Management 36 1 1. Overview of Operating Environment 1.1 Global and Thai Economy in the Third Quarter of 2017 Overall, the global economy gained traction throughout the first nine months of 2017. Bright
petroleum products traded with partners abroad in the form of Overseas Trading (Out-Out) , and the trade of Low Sulphur Fuel Oil products that were further upgraded to be more valuable product. The market
effective than others. The areas where improvements would be valuable include the following instances: Insufficiently detailed, and sometimes incomplete, monitoring programs in the level that would facilitate
partners without any explicit criteria linking pay to audit quality. As reputation of high audit quality is considered the most valuable asset of any audit firms, it is indeed necessary that firm leaders
corporate governance, allowed KBank and K Companies to meet business targets as we gained wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in 2018. C
operating activities For the first half of 2017, the company and its subsidiaries had net cash gained from operating activities of Baht 1,997 mill ion, which increased from cash received from operating
declined, combined with the lower average utilization rate compared to the previous quarter. During this quarter, the refinery business gained from crude and product oil price hedging contract THB 29
exempted are immaterial to the consideration of the application for approval in such particular case and the benefits to be gained are not worth the cost of complying with such regulations or conditions; (2
other shareholders; 2. there is a possibility of failure to protect shareholders’ rights by causing any person to gain a financial benefit other than what should normally be gained or by causing the
consideration, whichever is higher between market price of listed securities and NTA, will be selected for transaction’s size calculation. Total value of consideration = Value of transaction gained or paid x 100