was caused by the rainy season, and a fuel trader brought out its stock that was