Thailand CH. Karnchang Public Company Limited (the “Company”) hereby reports the connected transaction among the Company and Expert Transport Co., Ltd., whose shares are held by the Company’s major

had income from services total amount 452.42 million baht, decreased 8.82 %, mainly caused due to revenue from domestic transport by land. Transfer operations under the operation of the company since

%, mainly caused due to revenue from domestic transport by land has been transferred to be operated under the association company since March 2016, the total revenue is decreased. The impact of the bankruptcy

268.63 million Baht, increased 24.52 %, mainly caused income in year 2018 due to the business merger of domestic transport service by land, which is a subsidiary in late 2017 and merger and manufactures

Situation (Unit : USD/BBL) Crude Oil Price Q3/2017 Q2/2018 Q3/2018 YoY QoQ 9M 9M YoY AVG AVG MAX MIN AVG % % 2017 2018 % Dubai (DB) 50.43 72.07 80.45 69.61 74.22 47% 3% 51.06 70.10 37% Dated Brent (DTD) 52.08

: Name of the subsidiary company: Jutha Phakakrong Shipping Company Pte., Ltd. Purpose of the establishment: For marine transport and etc. Located at: 50 Raffles Place, #17-01 Singapore Land Tower

subsidiaries’ performance by Business unit 1.) Refinery and Trading Business Group Crude Oil Price Situation (Unit : USD/BBL) Crude Oil Price Q1/2017 Q4/2017 Q1/2018 YoY QoQ AVG AVG MAX MIN AVG % % Dubai (DB

million Baht, increased 16.79 %, mainly caused income in year 2018 due to the business merger of domestic transport service by land by the end of year 2018 as well as its subsidiary both in domestic and

2019 2018 YoY Max Min AVG AVG +/- AVG +/- +/- Dubai (DB) 67.90 57.40 62.03 61.26 0.78 68.30 -6.26 63.51 69.65 -6.14 Dated Brent (DTD) 69.37 57.81 63.08 62.00 1.08 68.81 -5.73 64.21 71.31 -7.10 DTD/DB

government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease