period before starting the operation. NCL USA expected higher profit in the future. In July 2018, NCL Singapore, a subsidiary of NCL, established 3 following subsidiaries, operating the business of

phase increased especially Bangna branch, which completed its one full year of operation in April 2019. ▪ Other incomes was Baht 34.00 million, an increase of Baht 6.23 million or up by 22.5% over the

year due to some initial cost of ramping up of the UHT OEM operation in this quarter. 2/5 Food business The food cost of sales increased according to sales growth. However, the ratio of food cost to

company and its subsidiaries (which has been terminated their operations). 2020 is the year that bring massive change of UWC as a consequence of the corporate and business strategy restructuring together

DCORP 024/2019 May 14, 2019 Subject Report on the overall operation for first quarter of the year 2019 ended March 31, 2019 and the decrease in the overall operation more than 20 percent Attn President

DCORP 042/2019 August 13, 2019 Subject Report on the overall operation for second quarter of the year 2019 ended June 30, 2019 and the decrease in the overall operation more than 20 percent Attn President

) and (2) “retail client” means client other than an institutional client; “inside information” means any information which substantial to the change of price of the securities which is not reveal to

the investor prescribed in (1) and (2) “retail client” means client other than an institutional client; “inside information” means any information which substantial to the change of price of the

an institutional client; “inside information” means any information which substantial to the change of price of the securities which is not reveal to public and the securities known by its business

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019