into this transaction is consistent with the strategic plan in the business operation of the Company, which emphasizes on investment expansion in line with the strategy aiming at growth alongside the PTT

which operate in February 10, 2018 (last year has expense from registering the company only), In addition, the Group have adjusted employee and management remuneration as usual every year. As a result

million, the Corporate Group’s net profit for the year increased by Baht 4 .44 million or an increase of 3.28 percent. Details of the changes or impacts are described in the Management Discussion and

management continued resulting in controlled network OPEX. SG&A rose in the quarter to support customer acquisition and the one- time expense of Bt134mn on withholding tax. As a result, normalizing the one

- Translation - Page 1 of 5 CBG 022/2019 8 November 2019 Subject Management discussions and analysis for the 3-month and 9-month period ended 30 September 2019 To President The Stock Exchange of

Microsoft Word - ACE MDA YE21 - EN_Final 1 No. ACE-ACC-1/2022 28 February 2022 Subject Management Discussion and Analysis for the year ended 31 December 2021 To President The Stock Exchange of

experience. However, the Company may have restrictions on expansion of business relating to Waste Management System for Refuse- Derived Fuel and be unbale to participate in bidding for Government’s waste

experience. However, the Company may have restrictions on expansion of business relating to Waste Management System for Refuse-Derived Fuel and be unbale to participate in bidding for Government’s waste

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 3rd quarter ended September 30th, 2018 Management Discussion and Analysis of Business

shareholders of the Company and does not provide a service as consultant for the Company, have no relationship and have no vested interest with the Company, subsidiaries, the management, major shareholders or