credit losses totaled Baht 256 million, a decline of 47.1% comparing to Baht 485 million for 1Q19. The excess loan loss reserve after allowance for expected credit losses based on TFRS 9 at the 2 For 1Q20

Baht 2,178 million mainly from the increase in personnel expenses. Expected Credit Losses (ECL) for 1Q20 totaled Baht 256 million, a decline of 47.1% comparing to Baht 485 million for 1Q19. The excess

/Litre, lowered by 5% YoY, a result from lubricant product’s rising cost compared to their stagnant price, combined with slight dips in retail marketing margin. Marketing margin decreased 1% QoQ, from

. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

oil in price throughout the quarter, especially the Dubai crude oil price which dropped during early August to September from concerns over the trade war between the US and China, combined with the Thai

participate in the supply reduction had to stop fuel pipeline transfers, leading to lower production and export of crude oil; alleviating market pressure from excess supplies. Also, active oil rig counts in the

2019 Paid 7June 2019 Paid Last payment 25July 2019 Last payment 25July 2019 Last payment 25 July 2019 Transaction Size 30.39% 4.34% 43.39% 3.05% 43.63% 9.60% 13.06% 147.46% Source of Fund - Excess

(October – December 2018) and clarification of the operating result change excess 20%. Dear Sirs, We gladly inform to report our 2nd quarter performance figure during October – December 2018, ending December

the operating result change Excess 20% Dear Sirs, We would like to report financial operating result for financial year ended June 30, 2017 as followings: 1. Sales and Services revenue decreased to