still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

consideration 3. Approved the appropriate price range of the value of assets disposal according to opinion of an Independent Financial Advisor in a total of 1,636.50 - 1,684.50 million baht and set criteria for

corresponding period last year and the weighted average number of vans was at 336 vans up from 265 vans in the corresponding period last year, coupled with the wider range of 3rd party products for distribution

epidemic has caused some businesses in the group to be affected by government policies. To close the mall and the closure of the country from the end of March until the beginning of May to prevent the spread

SET LETTER Q2-2017 -1- Ref. POL. 103/2017 August 15, 2017 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

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

transaction price of THB 924.90 million is within the appropriate price range as evaluated using the Adjusted Book Value Approach, which is equivalent to THB 912.57 – 937.23 million (Details of the IFA’s

(Microsoft Word - MPIC - 4150514765052264 E) -Translation – MPIC 013/2018 August 8, 2018 Subject: Notification of the investment in the distribution company in Cambodia Attn: The President The Stock

7,883 13.5% SG&A 1,446 1,337 8.3% 5,688 4,947 15.0% Selling and distribution expenses 1,002 903 11.0% 3,902 3,498 11.6% Administrative expenses 444 434 2.5% 1,786 1,449 23.3% EBIT 1,004 1,073 -6.5% 3,999

% due to sales orders and cost of goods sold have been decreased and controlled inventories turnover to be less than 45 days. Also, the Crude Palm Oil (“CPO”) price was fluctuated in 2018 (in range of 7