proper investment management are concerned. To account for these concerns, international organizations and leading countries have laid out their own I Code. Furthermore, I Code is now one of the criteria

during the last 12 months. This additional cost impact has been more than offset by gains in the feedstock segment since IVL is also one of the world’s leading producers of IPA. The Fiber segment

contracts, leading to a recorded EBITDA of THB 2,198 million (+46% YoY, +140% QoQ). 6 | Management Discussion and Analysis of Business Operation for the 3rd quarter of 2017 Bangchak Corporation Plc. Bio-based

/USD 32.31 in 2018 which was 5% stronger than the THB/USD 33.93 in 2017. Exceptional Items There were no Exceptional Items in 2019, 2018 or 2017. Subsequent Event None reviewQ419.xlsx MD&A 2019 24/02

34.25 in 2015. Exceptional Items There were no Exceptional Items in 2017, 2016 or 2015. Subsequent Event None

. The Board of Directors Meeting has considered and approved as follows: 1. Asset Disposal Transaction of the Company Whereas the company aims to become a leading company in the real estate industry and

become a leading company in the real estate industry and other relating businesses, by striving to grow sustainably. The company has foreseen the potential of “Nomura Real Estate Development” (NRED) – one

uncertainty concerning entity’s ability to continue as a going concern (paragraph........); ( 5.2 An uncertainty relating to the future outcome of exceptional litigation or regulatory action (paragraph

uncertainty relating to the future outcome of exceptional litigation or regulatory action (paragraph........); ฆ 5.3 A major catastrophe that has had, or continues to have, a significant effect on the entity’s

apply) ( 5.1 Using of going concern assumption appropriate but a material uncertainty exists (paragraph number.......) ( 5.2 An uncertainty relating to the future outcome of exceptional litigation or