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
condition during the first half of 2016 effect to not much revenue from projects and major revenue from projects already done marketing recognized in the 3rd quarter of 2016 so that revenue in this segment
benefit to the Company and the shareholders. Therefore, the management team has conducted studies to find solutions to minimize the effects of this project. The Company has proposed solutions and discovered
(unit: THB million) 2019 (2nd Quarter) Percentage 2018 (2nd Quarter) Percentage associate Management benefit expenses (8.67) (113.63) (9.84) (1,929.41) Financial cost (0.08) (1.05) (0.10) (19.61) Share of
impairment of investments in associate (0.01) (0.05) (1.64) (268.85) Management benefit expenses (11.30) (58.89) (14.16) (2,321.31) Financial cost (0.12) (0.63) (0.14) (22.95) Share of loss in associates
DCORP 025/2020 May 13, 2020 Subject: Management Discussion and Analysis – Explanation of net profit for the quarter ended March 31, 2020 and the increase in the overall operations of more than 20 percent
subsidiary company of NDR. Additional important condition after completion of transaction is current major shareholder of NDR shall sell 32,000,000 units of exiting warrant to CRSB at 1.00 THB per share
of the transaction, FKRMM, FKRM and GCB shall be subsidiary company of NDR. Additional important condition after completion of transaction is group of Samrittivanicha Family current major shareholder
accounted to 0.23% of NTA as December 31, 2017 10.1.2 Share MIS (Management Information System) resource transaction 1. Contract Date: January 1, 2018 - December 31, 2018 2. Partners of Contract: Connected
Acquisition and Disposal of Assets B.E. 2547 (2004) 10.1.2 Share MIS (Management Information System) resource transaction 1. Contract Date: January 1, 2018 - December 31, 2018 2. Partners of Contract: Connected