joint partnership in a World Class Asset with long continuous production life, the oil produced is highly priced light crude oil. The investment is a considerable progress made on the foundations laid by

foreign currencies forward contact. 4 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | The Refinery and Oil Trading Business recorded Gross Refinery Margin of

related to the meeting agenda, in advance of the meeting. 8 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of KASIKORNBANK KASIKORNBANK has established business direction

operations. Disclaimer Some statements made in this material are forward- looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with

material are forward-looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and

investing activities of Baht 19 million. 6. Forward Looking The Company expects that this year it will be able to achieve sales growth of c.5%, which is lower than its original projection of 10-15%. We

shall not adversely affect the Company and subsidiaries ongoing operations. Disclaimer Some statements made in this material are forward-looking statements with the relevant assumptions, which are subject

material are forward- looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and

made in this material are forward- looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans

Company and/or subsidiaries. Such dividend shall not adversely affect the Company and subsidiaries ongoing operations. Disclaimer Some statements made in this material are forward- looking statements with