Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 028/2018 August 10, 2018 Subject : Management Discussion and Analysis for quarter 2-2018 To

investors about STARK’s financial condition and business operation.  At the time of the incident, Chanin held the position of President, Sathar held the position of Chief Financial Officer, Company Secretary

, lower central region and southern region will contribute to solving current traffic problem. According the concept of the Minister of Transport for contribute to solving in the area of Rama2 Road. The

100% 3. Invest in PT. NCL INTER LOGISTIK INDONESIA ( “NCL-Indonesia”) via convertible bond loan agreement with share ratio of 60% All three companies above operate international product transport with

had income from services total amount 452.42 million baht, decreased 8.82 %, mainly caused due to revenue from domestic transport by land. Transfer operations under the operation of the company since

%, mainly caused due to revenue from domestic transport by land has been transferred to be operated under the association company since March 2016, the total revenue is decreased. The impact of the bankruptcy

268.63 million Baht, increased 24.52 %, mainly caused income in year 2018 due to the business merger of domestic transport service by land, which is a subsidiary in late 2017 and merger and manufactures

holding the in-person meeting on the condition that the unitholders have a channel for posting inquiries or requesting clarifications. In addition, a summary of Q&A must be disclosed through an

(section 230) |- Terms and Condition for Information Technology |- Anti-Money Laundering and Combating of Terrorist Financing |- Others   

overseas suppliers materially lower than the actual value to deceive any persons about financial condition and performance of the company with aiding and abetting by Mr. Nakun Sakunchotikarote. The said