entering the rainy season, together with typhoons and tropical cyclones moving closer to Thailand leading to more rainfall than the previous quarter. Management Discussion and Analysis of Business Operation

higher rainfall than the previous quarter, and the lower solar panel installation projects. PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Executive Summary Q3/2019 Significant Events Comparing 9M

following elements: • Central Park shopping complex with a total leasable area of 80,000 sq.m., in which CPN has 85% stake in the project. The project represents a distinguished experience and selecting an

% stake in the project. The project represents a distinguished experience and selecting an iconic global brand matching urban lifestyle with green area more than 1,000 sq.m. • Central Park Offices with a

project with 358 units and living space from 141-165 sq.m. per unit. The total project value is more than THB 1,000 mn and is located next to Centralplaza Phitsanulok, distinguished with the green area

% and 2%, respectively. Whereas, Q3/2018 was under a low season period with middling usage of automobiles and minuscule tourism outings, due to the persistent rainfall which lasted throughout the quarter

10% YoY, mainly from increasing average irradiation hours at every project sites, due to clear skies and decreased rainfall from the previous year. Furthermore, production capacity rose from the

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...

rainfall than us ual. It is expected that rainfall in the region from January to March of 2020 will be less than the normal range, causing the amount of water bud get during the dry season of 2020 to be

, leading to the launch of pioneering marketing campaigns. Distinguished efforts included sales of mooncakes of 16 famous brands via K PLUS, the Pay with K PLUS service or payment in Facebook that offered the