Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019

Asset Sale and Purchase Agreement, the Fuel and Utilities Supply Agreement, the Power Purchase Agreement, the Operation and Maintenance Services Agreement, and the Land Sub-Lease Agreement (collectively

relating to derivatives contract, derivatives operation, supervision of derivatives operation, or research relating to derivatives contract, regardless of the fact that such function provides services for

, derivatives operation, supervision of derivatives operation, or research relating to derivatives contract, regardless of the fact that such function provides services for other persons or for the benefit of the

responsible for services relating to derivatives contract, derivatives operation, supervision of derivatives operation, or research relating to derivatives contract, regardless of the fact that such function

market of THB 1,276 million, China of THB 188 million, sales in the UK under the operation of Intercarabao Limited (“ICUK”) of THB 12 million, and the rest to many other countries totaling of THB 272

Tangjettanaporn are satisfied with the result of the due diligence on the Company and there is no change which might have a material adverse impact to the Company’ s status, operation, business and/or property

some restaurants are not as planned. The Company recorded the allowance for impairment of assets of branches having loss from their operation, net of reversal, amounted to Baht 32.29 Million, and also

made to disclose information and the 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

million baht versus 343.65 million baht booked in 2017. The increase resulted from the full-year operation of The Studio Park in 2018, compared to the operation of just the latter half of the year 2017. All