Service 26,238,808 Affiliate 4 VLK 25,782,341 Current Liability 5 Unithai Shipyard Engineering 19,731,811 Account Receivable 6 Mrs. Pariyanaj Young 18,561,150 Shareholder 7 Nordana Line 12,356,200 Business

resolution was passed to approve the acquisition of ordinary shares in Kerry Express (Thailand) Company Limited (“Kerry”), a private limited liability company incorporated under the laws of Thailand that

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2018 The Thai economy in the second quarter of 2018 gained further traction from the first quarter. The ongoing economic rebound was mainly driven by exports and tourism, whereas domestic spending and investment only gradually picked up. Still, the economy has yet to see strong across-the-board growth. The business sector remained challenged by new modes of competition...

was resulted from the decrease in profit from the shutdown of Khanom Power Plant Unit 2 and 3, which in 2016 has a high profit from the reduction of provision for decommissioning liability. Page 21

, timeliness, and/ or completeness of their index or any data included in, related to, or derived therefrom, and assume no liability in connection with the use of the foregoing. The index sponsors have no

personnel, the intermediary shall govern its personnel to comply with such standards. Clause 10 An intermediary shall not make a contract with a client in a manner of release or limit its liability for damage

(%) 11.5% 15.6% Liability to Equity (times) 0.4 0.4 Return on fixed assets5 (%) 87.1% 87.6% Debt to equity (times) 0.0 0.2 Asset turnover (times) 0.6 0.5 (Enclosure 4) 12 5 Earnings before interest and tax

and reports on the financial condition and the operating results of the Company or any other report required to be disclosed under Section 56 or Section 199. The liability is not limited to the

shall they certify the accuracy and completeness of information contained in the registration statement. The liability for certification of the accuracy and completeness of information contained in the