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

comparison indicating maximum, minimum and average returns among mutual funds in the same category and will thus serve as useful information for making investment decision. The proposed rules classify mutual

comparison during year 2019 which is a guideline that can be done according to the requirements of the said financial reporting standards thus group of company choose to adjust list of cumulative happened from

Company’s Performance comparison of 2Q/2019 vs. 2Q/2018 vs. 1Q/2019 vs. 1H2019 vs. 1H2018 UNIT: M THB 2Q2019 2Q2018 % YoY 1Q2019 % QoQ 1H2019 1H2018 % YoY Sales Revenue 3,290 4,236 -22% 2,816 17% 6,106 8,867

million net of tax income from deferred tax assets amounting to THB 356 million. Exhibit 2 : Sales revenue and Adjusted EBITDA breakdown by business unit comparison of 4Q2018 vs. 4Q2017 vs. 3Q2018 vs

growth. In contrast, EDS (Enterprise data service) saw temporary drop in demand from service downgrade during pandemic. Overall, enterprise non-mobile business grew 6 %YoY and accounted for 2.7% of core

Performance Exhibit 1: Consolidated Company’s Performance comparison of 4Q2019 vs. 4Q2018 vs. 3Q2019 vs. FY2019 vs. FY2018 Note: (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and

Reporting Standards No. 9 by Baht 31.74 million, investment in associates increased by Baht 52.08 million. In contrast, long-term loans decreased by Baht 8 million. Thousand Baht Consolidated Financial

Bangkok. In contrast the prices of agricultural products remain at a low level, albeit slightly improved. As a result, consumer spending in the agricultural sector continued to be slow. Sales at HomePro in

2018, HPC recorded gain on exchange rate in the amount of Baht 481.61 million, due to the appreciation of USD currency. In contrast, during the year 2019, HPC had adopted accounting policies for