1 1. ANALYSIS OF FINANCIAL PERFORMANCE For the 6 months ended June 2018, East Water Group had total consolidated sales and services income of 2,093.08 million Baht, decreased by 155.99 million Baht

Syndicate Public Company Limited (the “Company”) and its subsidiaries hereby submit the Annual Financial Statements, ending September 30, 2018 and 2017, together with the clarification of the performance of

(Decreased) Percentage Remark Sales and Services Income 2,277.55 1,925.12 352.43 18.31% - LPG Trading 773.68 773.35 0.33 0.04% 1 - Transportation 15.98 12.01 3.97 33.06% 2 - Conversion Kit Installation 4.62

Remark Sales and Services Income 686.15 582.93 103.22 17.71% - LPG Trading 195.57 186.44 9.13 4.90% 1 - Transportation 4.18 4.00 0.18 4.50% - Conversion Kit Installation 0.37 0.68 (0.31) (45.59%) 2

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2018, East Water Group had total consolidated sales and services income of 1,045.39 million Baht, decreased by 117.85 million Baht or 10.13% compared to

(Decreased) Percentage Remark Sales and Services Income 563.95 485.78 78.17 16.09% - LPG Trading 189.70 178.97 10.73 6.00% 1 - Transportation 4.72 3.29 1.43 43.47% 2 - Conversion Kit Installation 1.34 1.74

sales channels and new services in parallel to the ‘New Way of Life’ or ‘New and Now Normal’. To stabilize our businesses and retain financial flexibility, cost reduction was one of our measures. The

that are flown Revenue per ASK (RASK) : Income of sale and services of the Company (meaning total revenues from the standalone financial statements net gain on sales of investment, reversal of allowance

ramp services, catering services and international cargo. Consolidated financial statement of the Company consists of Separate Financial Statement and Financial Statements of the 14 subsidiaries that

adding new services on the kiosks to meet customers’ needs and serve more convenient for the customers and also gradually launches promotional campaigns , which has been well received by our customers, in