Revenue Structure

The business relationship between the Siam Pan Group and its subsidiaries is as follows: - SPG will act as the distributor for all the two products manufactured by its two subsidiaries. This includes both domestic and export sales (mainly to Laos, Cambodia and Burma). SPG utilizes its own sales force in its channel of distribution. The subsidiaries also can bypass SPG and deal with the customers directly but only in the case when customers are original equipment manufacturing (OEM) - related or are foreign importers.