percentage of fee that based on the performance (Performance fee) whereby the management company should perform the following 2.1 Prescribing a benchmark that is appropriate for the investment policy for the

the fund 2. Having rules of practice for prescribing the percentage of fee that based on the performance (Performance fee) whereby the management company should perform the following Page 10 of 32

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

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

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

), which owns and operates the Paju combined cycle power plant with an installed capacity of 1,823 megawatts (consists of 2 units of 911.50 megawatts each), which is located in Paju city, Gyeonggi Province

Tax B.E. 2508 ( 1965) . The Land and Building Tax Act impose tax on owners of land and buildings and specifies maximum tax rates to be applied based on the value of the asset as appraised by the

. Inclusive of the newly-acquired Glow SPP1, BGRIM has 19 gas-fired combined cycle cogeneration power plants and total operating capacity (from both cogeneration and renewable) of 2,200 MW as of Q’1 2019 while

investments and net fees and service income, mainly from lower fees from loan-related services, combined with the decline in fees from transaction services caused by the exemption of transaction fees via

under CPN’s book compared to GLAND’s book, which are based on its original cost. Non-recurring item CPN has non-recurring items during 2019 compared to the previous year as follows: • In 2Q19, CPN