Thailand 1. Analysis of Overall Operating Results for the Company and its subsidiary 1.1 Important circumstance during the year In April 2018, the Company acquired 800,000 ordinary shares of Aesthetic Zecret
Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for
% to our growth year-on-year upon consolidating the result of our newly acquired subsidiary, Tiger Soft (1998) Company Limited (“TigerSoft”). Revenue from our Financial Solutions decreased by 14.32mb or
to accept the right under the Strategic Partnership Agreement between the Company and Hemaraj Land and Development Public Company Limited (“Hemaraj”) to conduct the business of distribution and retail
appointed independent financial advisor is to provide opinion regarding the fair value of the asset acquired. 8. Expected Benefits The Company and the Target operate in the same business industry, which is
Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of
91.52%, which is based on the Criteria of Total Value of Consideration, which is the highest result. Including of the Company does not have any assets acquired or disposed of during the 6 months prior to
investment marks another important step for WHAUP utilities business expansion in CLMV, especially in Vietnam, as part of our long-term investment target. Moreover, it is also in line with our strategic plan