in the automotive industry have recovered. As a result, ocean freight began to resume playing a role in the Company's operating results. Cross Border Service is an alternative service that is very

May 12, 2020 Re : Management Discussion and Analysis for Q1/2020 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

August 11, 2020 Re : Management Discussion and Analysis for Q2/2020 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

Consolidated financial statements (Thousands Baht) Six-month Change 2nd Quarter Change 2020 2019 Amount % 2020 2019 Amount % Revenue from sales 1,165,249 1,068,077 97,172 9.10% 538,525 512,616 25,909 5.05% Other

May 15, 2020 Subject : Management Discussion and Analysis for 1st quarter ended March 31, 2020 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1 Revenues Consolidated

Service For the three-month period ended March 31, 2018 For the three-month period ended March 31, 2017 Add (Reduce) Percentage Sea Freight 142.93 152.88 -9.95 -6.51 Air Freight 160.31 106.90 53.41 49.96

the three-month period Ended 30 June 2019 For the three-month period Ended 30 June 2018 Increase / (Decrease) Percentage Sea Freight 151.36 151.01 0.35 0.23 Air Freight 181.49 193.11 -11.62 -6.02 Cross

” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the three months period ended March 31

as follows Unit : million baht Service For the three-month period Ended March 31, 2019 For the three-month period Ended March 31, 2018 Increase / (Decrease) Percentage Sea Freight 174.70 142.96 31.74

” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the six months period ended June 30, 2018