Bangkok, 23 February 2017 ? The SEC has launched the Investment Governance Code (I Code) as a guideline for responsible and sustainable investment management of institutional investors. The seven

Management Discussion and Analysis For the third quarter and nine-month ended September 30, 2020 (Unreviewed) Kiatnakin Phatra Bank Public Company Limited Investor Relations Email: investor_relations

management of NCL International Logistics Public Company Limited and its subsidiaries (the "Company") on the Company's financial statements for the 9 months ended 30 September 2019 that changed more than 20

and international economic situation, political situation, household debts as well as demand-supply imbalance. In Q2/2019, the LTV (Loan to Value) measures are enforced. Business operators thus need to

Management Discussion and Analysis, Q1/2020 Page 1/4 JMT Network Services Public Company Limited - Translation - Ref: IR63/009 13 May 2020 Subject: Management Discussion and Analysis, 1st Quarter

+ number of days), shall be specified. However, the management company may disclose additional relevant information in the remark section. 12. Fees (inclusive of value added tax, specific business tax or any

บริษทั ไฮโดรเท็ค จ ำกดั (มหำชน) Method Formula Calcution Value 1.) Net Tangible Assets NTA of HSMC x Holding Percentage NTA of Company Cannot be calculated due to the HSMC will be set up on 15 July 2015 2

gross profit margin for 2018 was 47.4%. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine

management believes that the reduce cost to net realisable value is adequate in the current circumstances. Source of fund Unit: Million Baht 30 June 2017 31 December 2016 Increase (decrease) % Variance Current

1 Ref: AC.004/2018 26 February 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating