Total Logistics Co., Ltd., which has services to manage land transportation across the border. Is the main income 4. Revenue from logistics management services for the three-month period ended 30 June

Offeror : Thai Beverage Logistics Company Limited | Date of submission of the Statement of Intention : 14/09/2011

Offeror : Thai Beverage Logistics Company Limited | Date of submission of the Statement of Intention : 21/09/2011

Offeror : Thai Beverage Logistics Company Limited | Date of submission of the Statement of Intention : 28/09/2011

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

Sales and Service 2,425.0 97.7 2,852.6 97.6 Franchise Fee Income 56.5 2.3 69.6 2.4 Revenue from Main Businesses 2,481.5 100.0 2,922.1 100.0 Cost of Sales and Service 1,878.7 75.7 2,218.5 75.9 Gross Profit

from Main Businesses 710.6 100.0% 724.1 100.0% Costs of foods and beverages 253.0 35.6% 263.5 36.7% Other operating expenses 287.1 40.4% 294.1 40.6% Costs of Sales and Service 540.1 76.0% 557.6 77.0

logistics. Selling Expenses Selling expenses increased from THB 68.0 Mn in 9M17 to THB 81.4 Mn in 9M18, an increase of THB 13.4 Mn or 19.7%. The main factor for the increase was increased marketing expenses

and (2) increased service cost of outsourced warehouse and logistics. Selling Expenses For the 9 months ending 30 September 2017 and 2018, selling expenses increased from THB 68.0 Mn to THB 81.4 Mn

56.11 million baht respectively, an increase of 71.44 million baht or 127.32 % as a result of recognition The income of Euroasia total Logistics Co., Ltd., which is the main cross-border land