Equity ratio2 stood at 0.92 times as of 30 June 2019, decreased from 0.94 times as at end of 2018 1 Backlog include only sold units with sales and purchase agreements 2 Calculated from interest-bearing

: The second project launched this year under the Sansiri JV with a total project value of THB 2,697mn, 820 units and an average selling price per unit of THB 3.3mn. 12 October 2018: Extraordinary

accounting policy and reclassification  1 Backlog include only sold units with sales and purchase agreements Management Discussion & Analysis ( - translation - ) For operating result of 4Q/2019, ended 31

2018 U CITY PCL 1Q 2018 MD&A (for the quarter ended 31 March 2018) 2 U CITY PCL 15 MAY 2018 30 March 2018: The Company completed the disposal of units of a commercial building and accompanying land at

selling ” means selling securities without possessing securities. “ ETF units ” means investment units of ETMF or units of foreign ETF . “ units of foreign ETF ” means shares of investment company or unit

without possessing securities. “ETF units” means investment units of ETMF or units of foreign ETF. “units of foreign ETF” means shares of investment company or unit trust issued by foreign ETF. 1 The law on

in form of company or trust under foreign law. “short selling” means selling securities without possessing securities. “ETF units” means investment units of ETMF or units of foreign ETF. “units of

), 29 food courts, 7 office towers, 2 hotel properties, 1 residential property (totaling 11 units), and 3 real estate properties for sale (totaling 1,227 units), which includes the properties transferred

units of the ETF fund and securities which are components of the underlying index of the ETF fund; (13) “ETF fund” means an ETF fund pursuant to the Notification of the Office of the Securities and

shares, bonds, bills, sukuk, share warrant, bond warrants, derivative warrants, certificates representing interest from Thai securities underlying and REIT units; (4) “securities underwriter” means a