Manager has in place specific measures and has reduced risk exposure significantly, the REIT Manager shall provide further explanation and information on other relevant risks. For example: - risk from non

S&P MD&A 2017 -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P Syndicate

S&P MD&A 2017-Revised Year In Comparison Table -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 04/19 February 27, 2019 Subject: The clarification and analysis of the

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No. NCL-M 21/61 November 8, 2018 Subject: The clarification and analysis of the

to improve as compared to the first quarter. In addition, the Company’s sales continued to increase in several countries, e.g., the United States of America, Indonesia and CLMV ( Cambodia/ Laos

of product prices Decreased due to the economic slowdown As a result of the trade war between China and the United States - The Company had cost of sales of 575.19 million baht or 84.47 percent of

กูหนีท้ี่เก่ียวข้อง (“M&G”) นัน้ บริษัทขอเรียนให้ทราบว่าการเข้าร่วมทนุดงักล่าวได้รับอนุมตัิตามพิธีการ ทางกฎหมายเพื่อเข้าซือ้กิจการดงักลา่วจากคณะกรรมาธิการกลางว่าด้วยการค้าแห่งสหรัฐเมริกา (The United

, through its indirect wholly-owned subsidiary, in Basecamp Brews Limited, a beverage company registered in the United Kingdom, (“BCB”) with the total investment amount not exceeding GBP 10,400,000 (Ten

targeting leisure and business segments from Europe and the United States. Food and Beverage revenue decreased by Baht 46.5 million or 21.2% mainly due to closure of the outlets in accordance with the