-1- AIT (VP-SEC) 030E/2019 November 7, 2019 Subject: Management's Discussion and Analysis of Operating Results for Q3-2019 To: The President of The Stock Exchange of Thailand Summary of Operations Q3

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business

” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the six months period ended June 30, 2018

on the Company’s future revenues, operations and supply chains. The Company is taking several cost saving measures to minimize the negative impact of the COVID-19 pandemic on the Company’s future

evaluate the impact on all aspects of business, as well as ensuring that our operations comply with health and safety protocols, which are regularly updated. We had also enhanced our IT systems and

-1- AIT (VP-SEC) 022E/2022 August 11, 2022 Subject: Management's Discussion and Analysis of Operating Results for Q2-2022 To: The President of the Stock Exchange of Thailand Summary of Operations Q1

parties of the Audit Firm by specifying the names of the parties, the countries of business operations, the natures of business operations or services, and the description of relationship or connection, e.g

related parties of the Audit Firm by specifying the names of the parties, the countries of business operations, the natures of business operations or services, and the description of relationship or

information under the Official Information Act; 2. Memos / delivery notes for the operation of the relevant departments and agendas of the SEC Board, agendas of the Capital Market Supervisory Board and agendas

major customers, new model launch and new product launch led to higher revenues. Thailand operations were very strong; recording 68.3% growth year-on-year. China and Portugal operation were also strong