PhatcharadaJutaprateep, and Mrs. Kanokwan Wannabuit, who were responsible for the operation of PPPM involved in publishing such information by knowing that PPPM had insufficient liquidity to repay principal and interest

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation

loss from investments (25.58) - Net loss (31.32) (43.05) The performance of Absolute Yoga Co., Ltd., the associated company, has improved from the full operation of new studios opened in 2018 along with

Management’s Discussion and Analysis For the Financial Results of Quarter 2 Year 2017 Ended June 30, 2017 1 ABBREVIATION ADB = Asian Development Bank COD = Commercial Operation Date EBITDA = Earnings

“Company”) would like to provide the clarification on the business operation for the 2nd Quarter of the year 2017 ending 30 June 2017. Total Revenue The Company has the total revenue of Baht 128.10 million

operation in Q1/2016 and had more revenues gradually. - Management fee income in Q3/2017 amounted 8.38 million baht decreased by 8.04 million baht or 48.96% from 16.42 million baht in Q3/2016 due to the

Australia’s National Electricity Market (NEM). The Project has also entered into EPC Contract, Electrical Connection Agreement, Operation and Maintenance Agreement and other related agreements. RATCH-Australia

(the “Company”), would like to notify the Stock Exchange of Thailand regarding the business operation for the year 2017 ending 31 December 2017 as follows; Set up of Subsidiary Company The Company set up

year 2017 as a legal reserve in the amount of 18.10 million Baht and no dividends be paid from the operation of 2017. 2. Resolved for submission to the Shareholders meeting for approve the Company’s