@egco.com Page 2 Management Discussion and Analysis 1. Significant events in the Third Quarter of 2020 1.1 The progress in construction projects 1.1.1 Project completion - Gangdong Fuel Cell Project (Gangdong

shall be explained in terms of a 3-5-year business plan (represented in figures or otherwise) and a progress report on the implementation of the operation according to the goals shall be explained in the

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery & Trading Business Group 11 Marketing Business Group 13 Power Plant Business Group 14 Bio-Based Products...

(A.D. 2019) with the additional provision relating to anti-dumping and countervailing measurement which will be officially effective in 180 days from the announcement date of the Government Gazette or

measurement from November 2019. The Regulations and Notifications to make the Act operative is expected to be announced in the next few months. - The Government has also imposed Anti Dumping on Steel Pipes and

, decreased by 3.4 percent from the same period last year. This was mainly due to the measurement from expense management since late of March 2020. Expenses consist of costs of sales and services, selling

measurement categories; amortized cost, fair value through other comprehensive income (“FVOCI”) and profit or loss (“FVTPL”) driven by the entity’s business model for managing its financial instruments and the

(approximate) Spending Duration (approximate) Details/Spending Progress/ Reason(s) and Measure(s) in Case of Failure to Comply with the Spending Objectives 1. To acquire assets or invest in a business related to

securities2. Spending Objectives Amount of Spent Money (approximate) Spending Duration (approximate) Details/Spending Progress/ Reason(s) and Measure(s) in Case of Failure to Comply with the Spending Objectives

13 MW / 25 ปี % ควำมคืบหน้ำ 16.3% Progress on track Progress on track Bo Thong 1&2 Projects ประเภทเชื้อเพลิง พลงังานลม ก ำลงักำรผลิตติดตัง้ (MW) 16 MW สดัส่วนกำรถือหุ้น (%) 92.2% SCOD ธ.ค. 2563