copy in Thai and English) 2. Management Discussion and Analysis (MD&A) for the second quarter of 2017 (a copy in Thai and English) 3. Company's performance report, Form F45-3 for the second quarter of

Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the second quarter of 2019 ended 30 June 2019 Executive Summary The world economy in the second quarter of 2019 was

partnered-up with HKL (Thai Developments) Limited, a subsidiary of a global developer Hongkong Land Holdings Limited, to jointly develop ‘The ESSE Sukhumvit 36’ – a luxury condominium project on Sukhumvit 36

progress reached 91%. The project is due to complete in 3Q19. • In February, the Company partnered-up with HKL (Thai Developments) Limited, a subsidiary of a global developer Hongkong Land Holdings Limited

-1- AIT (VP-SEC) 033E/2020 November 10, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q3–2020 To: The President of The Stock Exchange of Thailand Summary of Operations

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

growth of the business since 2018 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in net profit ratio (ROS) from 20.41

Filter Vision Public Company Limited and its subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the Quarter 1’ 2018 with the summary as follows:- 1

subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the year 2019 with the summary as follows: - 1. Nature of operations of the Group The Group has

the countermeasures taken by the government to control social gathering activities, including travel restrictions and the closure of venues considered high-risk areas, the Thai economy in 2020 is