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

the parties. In this regard, we will start recognizing the EFL sponsorship fees through our consolidated statement of comprehensive income from June 2017 onwards for a total of 36 months in effect

comprehensive income from June 2017 onwards for a total of 36 months in effect. Administrative expenses derived to THB 338 million, raised by THB 111 million or 48.9% due to consolidations of ICUK’s financial

fees payable to English Football League paid by ICUK. The Company started to recognize the EFL sponsorship fees through our consolidated statement of comprehensive income from June 2017 onwards for a

Business Operator and Derivatives Business Operator. (2) the calculation and payment of fee for the calendar year of 2018 onwards shall be the sum of the fixed-rate fee specified under (1)(a) or the fee

and Derivatives Business Operator. (2) the calculation and payment of fee for the calendar year of 2018 onwards shall be the sum of the fixed-rate fee specified under (1)(a) or the fee based on business

car title loan since February 2019 onwards. The new Thai Financial Reporting Standards (TFRS9) which would be effective on January 1, 2020. This standard establishes the principle in relation to the

price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within their capacity of the

increased in HRC market price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within

Relations page, Shareholder Information section and choose item “Shareholders’ Meeting”, accessible from Thursday, March 21, 2019 onwards. Whereas the actual meeting invitation letter and related documents