transaction: The transaction is categorized as the disposal of CPN assets according to the regulation of the Stock Exchange of Thailand concerning the Acquisition and Disposition of Assets, the total value of

amounting to THB 727.75 million and the acquisition of program rights by transfer from this account amounting to THB 1,025.27 million. The balance of this account can be categorized as follow: (1) Advance

investment is in line with the Company’s business strategy to expand the natural resources business which could be integrated with innovative energy business in order to increase corporate value and diversify

particularly in the polymer group such as Carbon Black prices increased 60%, Styrene Butadiene Rubber (SBR) increased 30%, and Natural Rubber prices increased 20% by average from the same period last year

and services increased by 10.87% from last year due to the sharp increment of raw material prices during Quarter 2 to Quarter 3 especially in natural rubber, synthetic rubber and chemicals groups. The

29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 20 - Natural Resources Financial Position Statement of Cash

Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources CONTENTS

and Exchange Commission, Thailand (SEC)* 3. Office of Natural Resources and Environmental Policy and... https://www.sec.or.th/TH/Documents/LawsandRegulations/ResourceCenter

of Forestry, the Ministry of Natural Resources and Environment, the Geo-Informatics and Space Technology Development Agency (Public Organization) and Thailand Greenhouse Gas Management Public

& Trading Business Group 11 Marketing Business Group 13 Power Plant Business Group 14 Bio-Based Products Business Group 16 Natural Resources Business Group 18 Statement of Financial Position 20 Cash Flows