Management Discussion and Analysis For six-month period ended June 30, 2020 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel: 0

Corporate Finance 33 Broker-Dealer 36 Asset Management 43 Investment Adviser 48 Enforcement 53 Market 57 International Cooperation 60 Corporate Affairs Appendices 63 Capital Market Performance 2002-2004 69

Bangkok, 7 February 2018 ? All of the 26 members of the Association of Asset Management Companies (AIMC) have declared their intention to adopt the Investment Governance Code (I Code) for

Other Related Entities in order to Ensure Confidence of the Investing Public ● Supervision of Market Intermediaries - Securities Companies - Asset Management Companies - Inspection - Supervision of those

Management 1 (ISQM 1) and the support for audit firms in the Thai capital market to acquire audit software and audit tools to help them perform the audit work. In addition, the SEC launched a hotline

., Ltd and appointment of member of audit committee. (Revised) To: President The Stock Exchange of Thailand Enclosure: Information Memorandum regarding the Acquisition of Asset of Demeter Corporation

On Ads to further invest in 89% of Roctec Technology Limited (“Roctec”). Roctec is a provider of multimedia & communications systems, system integrations and total network infrastructure based in Hong

) To: President The Stock Exchange of Thailand Enclosure: Information Memorandum regarding the Acquisition of Asset of Demeter Corporation Public Company Limited The Meeting of the Board of Directors No

Bangchak Corporation Plc. Table of Contents 5 10 0 10 Refinery Business 14 Marketing Business 16 Green Power Business 18 Bio-Based Products Business 21 Exploration & Production Business 26 31 30 Statement

telecom of Bt110,219mn, increasing 6.9%YoY from 2600MHz spectrum acquired in 1Q20. Moreover, intangible asset of Bt7,123mn, increasing 30%YoY, mainly from business operation software while inventories