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

highest revenue in its history and successfully established itself as a unique market leader in Thailand providing fully integrated Offline-to-Online (O2O) Solutions for the advertisers. With this, VGI’s

Express (Thailand) Limited (“Kerry”) with a total investment of THB 5,901mn. Kerry is the country’s leader in parcel delivery. Currently, Kerry’s services channel covers 1) Business-to-Business (B2B), 2

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in a new company, namely BBGI. The amalgamation was pursued in accordance with the strategic partnership framework in relation to bio-based production business between the Company and Khon Khaen Sugar

Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Based Products Business Group 21 Natural Resources Business Group 23 Statement of Financial Position 26 Cash

license is still valid; (2) being a leader of an audit firm or equivalent or being a partner of an audit firm or equivalent; (3) having performed audit work for a total period of no less than ten years

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

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

providers, including import and export by both sea freight (Full and Less Container Loading) and by air freight, and domestic transportation SEL. SEL is one of the leader in air freight business in Singapore