-1- AIT (VP-SEC) 033E/2020 November 10, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q3–2020 To: The President of The Stock Exchange of Thailand Summary of Operations

-1- AIT (VP-SEC) 030E/2019 November 7, 2019 Subject: Management's Discussion and Analysis of Operating Results for Q3-2019 To: The President of The Stock Exchange of Thailand Summary of Operations Q3

[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

already registered the changes to the Department of Business Development, Ministry of Commerce on April 17, 2019. In this regard, the Company still uses the same stock symbol “RATCH”. Management Discussion

growth in domestic market at 3.4%, was due to last year forward stock into Q1’18 to prepare for the company name change from private to public company. Joint-scheme with BNK 48 helped uplifting Twelve Plus

percent. To : President, The Stock Exchange of Thailand NCL International Logistics Public Company Limited and its subsidiaries (the "Company") would like to clarify the description and analysis of the

The Stock Exchange of Thailand 1. Overview financial performance of E for L Aim Public Company Limited (“EFORL” or “the Company”) and its subsidiaries (collectively as “the Companies”) for Q3/2018

ที่บชง Page 1 of 5 Ref. Bor Chor Ngor 0413/2019 12 November 2019 Subject: Management Discussion and Analysis for the Third Quarter ended 30 September 2019 To President The Stock Exchange of Thailand

a result of the ability to maintain profitability, the stock buyback, and the Company’s interim dividend payment. Quarter Quarter Quarter 1/2019 4/2019 1/2020 Current ratio 0.63 0.64 0.57 Debt to

: President The Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis of significant changes for the 3-month and 6-month