บริษัท เอน็ซีแอล อนิเตอร์เนชั่นแนล โลจสิตกิส์ จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED No.NCL-M 12/18 May 10, 2018 Subject: The clarification and analysis of the management

previous year. Increased by Baht 70.98 million or 24%, partly due to the recognition of revenue of WICE Logistics (Hong Kong) Limited and Euro Asia Total Logistics Company Limited for this year. And

overseas had better inform caused the gross profit from logistics services had increased from the last year 15.27% In year 2018, the consolidated financial statement includes the manufacture and distribution

Express Logistics. Pte. Ltd. added and the company has increased profit. So the income tax expense also increased. Net profit for the three-month period ended March 31, 2017 was 24.18 million baht, compared

-month period Ended March 31, 2019 and March 31, 2018, equal to 480.92 million baht and 385.75 million baht, respectively, increased by 95.17 million baht or 24.67 percent. Euro Asia Total Logistics Co

equals 167 .78 million baht and 155 .55 million baht respectively, increased by 12 .23 million baht or 7 .86% respectively due to the recognition of revenue from WICE Logistics (Shenzhen) Company Limited

2017 amounted to 354.46 million baht and 204.06 million baht, respectively, an increase of 150.40 million baht or 73.71 percent. Expenditures from WICE Logistics (Hong Kong) Limited) at an increased cost

Freight in 2017 is 46% , down from 49% in 2016. Air Freight revenue in 2017 is 33%. Increased by 29% compared to 2016 , and the revenue from logistics services in 2017 was 21% , down from 22% in 2016. Cost

Page 1 of 5 August 14, 2018 Subject : Operating Result Quarter 2 Ending June 30, 2018 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited would like to clarify the

Euro Asia Total Logistics Company Limited is a company operating transboundary business Therefore there is a relatively high cost of investment in tractor units Resulting in increased management costs