accordance with Thai Financial Reporting Standard No. 9 Financial Instruments (TFRS9), the bank has considered the expected credit losses in accordance with TFRS9 and notification of the Bank of Thailand. LH

estimating the provision for credit loss. Meanwhile, the Bank has considered additional potential factors from the Covid-19 pandemic affecting the Thai and global economy. The uncontrollable pandemic and the

take into account any fact related to the behaviors or actions of the auditor on a case-by-case basis. In this regard, the factors to be considered shall include: (1) involvement and significance of

of subscribing new shares of OKEA AS in the amount of NOK 939 million (approximately THB 3,618 million). OKEA AS is considered as an associated company to Bangchak. This investment is in the form of a

E_1 Legal_FA_2015_12_29-c A CCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2017 The global economy in the second quarter of 2017 maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the...

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened amid high household debt, whereas public investment and the government’s budget disbursement were aff...

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2018 The Thai economy in the second quarter of 2018 gained further traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see strong across-the-board growth. The business sector remained challenged by new modes of competition...

issued; (2) the acquired real estate shall not be under enforcement of real right or any dispute unless a REIT manager and the trustee have considered and expressed their opinion in writing that such

registering the paid-up capital of the Company), such the Allocation and Offering of the Newly Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme is not considered a transaction

Paju ES. A fuel cell is an electrochemical device that combines hydrogen from natural gas and oxygen to produce electricity and heat. Fuel cells operate without combustion and it is considered as an