Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

new COVID-19 outbreak. As of March 31, 2021, the Company has renovated areas in the Dessert Shop to open a total of 14 “After You Marketplace”, with 3 newly opened branches including Future Park Rangsit

2020 1. The Recovery of Traveling Trips After the government relief measures for the outbreak of COVID-19, the traveling trips both in traffic and ridership volume increased significantly. In this

(FVPL)  Impairment of financial assets based on an expected credit loss (ECL) framework with financial assets classification into 3 stages. Stage 1: financial assets where the credit risk has not

outbreak of the Coronavirus Disease 2019 ("COVID-19"). The Company have been closing hotels since April 1, 2020. - Cost of sales in Q1/2020 amounted 1,108.50 million baht or 60.75% of sales decreased

written premium for the second quarter of 2020 decreased by Baht 86.48 million as a result of the affected by the outbreak of the 2019 coronavirus (COVID-19) crisis. • Underwriting expenses was Baht 399.63

65.60 million baht or 91.94% from 71.35 million baht in Q2/2019 due to the outbreak of the Coronavirus Disease 2019 ("COVID-19"). The Company hotels had been closed during April - June 2020. - Cost of

equity securities, which was in line with the reduction of SET index resulted from the impact of 2019 Corona virus outbreak (COVID-19). Investment income and other income for six months presented a loss of

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural

continue to monitor the outbreak situation that might affect the Company’s operation. Revenue from sales of goods and rendering service Revenue from sales of goods and rendering service for the first quarter