credit limit, debt moratorium measure, to assist for state welfare card holders and to stimulate domestic tourism under “We Travel Together” project; buying power of the consumers have remained stagnant

-517-0109-14 Fax 66-2-5170529 February 27, 2017 Subject Management Discussion and Analysis for the year ended December 31, 2016 To Managing Director of Stock Exchange of Thailand Table of Financial Ratio

March 12,2020 Subject: Notification of the disposal of shares in the Biogas Power Plant Business of Akkrawat Crop Rotation Energy Company Limited (Revised No.2) Attention: President Stock Exchange of

20.79% from the same period of last year as a result of drop in gain from sales of investment and decreased interest income from Xayaburi Power Company Limited due to partial loan repayment and dropped

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

510 - 940 Million through the concession agreement period. 2. On June 28, 2018, the Company sold all 7.5 percent of investment in Xayaburi Power Company Limited (XPCL) to CK Power Public Company Limited

expense approximately by Baht 510 - 940 Million through the concession agreement period. 2. On June 28, 2018, the Company sold all 7.5 percent of investment in Xayaburi Power Company Limited (XPCL) to CK

and service were difficult due to the weak purchasing power. Since the consumers were price- sensitive, together with a high competition in the market, some entrepreneurs turned to reduce their

, sales growth in this quarter would become approx. 15.0% over the same period of last year. Sales growth remains driven by Power Electronics business group, especially power supplies for automotive sector

remained sluggish, due to weak purchasing power and the lack of any specific measures from the government. In the second half of 2017, the economy moved in a positive direction driven by industrial expansion