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

/ 2021. The reason for the decrease in income because the main raw material, which is Sweet corn can be harvested late due to inclement weather making it unable to operate at full capacity and fully

, 2014; Davis, and Tama-Sweet, 2012; Ertugrul, Lei, Qiu, and Wan, 2017; Loughran and McDonald, 2020; Baker, Bloom, and Davis, 2016; Ongsakul, Chatjuthamard, Jiraporn, and Chaivisuttangun, 2021; Likitapiwat

in other countries of canned sweet corn and pouched sweet corn. However, the sale price per unit decreased, the severe price competition in the market and Thai Baht strengthen. As a result revenue from

85.76% from Q1 year 2017. The reason was the delay on the shipment to customers in the first two months of year 2018. The main raw materials’ crop, which is sweet corn, was delayed due to the weather. The

with Q1/ 2021, the reason for the decrease because the main raw material, which is Sweet corn can be harvested late due to inclement weather, making it unable to operate at full capacity and fully

interest from 28.49% to 20.56% as a consequence of newly issued ordinary shares of Pimai Salt Company Limited. * Note Please find further information in the consolidated financial statements. 2 Summary of

recorded from the change in the Company’s ownership interest from 28.49% to 20.56% as a consequence of newly issued ordinary shares of Pimai Salt Company Limited. * Note Please find further information in

. Home Sweet Home Episode 1 was first published by the company in late 2017. At beginning of this year, Home Sweet Home Episode 1 joined the promotional campaign with the usual seller of the game, which

million baht for year 2020, 2021, and 2022 respectively. In the year 2022, the Company's sales decreased because the main raw material which is sweet corn can be harvested late due to inclement weather. As