Crude decreased from the efforts of OPEC and non- OPEC members to lower production. Summary of the Company and its subsidiaries’ performance by Business unit 9 | Management Discussion and Analysis of

Distribution Business, revenue declined in relation to lower sales volume in YoY and QoQ. Mainly, attributed to the intense competition within the Ethanol business from the total national production of Ethanol

business to record a lower market gross refinery margin (GRM) compared to Q2/2018. However, market GRM (Restate) 7/ Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation

THB 109 million due to the lower occupancy rate. Other income decreased by THB 5 million. Gross profit margin declined from 25.9% to 25.4% due to rental and service business gross profit decreased by

million baht. Income from Property rental business plunged by 13%, from 139.2 million baht to 121.1 million baht due to the lower occupancy rate as lease for warehouse expired in Q3 2017. - Gross profit for

showed of 25.1% in the same quarter of last year. Excluding TBSP of 22.6% GP, Company’s %GP represented at 19.4%, primary by lower Gross Profit of High-Valued Document and Flexible Packaging. THB million

capital market. This is to allow existing business operators, apart from securities companies, financial institutions, or newly established companies as specified in the current ministerial regulation, to

submit herewith the consolidated financial statements of Lee Feed Mill Public Company Limited and its subsidiaries for the third quarter ended September 30, 2017, of which the business operation results

submit herewith the consolidated financial statements of Lee Feed Mill Public Company Limited and its subsidiaries for the first quarter ended March 31, 2019, of which the business operation results for

their business, (2) ensure their business continuity, and (3) better address operational risk.Essentially, the draft amendments would allow intermediaries undertaking asset management business and