/18 as described above. 5 Backlogs include sold units with sale and purchase agreements and booking Management Discussion & Analysis ( - translation - ) For operating result of 4Q/18, ended 31 December

exceeded the purchase Management Discussion and Analysis of Business Operation for the 3rd quarter of 2017 Bangchak Corporation Plc. 21 | volume in December 2016, however, purchase in September was paid for

is granted prior to making such transaction. Nevertheless, this provision does not include the case where the mutual fund intends to purchase shares of the mutual fund management company, which is

granted prior to making such transaction. Nevertheless, this provision does not include the case where the mutual fund intends to purchase shares of the mutual fund management company, which is prohibited

of the Office of the Securities and Exchange Commission No. SorNor. 21/2551 Re: Acts that may Create Conflicts of Interest on Fund Management and Protective Rules (No. 2

” means any juristic person which is entrusted by mutual fund management company to manage or to procure the benefit from property which the mutual fund purchase or rent; “Selling and redemption supporter

person” means any juristic person which is entrusted by mutual fund management company to manage or to procure the benefit from property which the mutual fund purchase or rent; “Selling and redemption

fund management company to manage or to procure the benefit from property which the mutual fund purchase or rent; “Selling and redemption supporter” means any person which mutual fund management company

at present. 3. Risks on Exchange Rates AS at June 30, 2017, the Company had no foreign currency loan but there were import purchase in less amount. Therefore, the management trusted on minimized risks

depreciation of right- of-use assets and interest expense on lease liabilities.  The company reported the result of Share Purchase for financial management purposes [Treasury Stocks] from the initiation of the