23_MDA Q3_2563 EN -Translation- No. ECF2 038/2020 16 November 2020 Subject: Management Discussion and Analysis of the 3rd quarter and 9-month period ended 30 September 2020 To President The Stock

. 1/2018 To The President The Stock Exchange of Thailand Attachment 1. Information Memorandum regarding the Offering and Allocation of the Newly Issued Shares of Ocean Commerce Public Company Limited to

process is to prevent the Company from being bankruptcy and to maintain the right and shareholdership, especially retail investors in the stock market, from losing all the money invested if the Company

. The entering into business rehabilitation process is to prevent the Company from being bankruptcy and to maintain the right and shareholdership, especially retail investors in the stock market, from

, after the OPEC and allies have jointly initiated production reduction in tandem to their agreement. This would result in improved oil price which will support oil related business to recover in the second

/2019 To Director and Manager The Stock Exchange of Thailand Enclosure 1. Information Memorandum on the Acquisition of Assets (Schedule 1) Regarding the Purchase of the Ordinary Shares of KPN Academy

their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of

the Trade Debt reduction in 3., on April 26, 2017, the Company arranged for another paydown to ACO I in the amount of USD 480,000, or equivalent to THB 16,564,426.67, resulting in the Company’s

interest owed to ACO I is in the amount of USD 3,633,963, or equivalent to THB 125,405,236.71. 4. After the Partial Repayment in 2. and the Trade Debt reduction in 3., on April 26, 2017, the Company arranged

FY2019 Bangchak Corporation Plc. | in gross profit, even though the average selling price of Ethanol declined due to domestic ethanol stock remaining at high levels. Natural Resources Business Group