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

) % Total Sales and Services revenue 2,232.71 2,249.07 16.36 0.73% Raw water revenue 1,433.96 1,310.05 (123.91) (8.64%) Tap water revenue 702.23 708.00 5.77 0.82% Rental and services revenue 85.73 82.68 (3.05

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

was exporting new time high because the global price is higher than domestic. In addition, the price of raw materials abroad is higher than in local. However, the Company aware of the price fluctuation

of the existing and new manufacturer's installed capacity. However, the Company aware of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures

opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an

% and was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees and (3) increased sales of retail merchandise. Franchise fee income increased from THB 13.0 Mn

of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO

-Translation- 25 February 2019 Subject : The establishment of Vanachai Logistics Company Limited To : President The Stock Exchange of Thailand According to the meeting of board committee of Vanachai