no business relationship with the company or any relationship that could influence their judgement and independent performance. 2.6 The board of directors oversees the development and implementation of

, grandmother, uncle, aunt, etc.; - relationship where one has control over or is able to exert influence on the other, e.g., director, executive, auditor or spouse of such persons is the employer of the

policy to increase the minimum wage, which is projected to benefit over 3.7 million employees beginning January 1, 2025. This policy is expected to exert a positive influence on the Company’s operations in

has control over or is able to exert influence on the other, e.g., director, executive, auditor or spouse of such persons is the employer of the purchaser / transferor of the securities; - business

. 1.21 A CRA and its employees should not make promises or threats about potential credit rating actions to influence rated entities, obligors, originators, underwriters, arrangers, or subscribers) to pay

circumstances. Such transactions would be carried out without any exercise of undue influence due to such status as director, management member, or related persons, with such transactions duly reported to The

to payable liability obviously. 5. Key factors & Influence which may affect Future Performance of Financial Status Thai economy of the second half of 2017 shall have potential to recover gradually. The

position of manager or equivalent in accounting or finance departments; “controlling person” means a shareholder or any other person who by behavior has an influence over policy making, management or

considered persons in the same group; (a) group of major shareholders with top 10 largest amounts of shares; (b) group of major shareholders who by behavior has influence over policy making management or

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...