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

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

. 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

Expenses 0.05 0.56 1020% 0.08 2.29 2763% Q3/2019 VS Q3/2018 9M/2019 VS 9M/2018 >> Increase in selling expenses from the promotion of game: Home Sweet Home 1 prior to the launch of Home Sweet Home 2

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

). This was mainly contributed by the performance of “Fit Fast Firm” project, which drove down raw material and packaging costs (sugar, cullet, and other packaging materials), optimized product formulation