. Rates and terms are in line with normal business practice following the condition of general trading. (Related parties of the Company served as major shareholders, directors, management, or controlling

1,037.4 million baht, or 9.7% from the total revenues, an increase of 100.0% compared on the same period from last year. Due to a revenues from project management service to joint venture company, (With

services income increasing. The Company acquired non-performing loan by using the budget amount of 2,351 million bath in 9-month period of 2019. Management Discussion and Analysis, Q3/2019 Page3/4 JMT

affected the agricultural sectors which is the main customer of the company. Anyhow, the company still have higher revenue from the sale of Flexible packaging (new production line) compared with the same

No. MVP007/2019 8 August 2019 Subject: Management Discussion and Analysis for the 6-month period ended 30 June 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 10/19 May 14, 2019 Subject: The clarification and analysis of the management

Thailand M Vision Public Company Limited (“the Company”) would like to submit this Management Discussion and Analysis for the three-month and nine-month periods ended September 30, 2020 with details as

2019_Q2_MDA_ENG Ocean Glass Public Company Limited Page 1/4 Management Discussion and Analysis Operating Results 2nd Quarter 2019 Ocean Glass Public Company Limited and its subsidiaries (“the Company

of the Transaction The consideration value is determined from the discounted cash flow method, performed by company’s management, which is in-line with the investment policy of the Company. 8. Expected

revenues from project management service to joint venture company, (With“Nomura Real Estate Development” (NRED)) 3. Gain from transfer of right for land purchase and sale agreements, in the period for year