Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 3rd quarter ended September 30th, 2018 Management Discussion and Analysis of Business

-term loans) + Debentures + Finance lease liabilities (including current portion of finance lease liabilities) Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc

requirement before the representative can act on behalf of the debt securities holders, such as a requirement that the holders of a 1 “senior management” shall refer to the term of “executive” in the

-Term Service Agreement (LTSA) to achieve efficiency and reduce operating costs. In addition, the Company will also focus on increasing the efficiency of the procurement department, the cost management

and liquidity, both short- and long-term, to ensure that we adopt proper fund-raising strategies. 2.4 Cyber Risk Management KBank always prioritizes cyber threat and digital risk management. To cope

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

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for

objective in undertaking fund management business for short and long term. Objective should be set for the short-term plan and criteria/factor for evaluation of the accomplishment of the plan should be

strategic plan, policy and objective in undertaking fund management business for short and long term. Objective should be set for the short-term plan and criteria/factor for evaluation of the accomplishment