income 32 35 27 Total revenue 3,272 2,751 3,031 Cost of sales of goods 2,598 2,322 2,610 Distribution costs 195 153 179 Administrative expenses 152 180 143 Management benefit expenses 2 3 3 Net foreign

LIMITED SIS: SIS DISTRIBUTION (THAILAND) PUBLIC COMPANY LIMITED SISB: SISB PUBLIC COMPANY LIMITED SITHAI: SRITHAI SUPERWARE PUBLIC COMPANY LIMITED SJWD: SCGJWD LOGISTICS PUBLIC COMPANY LIMITED SK: SIRAKORN

Corporation Public Company Limited SIRI: SANSIRI PUBLIC COMPANY LIMITED SIS: SIS DISTRIBUTION (THAILAND) PUBLIC COMPANY LIMITED SISB: SISB PUBLIC COMPANY LIMITED SITHAI: SRITHAI SUPERWARE PUBLIC COMPANY LIMITED

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

production and distribution of biodiesel from CPO industry, which is the inherent risk that significantly impact on the Company's performance that is the risk of fluctuation in CPO price; mostly caused by the

million) YoY YoY Operating Revenue 251 283 13% 871 1,194 37% Cost of sales (89) (102) 15% (289) (421) 46% Gross Profit 162 181 12% 582 773 33% Other Income 3 4 33% 9 11 22% Selling and distribution expenses

distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond Brand”, as well as effective cost management having resulted in Corporate Group achieving highest

) (5,394.3) (657.9) 12.2 Gross profit 2,828.3 2,679.0 149.3 5.6 Gross profit margin 31.8% 33.2% Distribution and Administrative expenses (1,231.7) (1,131.9) (99.8) 8.8 Operating Profit 1,596.6 1,547.1 49.5 3.2

), the natural gas distribution services, which has its capacity to distribute natural gas up to 2,000,000 MMBTU per year, or 700,000 equity MMBTU per year started the commercial service in WHA Eastern

will also put focus on increasing capacity utilization in the existing coverage areas through more effective sales and distribution channels, while remaining competitive in fibre pricing. We expect