follows: (Since the consolidated financial statements included the accounts of the Company and its subsidiaries which the operation of subsidiaries have not yet significant, the Management Discussion and

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019

vision of the management in order to assist investors to better understand the company's financial status and operation. It also supports the "Good Corporate Governance Project" of the Securities and

, an increase of THB 584 Million or 9.0%, comprising of export sales to CLMV market of THB 5,901 million, China of THB 494 million, sales in the UK under the operation of Intercarabao Limited (“ICUK”) of

Company continues to focus on increasing operation and kiosks location management to increase total usage from both current and new customers. In 3rd quarter of 2020, as COVID-19 pandemic continues, despite

. Gross Margin : Lower margin mainly from seaweed price and utilization rate The company’s third-quarter gross margin was 4 3 9 .4 million Baht or 3 1.3 percent of revenue from sales, Decreased by 4.2

) Paid up capital as at the Commercial Operation Date of the first phase of the project. (Million baht) U-Tapao International Aviation Company Limited (“UTA”) 4,500 9,000 Percentage of shares in U-Tapao

capital increase of the Company and its subsidiaries, including clarifying the details of the utilization of proceeds into 3 items by adding the business operation under the Company which operates pocket

annum. In this regard, the Company has utilized such loans in the business operation of the Company since, according to the Company’s financial information and operating results, the Company not only has

supported our performance , and we expect these to normalize in Q4. However, pricing trend continues to be positive and while we have one kiln in maintenance we will continue to see good asset utilization