the offering price of shares based on the market price which is the best price under the market situation in the period of the offering shares to investors, after authorized by the Extraordinary General

of the Company and its subsidiaries’ performance by Business unit 1.) Refinery and Oil Trading Business Group Crude Oil Price Situation (Unit : USD/BBL) Crude oil price Q4/2019 Q3/2019 QoQ Q4/2018 YoY

any factors or situation are changed in the future; the investors are, therefore, required to have their own discretion regarding the usage of this information for any purpose. For further detail

the financial situation of the Company. As for the agent fee of 1.5 percent of total sale, the rate is not higher than the fee rate in the steel industry which is at approximately 2.00 - 3.00 percent

which is the best price under the market situation in the period of the offering shares to investors, after authorized by the Extraordinary General Meeting of Shareholders No. 1/2019, by which the

and a deficit, it shall demonstrate such items separately without setting off. /2 In case of the company have various categories of additional paid-in other capital (deficit), namely appraisal surplus

separately without setting off. /2 In case of the company have various categories of additional paid-in other capital (deficit), namely appraisal surplus, revaluation surplus (deficit) in investment, it shall

, it shall demonstrate such items separately without setting off. /2 In case of the company have various categories of additional paid-in other capital (deficit), namely appraisal surplus, revaluation

situation in Thailand in 2017 is in a state of omission, festivals and entertainment media, as a result, and the advertising business has been affected both directly and indirectly. In 2018, the advertising

information provided in this MD&A may vary if any factors or situation are changed in the future; the investors are, therefore, required to have their own discretion regarding the usage of this information for