Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business

Convening the Extraordinary General Meeting of Shareholders No. 1/2020 To: The President The Stock Exchange of Thailand Enclosure: 1. Debt to Equity Conversion Scheme of Jutha Maritime Public Company Limited

increase efficiency and enhance competitiveness. Steps to be taken involve: demutualizing the SET, transforming it into a public limited company, separating exchange business (Exchange Company: EXCO) from

Company Limited Investment in water production and sales project for the amount of 120 million cubic meter At the Eureka Design Public Company Limited board meeting, 3/2020, dated March 12, 2020, the board

Company Limited Investment in water production and sales project for the amount of 113.88 million cubic meter At the Eureka Design Public Company Limited board meeting, 3/2020, dated March 12, 2020, the

BCPG Public Company Limited) invested in a hydro power plant project located in Laos People’s Democratic Republic with total installed capacity of 45 MW. This is an acquisition of 100 percent shares of

Committee of PTT Exploration and Production Plc., board member of the National Economic and Social Development, member of Insurance Commission, board member of Thai Smile Airways Co., Ltd., member of the

to high domestic ethanol stock, and the increasing aggregate domestic production capacity. Natural Resources Business Group recorded soften performance though the Company still realized additional

Public Company Limited developed an innovative electronic payment system, the Bangchak Digital Payment. The service was piloted at the Sukhumvit 62 and Srinakarin 1 service stations since April. With this

Supplies, and fixed asset attributed to the company. In 2018 loss was incurred from impairment of petroleum exploration and production assets of the Galoc 7. Share of profit from associated companies was THB