position for the first quarter of 2018 with those of 2017. This report discusses principal changes in the unreviewed consolidated financial statements. Overall market environment The Thai economy for the

first quarter of 2018 with those of 2017. This report discusses principal changes in the reviewed consolidated financial statements. Overall market environment The Thai economy for the first quarter of

position for the first quarter ended March 31, 2019 with those of 2018. This report discusses principal changes in the unreviewed consolidated financial statements. Overall market environment The Thai

memorandum. In order to approve this connected transaction from shareholders, the Company is required to appoint Finnex Advisory Company Limited as the Financial Advisor (“IFA”) who is approved by SEC and

Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

up and improve the strategy in order to gain higher sales volume throughout the year, resulting in higher sales volume from Q2 onward. The outcome of strategy improvement and cost control made NCL

, 2019. Such financial statements comprise of the consolidated financial statements and the separate financial statements as compared with the financial statements for the second quarter of the year 2018

. Unanimously acknowledged the Company’s performance for the first half year ended August 31, 2018; 2. Unanimously approved the consolidated reviewed 2nd quarter financial statements and six-month period of the

the Company, at the amount of USD 65 million, or equivalent to approximately Baht 2,138 million, in order to support and strengthen the strategic partnership and enhance the synergies between the

Transaction”). The transaction value is at up to 2.45 percent of total assets of the Company and its subsidiaries. Calculated by applying the Total Value of Consideration Basis based on the three Consolidated