Company Limited (“company”) and Subsidiaries (“group”) as their operation in business in year 2020 consists of 6 segments such as investment in other businesses, wire business segment, transmission line

honesty and integrity based on their career records, as well as having skills and experiences which are beneficial to the business operation; (4) being able to show the readiness of its work system and

vision of the management in order to assist investors to better understand the company's financial status and operation. It also supports the "Good Corporate Governance Project" of the Securities and

assets and the adoption of TFRS 16  Net profit from operation was THB 51mn, an increase of 25.0%  Cash flow for the quarter from operating activities remains positive at THB 65mn KEY BUSINESS AND

Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of

operation of Innotech Asset Management (or “Innotech” formerly known as “Solaris Asset Management”), a subsidiary. Innotech is currently on process of preparing personnel and operating system to reactivate

from continued operation over several years, with net loss for the nine-month periods ended on September 30, 2019 and 2018 in the amount of Baht 40.83 million and Baht 10.69 million, respectively. The

period of the prior year, accounted for 98.04% of total assets. Total liabilities and shareholders’ equity were 43,146. 37 million baht and 7,557. 35 million baht, respectively. Operation Performance of

Limited and its subsidiaries had the operation results for the six-month period ended June, 2017 with the following details: unit: THB million 2017 2016 Change (THB million) Change (%) Revenue from Sales

funds for investment, The Company uses funds from its own operation, which does not effect liquidity or the operation of the Company. The Joint Venture Company has raised capital for investment and