required to get the approval from the Board of Directors and has to disclose the information to the Stock Exchange of Thailand. (Translation) 2 / 2 The details of the connected persons and the description
persons and the description and scope of the connected persons’ interests : (1) Land and Houses Public Co., Ltd. is a major shareholder of the Company in a portion of 24.98% (as of April 25 , 2019) (2
amounting 5.05 million Baht. 2. Financial status Significant financial ratios in the 2nd quarter ended 30 June Description Unit 2019 2018 2017 1. Liquidity ratio Time 10.02 5.03 7.59 2. Liquidity quick ratio
Public Company Limited (“the Subsidiary”) Employer : The Mandarin Hotel Public Company Limited (“Mandarin”) Transaction description : Renewal of a hotel management advisor agreement which also granted the
period of the last year which have the net profit amounting 27.34 million or increase 63% 2. Financial status Significant financial ratios in the 1st quarter ended 31 March Description Unit 2018 2017 2016
percent. To : President, The Stock Exchange of Thailand NCL International Logistics Public Company Limited and its subsidiaries (the "Company") would like to clarify the description and analysis of the
which have the net profit amounting 32.61 million or increase 64% 2. Financial status Significant financial ratios in the 3rd quarter ended 30 September Description Unit 2018 2017 2016 1. Liquidity ratio
amounting 53.42 million or decrease 26% 2. Financial status Significant financial ratios in the 3rd quarter ended 30 September Description Unit 2019 2018 2017 1. Liquidity ratio Time 11.88 10.21 9.09 2
which have the net profit amounting 36.20 million Baht. 2. Financial status Significant financial ratios in the 1st quarter ended 31 March Description Unit 2020 2019 2018 1. Liquidity ratio Time 7.94 9.43
Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2020 2 Overview Operational Results Between the first quarter of the year 2020 and 2019 (Unit: Million Baht) Description 1st