subsidiaries. 1. SUT Global Co., Ltd. In July, 2018, the Company had purchased and accepted a transfer of SUTG Holding Co.,Ltd’s entire business, which owns 132,000 shares in SUT Global Co.,Ltd as at 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

Public Company Limited’s (the “Company”) Board of Directors Meeting No. 6/2023 held on 10 August 2023 passed a resolution to certify the financial statements and the performance for the six-month period

operating results attributed mainly to a decrease in sales revenue, an increase in the cost of goods sold, a reduction in gross margin, as well as the appreciation of the THB. In addition, the Company set

First Quarter of 2019 WHAUP finished our 1Q2019 with a Net Profit of Baht 424.2 million, a 40.8% decrease from 1Q2018 with Normalized Net Profit of Baht 394.2 million, a 15.3% decrease from 1Q2018. 1

from nine operating stores for the second quarter of 2019 was Baht 4,510.60 million, representing a decrease of 3.6% over the same period last year. The main reasons for the increase in net profit were

resulted in a decrease of food and beverage revenues. However, the average room rate increased 6.09% due to the growth of online channels (Both directly through the company website and online travel agent

year, the company sold land and buildings in Bangpoo Industrial Estate 1.5) Revenue from Real Estate Development increase THB 5.95 million. 1.6) Gain of assets decrease THB 163.30 million due from to The

statements for Q2/2019, equal to 556.8 million Baht, a decrease of 73.2 million Baht or 13.2 percent compared to the same period of the previous year. For the six-month period, the Company had selling and

% Tooling and Metal Fabrications Segment 22.33% 20.05% Total 7.69% 19.82% The decrease in net profit margins is a result of the decline in revenue from the Special Cutting Tools segment, while the Company had