of pilling work and grounding system. The project has the scheduled COD by December 2019. B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction

revenue for the same period of last year. The positive impact is a result of more projects awarded in 2017 leading to more negotiation power and efficient cost management. 1. Business Performance Analysis

total revenue in Q3/ 2017 and equivalent to 5.19 million THB or 3.18% of total revenue for Q3/2017. 1. Business Performance Analysis 1.1 Revenue For the first nine months of the year 2017 the Company

6.13 % of total revenue in Q4/ 2017 and equivalent to 16.26 million THB or 7.01% of total revenue in the previous year. 1. Business Performance Analysis 1.1 Revenue For the year 2017 the Company reports

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

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019

- 1 - AIT (VP-SEC) 005E/2019 February 26, 2019 Subject: Management's Discussion and Analysis of Operating Results for the year 2018 and Q4-2018 To: The President of the Stock Exchange of Thailand

-1- AIT (VP-SEC) 016E/2021 August 10, 2021 Subject: Management's Discussion and Analysis of Operating Results for Q2-2021 To: The President of the Stock Exchange of Thailand Summary of Operations Q2

-1- AIT (VP-SEC) 022E/2021 November 9, 2021 Subject: Management's Discussion and Analysis of Operating Results for Q3-2021 To: The President of the Stock Exchange of Thailand Summary of Operations Q3