by Baht 11.33 million or 2.40 % due to the Medical personal expenses increased from the expansion of the subsidiaries. 3.Administrative expenses increased by Baht 29.82 million or 30.84 % due to the

through this channel will help facilitate their business expansion and development as well as foster their competitive edge at domestic and international levels. To this end, more jobs would be created and

Taksin 12/1, Taksin Road, Bukkalo, Thonburi, Bangkok 10600 Tel: (662) 473-7330-40 Tax: (662) 473-7329 บริษัท เอน็ซีแอล อินเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY

หนา้ 1 จาก 5 November 13, 2018 Subject : Management Discussion and Analysis Quarter 3 Ending 30 September 2018 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited

expansion of 5.0% from the end of 2018. SMEs loans were Baht 25,124 million, contracted by 6.1%. SMEs loan comprises of several business sectors including Apartment & Hotel, Logistics, Commercial & Industrial

by THB 25.2 mm or 10.3% from the same period of last year, mainly due to increase in salary, resulting from increase in the number of staff to serve the business expansion. 3. The finance costs in the

period of previous year, and increased by 6.0% to THB 303.1 mm, compared to the first quarter of 2020, which was mainly due to increase in lettable area for both logistics and industrial properties

Page 1 of 5 9 August 2019 Subject : Management Discussion and Analysis Quarter 2 Ending 30 Jun 2019 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited would like

years. The main factors that contribute to the rate hike are to curb financial stability risks and to start building policy space. In the auto industry, expansion continued during 2018 with total number

still expects that the BOT will maintain the policy rate at 1.5% until the end of this year. For the auto industry, expansion continued during the third quarter for both the passenger and commercial