Management Discussion and Analysis For the Annual Operating Results 2018 Ended December 31, 2018 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the vision

liquidity risk of operating cash flow under the COVID 19 situation. In addition, the Company has received soft loan facility of 5,000 million THB from Government Saving Bank in Thailand and 68 billion MMK

LIMITED No. NCL-M 22/17 Aug 10, 2017 Subject: Management Discussion and Analysis of Financial Positions and Operating Results of NCL INTERNATIONAL LOGISTIC PUBLIC COMPANY LIMITED and subsidiary for 6 months

1/2 L-WAVE ENT 20/2020 15 May 2020 Subject : Management’s Discussion and Analysis for the first quarter 2020 operating results with variation greater than 20% compared to the same period of 2019 To

May 7 ,2020 Dear Director and The Manager of SET Re: Clarification on the Operating Result of Quarter 1/2020 and the Appointment of Auditor Thai economy of quarter 1/2020 tends to shrink from the

November 13 ,2020 Dear Director and The Manager of SET Re: Clarification on the Operating Result of Quarter 3/2020 Thailand economy’s condition of Quarter 3/2563 was continued to shrink by domestic

Pursuant to the SEC’s rules, all Thailand ESG Funds are required to invest in companies operating sustainably and receiving SET ESG Ratings as eligible assets* at an average proportion of at least 80

The current situation regarding investment scams through online channels has become increasingly concerning and has caused widespread harm to the public. Various deceptive tactics are being used

situation and will be utmost benefit for the company in the future. However, IFA has an observation that AM?s service fee should be based on operating profit or net profit, and it should not be charged if GJS

for COVID-19. However, the epidemic of the virus was controlled in time by The Thai government, which has implemented a number of preventive measures to combat the situation, such as closing certain