million, income from fair value adjustment of investment property at year-ended amount of Baht 1.48 million. Cost of goods sold and services (12 months) Cost of goods and services for the year 2019 in the

Financial performances Comparison is as follows: (Unit : Thousand Baht) Consolidate F/S Q3/2018 Q3/2017 Δ% Q2/2018 Δ% Q1/2018 Δ% Revenues from sales and services 534,355 600,393 -11% 469,770 14% 529,514 1

Management Discussion and Analysis, Q1/2019 Page 1/4 JMT Network Services Public Company Limited - Translation - Ref: IR62/007 9 May 2019 Subject: Management Discussion and Analysis, 1st Quarter

Limited would like to clarify the operating results that have changed For the first quarter of 2019, ended March 31, 2019 with the following details Unit : million baht Statement of financial position For

98.3 million Baht, this is the new revenues in consolidated financial statement. Analysis of Cost of Services and Gross Profit In 2018, the Company’s cost of services was 672.4 million Baht higher than

Services Company Limited (the “Company”) Board of Meeting No.1/2019 on 26 February 2019, the resolution to certify the Company’s financial statements and performance for the yearly ending 31 December 2018

interest arising from the loans for investment in the second phase of Hydrant pipeline system expansion project at BKK Aviation Refueling Services 82% Fuel Pipeline Transportation Services 18% Services

period ended September 30, 2018 The Consolidated Financial Statement For the year period of (unit: million baht) Q3.2018 Q3.2017 YoY 9M.2018 9M.2017 YoY Sales and Services 500.65 417.11 83.54 20.03

Syndicate Public Company Limited (the “Company”) and its subsidiaries hereby submit the Financial Statements for the 3 months period and 9 months period, ending September 30, 2017 and 2016, together with the

: Million Baht) Consolidated financial statements Q2’ 2020 Q2’ 2019 % Change Sales and Service Income 333 511 -35 Other Revenue 8 4 100 Less Cost of Sales and Services 276 412 -33 Selling and Administrative