MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 1 U CITY PCL 1Q 2020 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by

of a possible recurrence of the outbreak in Thailand, have led to severe restrictions on inbound and outbound travel. This has resulted in a massive contraction of the tourism industry, as well as the

the follow main reasons. 1. Revenue from hospital operations increased by Baht 102.22 million or 4.52 % due to in 2018 the general patients of Company and subsidiaries increased. 2. Cost of hospital

OHTL Public Co., Ltd. and its subsidiaries Management Discussion and Analysis for Three-Month Period Ended 31 December 2017 (Unit: Thousand Baht) 2017 2016 Increased/(Decreased) % Occupancy 52.2

. Assets increased primarily from impact of the adoption of new financial reporting standards, the acquisition of a new subsidiary and the depreciation of the Thai Baht that affected the value of Company’s

). Revenue has increased 1.26 million baht (ratio 2.45%) due to sale local increased by 0.96 million baht, increasing return estimates 0.46 million baht, rental income increased 0.54 million baht, other

% because of the follow main reasons. 1. Revenue from hospital operations increased by Baht 52.43 million or 8.94 % due to in Q3/2018 the revenue from general patient increased. 2. Cost of hospital operations

%. These caused, revenue from sales of export increased about 26% and revenue from sales of domestic decreased about 11%. Analysis of Profit of company and its subsidiaries The Q3/2017, the company and its

, increased from Baht 341.3 million in the same period of the year 2016 or increased by 23.1 percent due to the same store sales of the company increased by 21.2 percent. The Company’s net profit was increased

caused, revenue from sales of export increased about 21% and revenue from sales of domestic decreased about 12%. Analysis of Profit of company and its subsidiaries In 2017, the company and its subsidiaries