วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 003/2019/EN 26 February 2019 Subject: Management Discussion and Analysis of the Company and its subsidiary for the year ended 31 December 2018 To: The

services in year 2018 of THB 5,881.33 million (excluding fuel costs of THB 30,302.81 million). The main reasons were as follows: Management Discussion and Analysis For the Year Ended December 31, 2019 Page 7

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 002/2020/EN 26 February 2020 Subject: Management Discussion and Analysis of the Company and its subsidiary for the year ended 31 December 2019 To: The

seasonality, and the COVID- 19 5 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | outbreak that affected quantity demand for consumption of Biodiesel fuel late in

its formula for excellent cleaning of fuel injectors, allowing for complete combustion within the engine that allows for smooth performance with maximum clean power. 7 Management Discussion and Analysis

Exchange of Thailand Attachment: Management Discussion and Analysis for the period ended 30 June 2019 Golden Lime Public Company Limited ( the “ Company” ) would like to report operating performance for 3

Microsoft Word - MD&A Y2018 _E_ - Final Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Year Ended December 31, 2018 Management Discussion and Analysis For

supporters. The TCFD recommendations support more effective climate-related disclosures that enable investors and stakeholders to analyze and compare climate-related risk management of businesses within the

1st January 2020. 13 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | Fuel Oil and Dubai crack spread (FO/DB) in 2019 averaged at -4. 91 $/BBL a decrease

benefited from the increasing price of Low Management Discussion and Analysis of Business Operation for Q3/2019 Bangchak Corporation Plc. I 4 Sulphur Fuel Oil, as preparations were made for the transition