. (“the Company”) and its subsidiaries earned revenue from rendering of goods and services THB 45,535 million, an increase of 3% YoY and a decline of 7% QoQ, net profit THB 395 million; of which net profit

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 04/19 February 27, 2019 Subject: The clarification and analysis of the

upgraded the company rating for the Bank and Phatra Securities to “A” from “A-”. The consolidated net profit for 2Q19 totaled Baht 1,471 million, an increase of 19.7% from Baht 1,228 million from the

increase of 19.7% from Baht 1,228 million from the previous quarter of 1Q19. When comparing yoy, the net income for 2Q19 declined by 5.2% comparing to net profit of Baht 1,551 million during 2Q18. The

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

the first runway and the second runway D) Apron Taxiway for passengers and cargo transportation E) Air Freight and Logistics Center F) Public utilities prepared by contractual party G) Ground services 2

The COVID-19 crisis has an impact on waste increase in Thailand. From the report of the Pollution Control Department (PCD), Ministry of Natural Resources and Environment, it recently found that

developed into residential project for sales. 2. To approve the increase in capital paid up of Takuni Land from 1,000,000, Baht to be 150,000,000 Baht, by issue new ordinary shares 1,490,000 shares with par

challenging for exports but we are continuing to push into high value segments where the overall costs including logistics allows us to compete. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND

CAZ (Thailand) Company Limited (“CAZ”) , a subsidiary of Takuni Group Public Company Limited, on the Market for Alternative Investment (mai). CAZ also expects to increase its capital by issuing new