4_MDA Year2019 EN -Translation- No. ECF2 007/2020 February 28, 2020 Subject: Management Discussion and Analysis of the year 2019 ended December 31, 2019 To President The Stock Exchange of Thailand

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 04/18 February 20, 2018 Subject: The clarification and analysis of the

(reversal of allowance) for impairment of assets 0.8 0.1% 5.6 0.8% 4.8 600.0%   JAS Asset Management Discussion and Analysis for FS2017 Page2/4 2016 2017 Change MB % MB % MB % Profit before Expenses 106.0

% 5.6 0.8% 4.8 600.0%   JAS Asset Management Discussion and Analysis for FS2017 Page2/4 2016 2017 Change MB % MB % MB % Profit before Expenses 106.0 18.9% 184.3 24.7% 78.3 73.9% Selling Expenses 43.5 7.7

Management Discussion and Analysis Q1/2019 Page 1/4 JAS Asset Public Company Limited - Translation - IR62/006 8 May 2019 Subject: Management Discussion and Analysis, 1st Quarter Ending 31 March 2019

: 0107556000248 No. (SUTHA-SET) 025/2017/Eng 11 August 2017 Subject: Management Discussion and Analysis of the Company and subsidiary for the three-month period and six-month period ended 30 June 2017 To: The

29_MDA Q3_62 EN -Translation- No. ECF2 041/2019 November 14, 2019 Subject: Management Discussion and Analysis of the 3rd quarter ended September 30, 2019 To President The Stock Exchange of Thailand

1 Ref: AC.034/2019 4 November 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2020 G Steel Public Company Limited Page 1/3 Management Discussion and

Discussion Analysis FS2017 Page 2/7 Jaymart Public Company Limited 2016 2017 Change MB % MB % MB % Total Expenses 1,694 15.8% 2,098 16.6% 404 23.8% Operating Profit 782 7.3% 1,109 8.8% 327 41.9% Finance Cost