its credibility through regular provision of information and knowledge about debt instruments that are useful for investment decision making.” Mrs. Siriporn Jangtrakul, Secretary-General, Thai

. More flexibility has also been provided for both investors and fundraisers, such as heightened derivatives investment ratio, revised offering regulations for Basel III instruments and revised business

instruments and revised business conduct regulations to facilitate providing of services in foreign products. Furthermore, the SEC has worked with relevant organizations in preparation for integration of the

. Buying the Medical Instruments The Company will appropriately make a purchase from distributors The Company anticipates that after all the conditions precedent specified in the related agreements have been

-owned of the Listed Subsidiary 2. The Construction of Wattanapat Samui Hospital Building Contractor: Waiting 3. Buying the Medical Instruments The Company will appropriately make a purchase from

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

, social and governance (ESG) aspects. B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and Service Income • Sales and service income increased 21.3% y

HIGHLIGHT Sales and Service Income • Sales and service income increased 20.6% y-on-y in 2019 to Baht 44,132 million and 13.3% y-on-y in Q4’2019 to Baht 11,258 million primarily due to 1) the additions of 692

(31.1% of total revenues), and also the increasing revenue from other income, including trademark and trade name fees of DEAN & DELUCA of 85.1 Million Baht. The total gross profits in Q2 2017 was 761.8

Profit = Net Profit attributable to owners of the parent Financial Performance for Q4’18 and FY18 Income Statement Summary Unit: THB millions Q4'18 Q4'17 % YoY 2018 2017 % YoY Total revenues 6,519 6,418