of the previous year. The increase is owing to the increase in the profit of Hongsa Power Company Limited, a joint venture, in a portion of 40 percent. In addition, the acquisition of RATCH

due to the expansion of our market share from acquiring new parts in passenger cars and pickup 1 ton; meanwhile, the automobile production in this quarter was contracted. Moreover, the sale volumes of

recovery in EU economy and the start of mass production of this product, resulting in a continuous sales growth since last year. However, sales of Telecom Power System (TPS) products declined 13.3% from the

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

authorization of directors to bind the Company or any person authorized by such directors to have the power to negotiate and determine the details, terms and conditions and other procedures for the benefits of

value of Baht 1,695 million 2. The meeting resolved to approve the authorization of directors to bind the Company or any person authorized by such directors to have the power to negotiate and determine

period 5,126.4 9.66 4,928.8 10.01 197.6 4.01 5,516.3 11.77 (389.9) (7.07) Breakdown of sales revenues by business group Product Group 2018 2017 2016 revenue % revenue % revenue % Power Electronics Group

McGillivray, speaker from CFA Institute for sharing valuable knowledge on ESG through his practical experience at a workshop and mini case study sessions with about 200 Thai professionals from the securities

systems and financial reporting standards shared experiences and perspectives on crucial preparatory topics for companies seeking fundraising. These included practical challenges, best practices in due