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 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environ...

understand the feature, risks and specific conditions of such capital market products every time before making a decision to invest. After having performed in compliance with the first paragraph, the

ought to understand the feature, risks and specific conditions of such capital market products every time before making a decision to invest. After having performed in compliance with the first paragraph

“หน่วยลงทุนคลา้ยทุน” เพื่อมิใหเ้กิด ความเขา้ใจผดิ โดยภาคเอกชนยงัสามารถแบ่งหน่วยลงทุนเป็นหลายประเภทได ้โดยตอ้งก าหนด feature และเง่ือนไขของหน่วยลงทุนประเภทท่ีก าหนดผลตอบแทนและการคืนเงินทุนไวอ้ยา่งแน่นอนใน

investments geographically (home and abroad) and the method of financing (internal or external). 8. An indication of any public takeover offers by third parties in respect of the issuer's shares or by the

reduce the burden of financing to repay and reduce interest expenses. 6. Benefits which the Company and Shareholders will receive from the Capital Increase and Share Allocation 6.1 VAVA is a large company

– anytime, anywhere. Major initiatives included: 1) K PLUS: Accommodating customers’ lifestyles, we have continually developed the Loyalty Card Platform with a new feature that allows customers to add KBank’s

collection. The Company also considers installment sales primarily for assets with low value to help facilitate repayment from buyers who have the ability to purchase but are unable to obtain financing from

purchase of intangible assets Baht 0.06 million. The cash received from selling the fixed assets was Baht 0.11 million. The net cash that has been spent for financing activities was Baht 42.00 million that

total cost of Baht 365 million. As for Cash Flow from Financing activities of the Company and Subsidiary Companies for the 9 months period, ended September 30, 2017 and 2016 included the total use of Baht