lowered due to high competition during low season. The company has a strategy to pursue more Non-oil business endeavors in order to offer modern consumers more convenience when using service stations; the

locations, and the SPAR convenience store increased by 2 locations, compared to the previous quarter. Within this quarter, 2 more Inthanin Coffee locations Management Discussion and Analysis of Business

., Ltd. are still developing and expanding the business of the SPAR supermarket and convenience store, and Inthanin coffee shop. Thus, as of Q1/2018, there are altogether 457 branches of Inthanin coffee

been prepared solely for the convenience of the foreign shareholders of Glow Energy Public Company Limited and should not be relied upon as the definitive and official document of the Tender Offeror. The

its SPAR convenience stores and Inthanin Coffee Shops. Inthanin coffee shops has been expanded both within and outside of Bangchak’s service stations, in order to further grow its customer base

customers to instantly view. This is all done without requiring the staff at forecourt to move between the customer vehicle and the payment point, increasing convenience and the speedy of service. Also

- oil business, under the supervision of Bangchak Retail Co. , Ltd. ( “ BCR” ) is still developing and expanding its business continuously. As of Q1/2020, the number of SPAR convenience store was 44

559 locations (an increase of 67 locations YoY). BCR has entered into partnership with Grab Food and Get Food, in order to provide foods and drinks from SPAR convenience stores and Inthanin coffee shop

Office of the Securities and Exchange Commission, for the convenience of those not familiar with the written Thai language. Every effort has been made to convey the meaning and effect of each provision of

OFFICE OF THE SECURITIES AND EXCHANGE COMMISSION, FOR THE CONVENIENCE OF THOSE NOT FAMILIAR WITH THE WRITTEN THAI LANGUAGE. EVERY EFFORT HAS BEEN MADE TO CONVEY THE MEANING AND EFFECT OF EACH PROVISION OF