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

บริษัท เอน็ซีแอล อนิเตอรเ์นช่ันแนล โลจสิตกิส ์จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 13/20 May 13, 2020 Subject: The clarification and analysis of the management

due to higher freight rates and higher number of shipments compared to the same period of previous year. Financial Cost In the three-month period ended 30 June 2017 and 2016, total financial cost of the

as mentioned above and lower Gross Profit Margin from 36.1% in Q1/ 2019 to 35.1 % in Q1/2020 as a result of a higher related freight charges added to production costs; - SG&A including Interest

lower Gross Profit Margin from 34.9 % in Q2/2019 to 34.3 % in Q2/2020 resulting from a higher related freight charges added to production costs and an unfavorable product mix; - SG&A including Interest

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

 Rabbit card  Rabbit LinePay  3) LOGISTICS – PARTNERSHIP WITH THAILAND’S LEADER IN PARCEL DELIVERY AND EXTRACTING SYNERGIES FROM NEW MARKETING SOLUTIONS   VGI GLOBAL MEDIA PLC 2018/19 SNAPSHOT

Date Month Year  October 1, 2018 - September 30, 2019 1 year period 2. Party Concerned: Tiger Distribution and Logistics Co., Ltd that has registered capital amount of Baht 20,000,000. Its core business

17 Paper and Printing Materials 18 Fashion 19 Transportation and Logistics 5,400.00 3 https://dividend.sec.or.th/stat-report/OFFER_DEBENT_EN.xlsx OFFER_DEBT_SHORT_EN.xlsx Materials and Machinery 15

Property Development 16,153.90 10 17 Paper and Printing Materials 18 Fashion 19 Transportation and Logistics 5,400.00 3 https://dividend.sec.or.th/stat-report/OFFER_DEBENT_EN.xlsx OFFER_DEBT_SHORT_EN.xlsx