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

issuer shall provide selected audited historical financial data regarding the issuer or, if the issuer is the holding corporation of a group, the group of which shall be presented for the two most recent

of the country relies heavily on the export sector But still received good results from the government's economic stimulus measures That helps to take care of the cost of living, making household

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

Statement for Thai-incorporated Company to offer for sale of securities in Thailand and ASEAN member country simultaneously or in proximate period (ชือ่บรษัิททีเ่สนอขายหลักทรัพย)์ (Commercial Name of the

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

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019

chain as earlier explained. However, Branded export sales continued to grow outstandingly by c.25% as a result of the Company’s successful marketing strategy in each focused country as earlier explained

each focused country. Sales breakdown by business and geography are as follows: Sales Breakdown by Business:  Brand: Baht 2,042 million, down 9% YoY  CMG: Baht 2,342 million, down 16% YoY  Sales ratio

มีสิทธิออกเสียง - 10 - 5.2.2 กรณีท่ีเปดเผยตามขอกําหนดของประเทศที่เสนอขาย (host country) แมการจัดทาํ ASEAN Debt Securities Disclosure Standards จะมุงเนนใหเปดเผย ขอมูลที่เปนมาตรฐานรวมกนัใน