& Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

natural persons, in which, 3.75% are held by non-related persons and 1.25% are held by 3 related persons who are also the Company’s board of directors and/or management which includes Mr. Shen, Shyh- Yong

mutual fund management; “Private fund management company” means any securities company licensed to undertake securities business in the category of private fund management; “Fund manager” means any natural

any natural person who is authorized by a management company to have power to make decisions on investments for a fund; “Association” means any association relating to securities business, which has

; “Private fund management company” means any securities company licensed to undertake securities business in the category of private fund management; “Fund manager” means any natural person who is authorized

Council for Sustainable Development (TBCSD), the Office of Natural Resources and Environmental Policy and Planning (ONEP), and the Stock Exchange of Thailand (SET) at the “Biodiversity Action is Solution

sustainable natural resources capable of sequestering carbon dioxide, thereby conserving and enhancing the environment.

Pracha Maleenont Between April 10 to 28 August , 2014 Mr. Pracha Maleenont fail to reported the disposal of Natural Park Public Company (“N-PARK”) , which changed its name to U City Public Company

Profit Gain Asia Ltd. Between April 10 to 28 August , 2014 Profit Gain Asia Ltd. (“PFAL”) , fail to reported the disposal of Natural Park Public Company (“N-PARK”) which changed its name to U City

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural