to remain fragile as overall purchasing power has not yet recovered, and household debt remains at a high level. The operating result of the Company in this quarter is still in line with the plan

’ purchasing power. The home buyers postponed their decision making. As a result, sales of low-rise housing units during the first quarter of this year were 18% lower than the average sales of housing units per

restriction measures limiting business activities while government offered some subsidies that partially supported consumer purchasing power. Restrictions were gradually relieved beginning September including

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

1 Translation CEN 015-2020 August 14, 2020 Subject Notification on disposal of investment in subsidiaries (Biomass Power Plants Business) of Ua Withya Public Company Limited To The Manager and

because of steel poles bidding plan postponement that impacted to new order. 3. Sales and administrative expenses : Sales and administrative expenses of quarter 1/2020 was Baht 93.39 million decreased of

Solutions (CIS) and Networking Power along with the remarkable growth of Electric Vehicle Solutions in the second half of this year Gross profit of this quarter amounted to Baht 4,574 million, went up 92.8

% from those of the same period last year due to the strong customer demand outlook in Industrial Tools, Cloud Storage, Data Center and Networking power supplies along with Electric Vehicle Solutions

sales recognized of Baht 87 million from Long Quan Safe Food JSC (LQSF) a new subsidiary in Vietnam since 27 April 2018 However, domestic CMG grew from both new products and some existing products

factors have not yet been fully reflected in household purchasing power due to high levels of household debt. Consequently, the increase in household income is being partly used to repay debt, and so will