page1 from 4 13 May 2020 Subject : Management Discussion and Analysis Quarter 1 Ending 31 Mar 2020 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited would like

Revenue from owned hotel was THB 4,382 million in 2017, decreasing by 4.5% from 2016, contributed by • Owned hotels in Thailand reported a decreased revenue of 4.5% from the previous year, mainly

tons, significant increase by 4.6% compared to 2017. The region with most production in 2018 was Asia (including China, but not including the Middle East) 1,271.1 million tons; where China alone had

accumulated world crude steel production in 2018 was 1,808.6 million tons, significant increase by 4.6% compared to 2017. The region with most production in 2018 was Asia (including China, but not including the

period in 2018. The region with most production was Asia (including China, but not including the Middle East) 312.9 million tons, an increase by 7.0% over the first three months of 2018. The second most

million tons, up by 4.9% compared to the same period in 2018. The region with most production was Asia (including China, but not including the Middle East) 660.2 million tons, an increase by 7.4%, The

as one of 325 organizations with anti-corruption action. • GPSC received Asia’s Best CEO and Best IR Company awards from Corporate Governance Asia for second consecutive year On 8th June 2018, the

Nation U Co., Ltd., the subsidiary of the Company, and change in the accounting policy regarding the record of the land valuation To: Director and Manager The Stock Exchange of Thailand (SET) Attachment

., a subsidiary of the company, recorded a revenue of THB 890 million (+17% YoY, +11% QoQ), an increase from the previous year due to the gradual commencement of Solar Power Plants both in Thailand and

and China. Thai economy outlook in 2020 is expected to grow under its potential, the Bank of Thailand estimates GDP growth at 1.5% to 2.5% from a slow pace of export, the drought circumstance and corona