mechanism or measure which render the securities underwriter to perform duties independently: (1) in case the securities underwriter, or parent company or subsidiary company of the underwriter is the sponsor

which render the securities underwriter to perform duties independently: (1) in case the securities underwriter, or parent company or subsidiary company of the underwriter is the sponsor of the REIT; (2

profit and loss statement will start to decline since 3Q/2019 onwards due to a decrease in CFC fees, in line with the adjustment of sponsor status from Principal partner to Global partner, which will last

according to the conditions in the agreement. Currently, it is on process of seeking for sponsor and the result thereon. 5. Investment in the Entertainment Attraction Business The Meeting of the Board of

firms, is the sponsor of this project. As a result, this study may face self selection bias. The participants are companies with lower adjustments than the non-participants. The non-participants may

offering in accordance with the relevant Thai laws and regulations. Withdrawal of approval 24. The SEC may at any time review a Hong Kong Covered Fund’s approval and may modify, add to or withdraw any of the

Fund’s authorisation and may modify, add to or withdraw any of the conditions of such authorisation, or withdraw the authorisation, as it considers appropriate. Sale/distribution, offering documents

significant demeanors of persons being considered, for instance, relevant amount of money, relevant quantity of transaction, beneficiary as a result of conduct, being principal, instigator or supporter

behaviors such as the monetary amount involved, the volume of transactions involved, the person obtaining benefits, being the principal, instigator or supporter, with premeditation or gross negligence; (2

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Anal...