., Title deed no. 38420 owned by C P T Hotel and Resort Co., Ltd.; and Title deed no. 137476 owned by Mr. Seree Techateerawat Obligation : Except land title deed no. 38420, all land of 8 title deeds are
accordance with relevant regulations and announcements , therefore, reasonable in approving such transactions. With this, a related person did not attend in the meeting and had no voting rights about this
in Asia. Going forward, structural changes taking place in Asia should benefit the industry as a whole. Lack of new announcements in capacity expansions and continued growth in demand is a positive
opportunity loss. The Board of Directors have considered that the land leasing with factory and office building and the purchase of machinery are in accordance with relevant regulations and announcements
and the purchase of machinery are in accordance with relevant regulations and announcements , therefore, reasonable in approving such transactions. With this, a related person did not attend in the
end of the last business day of each month cannot be calculated, the net asset value as announced during any calendar year shall be averaged out according to the number of announcements instead. 5 (2
announcements of Biodiesel blend mandate from B7 to B3 since August 2016 and then changed again in November 2016 from B3 to B5, while the price of crude palm oil price continuously decreased and lead raw
announcements, ministerial regulations, regulations and other laws related regulations that are effective at the time of the issuance and offering of the debentures. Interest Rate Depending on the market
Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for 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 Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...