the investor prescribed in (1) and (2) “retail client” means client other than an institutional client; “inside information” means any information which substantial to the change of price of the

an institutional client; “inside information” means any information which substantial to the change of price of the securities which is not reveal to public and the securities known by its business

. While Normalized Net Income attributable to Owners of the Parent is Baht 219.0 million, 18.8% decreased from 1Q2019. Due to substantial weakening of Thai Baht, Net Profit is significantly affected by

having seen a substantial growth in online sales. Furthermore, rental income has been impacted negatively as the Company exempted rental fees to tenants affected by the closures imposed by the government

products decreased. In terms of channels, all channels had their sales increase except Dealer and Franchise sales. Due to high demand for IT products in 2021, the Company sold a substantial amount of

the reduced Heavy Sour Crude supplies, after Iran was sanctioned by the US. Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 11 Crack Spreads Situation

Dubai price decreased by 0.70 USD/BBL. This is due to the pressure from an increase in supply of Light Sweet Crude which adjusted upward from Libya, Nigeria, and the US. Also the supply for Heavy Sour

Plants and IRPC Clean Power (IRPC-CP) together with profit realization of Ichinoseki Solar Power 1 GK (ISP1) due to stable weather condition compared to Q1/18 in which there had been heavy snow in Japan

refineries switching to Light grade crude, especially Chinese refineries, which has also lowered purchase of Heavy grade crude due to OPEC’s production reduction that caused the product’s shortage and price

Heavy grade crude becoming considerably harder, due to various countries having to reduce crude purchase from Iran to avoid any potential conflicts with the US. The spread between Dated Brent and Dubai