may impose limitation on the complete classifications of the loan portfolio quality during the relief period. The majority of the relief period for retail loans will end during 4Q20 while for Commercial

indicating that rules or conditions to be waived are immaterial to the consideration of that case; (b) There is certain limitation under any other law causing the company unable to comply with rules or

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and Determination of the Date of Extraordinary General Meeting of Shareholders No. 1/2018 To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Offering of Newly Issued Ordinary Shares to Specific Investors (Private Placement) at the Offering Price with a Discount of...

whole entire year.  The refinery business had an inventory loss of THB 1,489 million (including lower of cost or market (LCM) THB 689 million) from the sharp decline of crude oil price in the global

quarter, which has led to retail prices at service stations aligning at an appropriate level to the cost of finished oil products. While marketing margin in Q2/2018 was highly affected by the sharp rise in

appreciated. Whereas in 2018 inventory loss was recorded at THB 1,489 million (including lower of cost or market (LCM) THB 689 million) due to the sharp decline of crude oil price in the global market between

the previous year. As Q3/2018 experienced sharp spikes in global crude oil price, coupled with the government measures to appoint retail Diesel price ceiling at THB 30 per liter, resulting in a

OPEC’s lowered heavy crude export after production limitation were put in place since the past January. While the closure of Japanese refineries 10 | Management Discussion and Analysis of Business

information, caution, restriction, prohibition or risk in relation to the services; (7) arranging for the acknowledgement and acceptance of the client about conditions or limitation of providing services as

significantly higher loss from the past. Currently, the Company has limitation in submitting an application for the bank to issue a letter of guarantee, which affects to operation in core business as to