salary for Bachelor and Master degree’s requirement for sales representative in which no such basically requirements before. Administrative expenses 46.1 44.9 -2.6% No major change. Total selling and

Gross profit margin 23.8% 23.1% 0.7% 23.4% 23.1% 0.3% Selling and distribution expenses per net sales 6.2% 6.6% (0.4%) 5.8% 6.1% (0.4%) Administrative expense per net sales 10.8% 11.5% (0.7%) 8.6% 8.6

costs. In addition, the Company achieved sales of raw material to Mikka Café franchise, which have lower margins. 12M 3. Selling Expenses: Unit: THB Million Selling Expenses Percentage to Total Revenue

vs Q1/2022YoY • Selling Expenses in Q1/2022 was THB 62 million, increased by THB 5 million or 9% from Q1/2021 mainly due to the increase in variable costs that increase in line with sales, such as

% 13 15 (2) -14% Dividends 185 166 19 12% 185 166 19 12% Total expenses 652 405 247 61% 1,114 761 353 46% Cost of sales 519 311 208 67% 892 584 308 53% Cost of services 4 5 (2) -35% 8 10 (2) -17% Selling

808 Total Liabilities 930 797 817 Shareholder’s Equity 431 445 451 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,979 3,727 3,660 Gross Profit 258 247 263 Operating Profit 131 126 124 Profit for the

Liabilities 936 914 860 Total Liabilities 956 930 873 Shareholder’s Equity 422 431 417 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,646 3,979 2,884 Gross Profit 229 258 186 Operating Profit 113 131 97 Profit

Company and subsidiaries as follows: S&P Syndicate PCL and subsidiaries operating performance for 2nd quarter Ending 30 Jun 2019 Revenue from Sales and Services In the second quarter of year 2019, the

sales (300,548) (84.6%) (286,069) (80.7%) 14,479 5.1% Gross profit 54,511 15.4% 68,457 19.3% (13,946) (20.4%) Other income 3,847 1.1% 143 0.0% 3,704 2,590.2% Selling expenses (7,869) (2.2%) (7,445) (2.1

selling price resulting from the impact of Covid-19 pandemic. However, the total sales volume of Q2/2020 was increased by 16.80% compared to those of Q2/2019 due to the rise in demand of plastic packaging