description of the transaction. The transaction is Acquisition of Asset of Listed Companies, the size of the transaction is 7.51 % of total value of the consideration given or received. The size of the

31,463,835.60 baht or transaction size is equal to 2.94% of the company's net tangible assets (NTA) amount of 1,068.18 million baht, in accordance with the consolidated financial statements as of June 30, 2020

บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED ที่ NCL-M 04/61 วนัท่ี 20 กมุภาพนัธ์ 2561 เร่ือง ค าอธิบายและวิเคราะห์ของฝ่ายจัดการของ

ก () (LPN https://market.sec.or.th/PUBLIC/MRAP/MRAPFile.aspx?FILESEQUENCE=0&FUNDNAME=TISESG&FUNDCOMPRUNCODE=MF... 22012327.pdf ., manufacturing, property , and logistics. EBITDA expands in low-single

include Thailand’s strategic location, the EEC project, investments in transport and logistics infrastructure, the promotion of 10 targeted industries, policies that promote advances in production

Acquisition Transaction, the Company will be the shareholder of Hero Experience holding shares equivalent to 32.5 percent of the registered capital. Based on calculation of the transaction size, the

Acquisitions or Dispositions”). Size of the transaction by the highest value based on total considerations (Translation) Page 2 of 2 method is equal to 13.37%. When taking into account all other asset

, 2004 (collectively the “Notifications on Acquisitions or Dispositions”). Size of the transaction by the highest value based on total considerations (Translation) Page 2 of 2 method is equal to 13.37

calculation of the transaction size, the transactions have a maximum size in aggregate of 40.18 percent according to the calculation by the size of the total value of the consideration paid, (including

Company Calculation of Transaction Value according to the 4 basis under Notifications on Acquisition or Disposal No Basis for Calculation Formula Transaction Size 1. NTA Basis Divested Portion (90%) x NTA