foreign currencies forward contact. 4 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | The Refinery and Oil Trading Business recorded Gross Refinery Margin of

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acceptable international standards among different capital markets is considered the driving force to stimulate cross-border investments, and thus propelling such integration and linkages forward. Being

sufficiency of information provided by corporations for investors and stakeholders to make well informed decisions. In driving forward a sustainable value creation, we will continue working with Sustainable

innovative development, products and/or services or the business model (if any). The objective is to demonstrate the Company’s continuing development to serve the needs of the stakeholders and to make

and construction progress, etc. Describe the research and development policy in areas and specify the details of the process of innovative development, products and/or services o r the business model

innovative products and services (green bonds, loans, index- linked services, etc.) and serve the objective of developing a cohort of well-regarded monitoring, reporting, and verifying actors, thus enhancing

the preparation of the SET and securities business operators for regional market linkage and competition in the international market arena. Within this forward- moving environment, the SEC also made