S&P MD&A Q3-2017 -1- Ref. POL. 136/2017 November 13, 2017 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

. This is expected to generate income and profit to the Company, then, makes the Company gain much more improved financial position and operating performance that leads to value-added contribution to the

to core business of the Company. This is expected to generate income and profit to the Company, then, makes the Company gain much more improved financial position and operating performance that leads

baht due to the restructuring of the company's new marketing and international debt of approximately 60,000 SGD. 2. Legend Shipping (Thailand) Co., Ltd. the operation performance improved from the year

million baht in loss compared to the same period of the previous year, which had loss 59.57 million baht. The details as follow: Performance Analysis (1) Revenue Quarter 3-2019 the company and its

profit of Baht 49.20 million which decreased by 34.17% comparing to the net profit of Baht 74.74 million in the first 9 months of 2016. The aforementioned changes in the financial performance are

and equipment sourcing and import. Analysis of Financial Performance Revenues Business categories Operated by For the three-month period ended 31 March Changes Increase (Decrease) 2018 2017 THB mm % THB

(Unreviewed) as follows: Performance Overview In the first quarter of 2018, the net profit was 363.54 million baht, an increase of 117.73 million baht or 47.89% from the same period of the prior year. The total

) as follows: Performance Overview In the first quarter of 2018, the net profit was 363.54 million baht, an increase of 117.73 million baht or 47.89% from the same period of the prior year. The total

results for the year 2019, the Company would like to provide the clarification of performance which was increased more than 20% compared to the previous year. For the year 2019, the operating results of the