Page 1 from 5 Management Discussion and Analysis Performance for Quarter 2/2020 and the first half WICE Logistics Public Company Limited Performance Unit : million baht Statement of financial

to generate good returns to the company. 2.4 The Board of Directors has considered and agreed that the price agreed to sell the investment in the value of Baht 25.50 million, even lower than the

was mainly due to the lower revenues from EMS business and telecommunication business. The Group’s profit for the second quarter of 2018 amounted to Baht 170 million, which was increased by Baht 54

. However, the overall performance of the Company in Q3–2021 showed that the total revenue decreased from Q2–2021 and Q3–2020. Those decreases from Q2–2021 by 572.1 million baht or 27.5% and decrease from Q3

was lower. For the six-month period, the Company has total revenue amounting to 13,451.2 million baht, dropped by 2.7 percent while the number of passengers grew by 3.5 percent. An intense competition

business gross margin represent 60.3 percent lower than the same period last year. Administrative Expenses The Company had administrative expenses for the 3rd quarter of 2019 equal to 104.3 million baht

226.1 MB and THB 131.7 MB respectively. Net profit of the company equal to 24.0% and 14.5% of total revenue in 2016 and 2017 respectively. The reason for this decrease in net profit is due to the lower

183 (15%) EBITDA 27 33 22% 86 90 5% Net Profit(Loss) for the Company (3) (7) (133%) 10 4 (60%) Gross Profit Margin (%) 54.9% 56.2% 1.3% 59.5% 57.7% (1.8%) EBITDA Margin1 (%) 18.6% 23.9% 5.3% 23.6% 28.2

Attachment: Information Memorandum 1 Eureka Design Public Company Limited ("the Company") would like to notify the resolutions of the Board of Directors' meeting, No. 8/2020, 25th June 2020, considered and

are close to the actual cost. However, the mutual agreed price is lower than the appraisal value of both methods which makes the most benefit to the Company. Expected Benefits 1. Initial value when the