Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | Executive Summary Summary of the

sector has begun to comprehensively incorporate Environment, Social, and Governance (ESG) considerations in its business processes.With regard to acceleration of the sustainable development, the Working

quarter ending 31 March 2018 amounting to Baht 37.21 million, an increase of Baht 25.18 million or 209.38% over the same quarter last year, due to the following significant factors : 1. Profits from

doubtful accounts 56.85 - 56.85 Earnings before interest and tax (12.13) 135.08 Finance costs - Main businesses 20.06 23.05 (2.99) -13% Finance costs - Solar energy 35.41 35.69 (0.28) -1% Profit before

SAAM Group consist of (1) revenues from provision of service and rental including the procurement of project site location and rendering of related services to clients who operate 17 solar power projects

courses, uniforms and all security equipment for the hired employees. 3. Gross profit of Solar energy (“SE”) decreased Baht (1.12) million, which mainly comes from an incident of electrical short circuit

. Tel : + 66(0) 2 703 7880-1 No. SorPor 5/2563 23 March, 2020 Subject: Report of asset acquisition in “Blue Solar Farm3 Company Limited” Attention: Managing Director of the Stock Exchange The Stock

projects, resulting in increased profits covering expenses. Management's Discussion and Analysis and operating results for the Quarter 1’ 2019 Page 5 / 6 4. Financial position 4.1 Assets The total assets in

group's profits. The direction of operating results for Q3 and Q4 will be the highest growth period of the year. The trend of JMT's revenue will increase due to the income generated from the fully-amortized

several measures across our business units to minimize the impact on our profitability and maintain financial flexibility. Current business environment 1. Thailand: We temporarily closed our fashion and