Ref. POL. 140/2020 August 13th 2020 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P Syndicate Public Company

. The Company has taken seriously into account of the business plan and the Company’s interest and benefit. 3.2 Machinery Purchase Agreement Determining the consideration value is conducted by comparing

the recognition of expenses of food business beginning from its date of investment in January 2019 Directors and Managements’ remuneration The Company and its subsidiaries’ directors and managements

Directors' meeting of the Company, at which the directors who had no interest in the connected transaction attended, had the opinion that the entry into such supporting normal business transaction is

business, featuring both house brand – separate by Apparel under brand Inco, Cheval, Sleep Mate, ETC brand, Non- Apparel under brand Cherish, Prim, Rollica, Cushy, etc., and other brand products. The Company

flow position because debt services declined follow with Availability Payment. For SPP business, total sale volume of 8 SPPs continue to grow but the negative impact from a planned maintenance shutdown

Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND Tel: 02-0195000 18 February 2019 No. ZEN 2562-006 Subject Management Discussion and Analysis for

Granary Public Company Limited and its subsidiaries, would like to present the Management Discussion and Analysis (MD&A) of 2018 as follows: Management Discussion and Analysis (MD&A) Patum Rice Mill and

Seamico Securities Public Company Limited (“The company”) would like to report operating result that has been examined by our auditor for the first quarter ended March 31, 2018 as follows: The consolidated

decorating, moving, including the continuity of business operations due to the main office is located at the same building that the company rent. For your acknowledgment Yours sincerely, - Signed by – (Miss