Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Ex...

GLOBAL HOLDINGS LLC SHR HOTELS USA INC. SKY CARGO SERVICES COMPANY LIMITED STARPRINT VIETNAM JOINT STOCK COMPANY SUPERIOR GSA PTE.LTD. SURGE ENERGY CORPORATION LIMITED TCG SOLUTIONS PTE.LTD. TIN THANH

-up shares. SUTG is engaging in the business of a construction contractor, provision of service regarding the operation and maintenance, and a consultancy services regarding waste management engineering

shares, or equivalent to 66 percent of SUTG’s issued and paid-up shares. SUTG is engaging in the business of a construction contractor, provision of service regarding the operation and maintenance, and a

equivalent to 66 percent of SUTG’s issued and paid-up shares. SUTG is engaging in the business of a construction contractor, provision of service regarding the operation and maintenance, and a consultancy

into a transaction for its own benefit or for other person’s benefit before the benefit of its client by using information concerning [i] client ’s [pending] order for trading or engaging in a contract

, procedures, and controls that prohibit employees that possess confidential and/or material non-public information concerning a trading instrument from engaging in a transaction in the trading instrument or

capital market whether under Thai or foreign law in the following matters: 1. engaging in any unfair activity or exploitation of investors in trading securities or derivatives; 2. undertaking a dishonest

”) at a total purchase price of THB 360,000,000 (the “VGM Share Sale Transaction”). In this regard, VGM is a subsidiary of the Company engaging in the media business in Malaysia whereas MACO is a