S&P MD&A 2017-Revised Year In Comparison Table -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock

Inform the Board Resolution to register a subsidiary company in SET - Translation - UAC.CS/006/2018 March 23, 2018 Subject: Plan to spin-off Subsidiary Company to be listed in mai To: The President

Estate Development (7,596,616.13) (5,023,051.54) Total (15,057,738.14) 7,926, 042.00 Garment Business: Total sales in garment business in Q2/2019 were 357,240,124.17 Baht, compared to 401,838,049.00 Baht

associates in Q2/2016 amount 117,189,289.96 Baht Property development business: Total sales in property development business in Q2/2017 were 19,458,834.00 Baht, compared to 38,935,000.00 Baht of sales in Q2

increased 9,279,710.61 Baht Property development business Total sales in property development business in Q1/2018 were 20,666,000 Baht, compared to 14,059,000 Baht of sales in Q1/2017. It increased 6,607,000

decreased 14,331,420.50 Baht Property development business Total sales in property development business in Q3/2017 were 16,712,500 Baht, compared to 21,560,000 Baht of sales in Q3/2016. It decreased 4,847,500

increased 102,704,312.22 Baht. Property development business: Total sales in property development business in year 2018 were 52,616,668.85 Baht, compared to 72,853,834.00 Baht of sales in year 2017. It

increased 33,165,485.02 Baht Property development business: Total sales in property development business in Q2/2018 were 7,644,000 Baht, compared to 19,458,834 Baht of sales in Q2/2017. It decreased

Development (1,968,095.47) (1,416,107.45) Other businesses (766,755.92) (10,800.00) Total 42,222,680.87 7,582,618.63 Garment business: Total sales in garment business in Q3/2018 were 593,153,096.49 Baht

year due to the decrease in revenue from property development business in Patong, Phuket. In the fourth quarter of the past, the Company has invested in two property development businesses industrial