amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity

30 June 2017, the Group had short-term investment of THB 471.32 million which consisted of investments in securities held for trading THB 270.01 million, change in fair value of investments in

investments in securities held for trading THB 260.97 million, change in fair value of investments in securities Page 6/6 held for trading THB 1.44 million and held-to-maturity investments THB 200 million. 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

programs even though the country’s economy favorably expanded, which supported by the acceleration of exports in accordance with economic expansion in key trading partners and the continual expansions of

Remark: ……………………………………………………………… ………………………………………………………………………… ………………………………………………………………………… Fees to be charged to unitholders (% of trading value) Sector Allocation / Top 5 of Issuer Allocation Fee items

Quarter Increase (Decrease) For 9-month period ended September , Increase (Decrease) 2017 2016 YoY % 2017 QoQ 2017 2016 YoY % 2017 Profit Sharing for the Period - The Company’s Equity

Company’s Debt to Equity ratio is 1.48 times, based on the audited consolidated financial statements for the 9-month period ended September 30, 2019. The Debt to Equity ratio will rise to 1.26 times if the

Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd. and Bongkot Marine Services Co., Ltd. 2/ EBITDA from Marketing Business of the Company, Bangchak Greenet Co.,Ltd., Bangchak

/2018, as of February 28, 2018, which were reviewed by the auditor. 2. Has approved to propose to the shareholders meeting for ratification in the disposition of shares in Thai bonnet Trading Zone Company