of S-TREK, for the total value of Baht 357,000,000. The Company will increase its registered capital by issuing 51,000,000 new ordinary shares at the offering price of Baht 7 per share, totaling Baht

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

subsidiary shall purchase the entire shares of Hemaraj in Gulf WHA MT Natural Gas Distribution at the number of 2,499,000 shares, equaling 51 percent of the total shares of Gulf WHA MT, at the price of Baht

shares at a price of Baht 119.43, which is the price as book value according to the financial statements as at 31 December 2019 of KTMS, in the total amount of Baht 17,750,403.18. In this regard, the

high-technology products, an increase in price of the Company’s core raw material, copper foil, due to an unbalanced demand/supply in the market, as well as the appreciation of the THB in a short period

* Note Please find further information in the consolidated financial statements. 1 21 February, 2019 Subject: Management Discussion & Analysis (MD&A) for the year 2018 Attention: The President The

* Note Please find further information in the consolidated financial statements. 1 23 February, 2018 Subject: Management Discussion & Analysis (MD&A) for the year 2017 Attention: The President The

Limited Relationship: The other party is not related to the Company, either to management and shareholders. - General transaction : The disposal of 4 plots of land totaling area are 75 rai 34 square wah

the EGM to allot 460,000,000 newly issued ordinary shares with par value of Baht 1 per share to VAVA PACK Company Limited (“VAVA”) under the private placement scheme, at the offering price of Baht 0.405

WORLD with mutual shareholders. In this regard, NAUTIC will pay for WIE ordinary shares by issuing 52,692,140 ordinary shares to WORLD, accounting for 79 percent of the total shares, at the price of SGD