recorded at THB 2,181 million, decreased by 34% YoY, mainly attributed to the refinery business’s Total GRM of 3.49 $/BBL, compared to Q1/2018’s 6.37 $/BBL. The decline was brought about by most of the

a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and

reassessed its business structure to move towards Green Businesses targeting renewable energy, materials recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been

(+0.11 USD/BBL YoY, -0.69 USD/BBL QoQ), even though the gross refinery margin was adversely affected by the shutdown which mentioned before, but GRM was benefited from the narrowing Dated Brent / Dubai

. Gross refinery margin was 6.66 USD/BBL (+1.04 USD/BBL YoY, +0.28 USD/BBL QoQ), GRM was higher from the increase in crack spread of most finished oil products, while Dated Brent and Dubai crude spread (DTD

. PDI remains actively looking for projects with acceptable risks and substantial returns, in South East Asia and beyond, targeting area’s such as Energy, Eco and Materials. Other M&A targets, when

risks and substantial returns, in South East Asia and beyond, targeting area’s in Energy, Eco and Materials. Other M&A targets, when encouraging, will also be considered. Please be informed accordingly

these following significant matters: (1) The dissolution of a Subsidiary The Board of Directors’ Meeting resolved to approve the dissolution of the Company’s subsidiary, PDI Eco Company Limited (the

baht per person per day. To this end, Thailand’s upcoming 13th National Economic and Social Development Plan for 2023-2027 prioritizes achieving high-value, eco-friendly economy, society of opportunities

achieve their performances, as well as resolving social and environmental issues, to expand the result of the resolution to a wider audience. The SE Thailand emphasizes the development of the perfect eco