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

DCORP 024/2019 May 14, 2019 Subject Report on the overall operation for first quarter of the year 2019 ended March 31, 2019 and the decrease in the overall operation more than 20 percent Attn President

DCORP 042/2019 August 13, 2019 Subject Report on the overall operation for second quarter of the year 2019 ended June 30, 2019 and the decrease in the overall operation more than 20 percent Attn President

District, Ratchaburi Province with Electricity Generating Authority of Thailand. The agreement is effective from the execution date until the 25 th year from the commercial operation date. The project is a

shall have a clear scope of work and shall not combined with other units which will lead to conflict of interest; □ (2) Procedures in controlling person in and out of the unit responsible for custody the

unit responsible for custody of private fund assets shall have a clear scope of work and shall not combined with other units which will lead to conflict of interest; □ (2) Procedures in controlling

In the past, SEC had been approving securities business operators to assign outsourcing in other operations related to businesses for the effectiveness and flexibility of the operation. Business

have managed to drive productivity and delivered our services with better efficiency in the use of resources. Gross Profit As a combined result of improved revenue and reduced cost of services, we booked

approach of the business operation of the Company is based on the sufficiency economy philosophy as well as good corporate governance. The above strategy and business principles have continuously promoted

because Euro Asia Total Logistics Company Limited is in the beginning. The beginning of the operation Therefore has a high investment cost and administrative expenses Therefore resulting in a decrease in