Synergy strategy. And the Company plan to start an insurance business in InsurTech Business platform to enhance return to the shareholders. Thus, you have been inform for your acknowledgment Yours

budgets to do CSR (Corporate Social Responsibility) instead. These are the main reasons that inevitably affects the Company's revenue and business performance. The Impact of the COVID-19 situation Risk

supporting future business expansion domestically and internationally as well as for the purposes of overall competitiveness in financial management accordingly. The Company will remain as the major and

____________________________________________________________________ ____________________________________________________________________ 8) Does the investment policy and investment strategy of the foreign ETF comply with the Notification of the Capital Market

____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ 8) Does the investment policy and investment strategy of the

) Easing of the financial conditions – although the policy rate and interest rates have been at a low level but liquidity in the business sector is still at the low level especially for SMEs business. This

crowding-in of private investment. 3) Easing of the financial conditions – although the policy rate and interest rates have been at a low level but liquidity in the business sector is still at the low level

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation

the core strategy of “Customer Centricity”, we continued to place our focus on making KBank our Customers’ Main Bank. We have therefore developed our business in various dimensions – from eight customer

., Ltd. would like to submit the financial statement of the Company and subsidiary companies in Q1/2018 and present the details of the performance of the Company as follows: The business operation of L.P.N