Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

management of NCL International Logistics Public Company Limited and its subsidiaries (the "Company") on the Company's financial statements for the 12 months ended December 31, 2018 that changed more than 20

of Thailand Enclosure : 1. Financial Statements for the Second quarter ended June 30,2019 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Reviewed

extra income for the organization in order to achieve sustainable growth. The gross income of the Company and subsidiary companies in Q2/2018 is 2,283.40 million THB, increasing 12.02% or 245.10 million

goals. Hence, determination of regulations on supervision of derivatives clearing houses, efficient use of information technology (IT governance), and implementation of appropriate risk management and

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) (CNES and other subcontractors under facilitation of CNES) is below THB 50 Million, the Management is seeking Board of Directors approval for the project as the total aggregate amount of the project is

February 28, 2020 Ref: SET-2020-003 Re: Management Discussion and Analysis for the year 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its